Examples of Preference Directors in a sentence
If a class of the Reorganized Debtor’s Equity Interests is listed on a nationally recognized stock exchange in the United States, the New Board and Audit Committee shall, within the permissible phase-in periods, meet the independence requirements of the Securities and Exchange Commission and the applicable stock exchange and at least two (2) of the Preference Directors and one (1) Common Director shall meet such independence criteria upon emergence.
In addition, four out of five directors will be elected by the holders of Preferred Stock provided that the number of Preference Directors shall be decreased, if and in such a manner as the Creditors’ Committee determines necessary in order to meet applicable listing standards of a nationally recognized stock exchange in the United States.
The RR5 screener response rate can be viewed as a cooperation rate, or a measure of the ability to complete a screener interview when the telephone was answered in residential households.
The Parties irrevocably agree that as the Preference Directors appointed by the Preference Shareholders are the nominees of the Preference Shareholders, such Directors shall be entitled to report all matters concerning the Company, including but not limited to, matters discussed at any meeting of the Board to the Preference Shareholders and its shareholders.
In addition, the Preferred Stock shall vote as a separate class with respect to: (i) Preference Directors, (ii) certain matters specified in Exhibit 1 of the Plan, which require the approval of the majority of the Preferred Stock, and (iii) as required by law.
In addition, the Preferred Stock shall vote as a separate class with respect to: (i) Preference Directors, (ii) certain matters specified in Exhibit 1 hereto, which require the approval of the majority of the Preferred Stock, and (iii) as required by law.
They must not misuse any access authorization granted to them (for example by transferring data to unauthorised third persons).
The holders of Preferred Stock shall be entitled to elect four (4) directors and the holders of Class A Stock shall be entitled to elect one (1) director, provided that the number of Preference Directors shall be decreased if and in such a manner as the Creditors’ Committee determines necessary in order to meet applicable listing standards of a nationally recognized stock exchange in the United States.