Subordinate Officers definition

Subordinate Officers as used herein shall mean those managerial employees of the Corporation with limited degrees of authority but that do not have the power to exercise a significant influence over decisions concerning the operation of the Corporation. The Board of Directors may appoint or may empower the President to appoint, such other Officers as the business of the Corporation may require, each of whom shall hold office for such period, have such authority and perform such duties as are provided in these Bylaws or as the Board of Directors may from time to time determine. Subordinate officers of the Corporation, if appointed, shall be as follows:
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Examples of Subordinate Officers in a sentence

  • Subordinate Officers ..........................................................11 Section 4.

  • Subordinate Officers, including but not limited to, Assistant Secretaries, Treasurers and Assistant Treasurers, or agents, as the business of the Corporation may require, may from time to time be appointed by the Board of Directors, the President, or by any officer empowered to do so by the Board of Directors, and shall have such authority and shall perform such duties as are provided in the Bylaws or as the Board of Directors may from time to time determine.

  • Subordinate Officers .......................................6 Section 3.04.

  • Subordinate Officers, Committees and Agents..............6 Section 5.

  • Subordinate Officers, etc...............................7 Section 4.04.

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  • Subordinate Officers................................................

  • SECTION 3 - Subordinate Officers The Committee may appoint, and may empower the Chairman to appoint, such other Officers as the business of the Committee may require, each of whom shall hold office for such period, have such authority and perform such duties as are provided in the Bylaws or as the Committee may from time to time determine.

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  • Subordinate Officers.................................................

Related to Subordinate Officers

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.

  • Subordinate Percentage As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date.

  • Subordinate Companion Loan A Companion Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement, is generally subordinate in right of payment to the related Split Mortgage Loan. The only Subordinate Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Subordinate Companion Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.

  • Senior means a person seventy years old or older.

  • Subordinate Net Funds Cap With respect to any Distribution Date, an amount equal to the weighted average of the Pool 1 Net Funds Cap and the Pool 2 Net Funds Cap, weighted on the basis of the Pool Subordinate Amount for each Mortgage Pool; provided, however, that on any Distribution Date after which the aggregate Class Principal Amount of the Senior Certificates relating to any Mortgage Pool has been reduced to zero, such weighting shall be on the basis of the Pool Balance of each Mortgage Pool.