NYSE Independent definition

NYSE Independent means a person who shall qualify as a director of the Purchaser Board independent from the Purchaser, the Seller and the Investors (as such term is defined in the Investor Rights Agreement) as such term is used in Section 303A.02 (or any successor rule) of the New York Stock Exchange Listed Company Manual, determined, as applicable, as of (a) the time of the nomination of such director pursuant to Section 6.2 of the Investor Rights Agreement and (b) the time of any vote, decision or recommendation made by such director as a member of the Purchaser Board.
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NYSE Independent means a person who shall qualify as a Director independent from PubCo, the Sponsor and the Members, as such term is used in Rule 303A.02 (or any successor rule) of the NYSE Listed Company Manual determined, as applicable, as of (i) the time of the nomination of such Director pursuant to Section 2.1 and (ii) the time of any vote, decision or recommendation made by such Director as a member of the Board.
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NYSE Independent means a person who shall qualify as a director “independent” from the Company, the Sponsor and the Members, as such term is used in Rule 303A.02 (or any successor rule) of the NYSE Listed Company Manual.
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Examples of NYSE Independent in a sentence

  • The Seller shall have the right to designate the remaining six (6) members of the Purchaser Board to serve from the Closing until the election and qualification of their respective successors, at least three of which must be NYSE Independent and at least two of which must be Independent.

  • Notwithstanding the foregoing, any material adverse change in the provisions of a management agreement, as they relate to the rights and obligations of a TRS Lessee, from those set forth in Annex A hereto shall be subject to approval by a majority of the directors of the REIT who, at the time, are "independent" in accordance with rules promulgated from time to time by the New York Stock Exchange ("NYSE") for companies listed on the NYSE ("Independent Directors").

  • The Founder Investors’ Representative shall have the right to designate three (3) members of the Purchaser Board to serve from the Closing until the election and qualification of their respective successors, at least two of which must be NYSE Independent and at least one of which must be Independent.

  • PubCo has determined that the initial slate of directors referenced in Section 2.1(a) includes the requisite number of NYSE Independent directors meeting the requirements of the NYSE.

  • The Seller shall have the right to nominate the remaining six (6) members of the Purchaser Board to serve from the Closing until the election and qualification of their respective successors, at least three of which must be NYSE Independent and at least two of which must be Independent.

  • The Founder Investors’ Representative shall have the right to nominate two (2) members of the Purchaser Board to serve from the Purchaser Stockholder Meeting and one (1) additional member of the Purchaser Board to serve from the Closing, in each case, until the election and qualification of their respective successors, at least two of which must be NYSE Independent and at least one of which must be Independent.