WTI Designee definition

WTI Designee means the individual(s) selected and authorized by WTI, its successor or assign to represent WTI and serve on the Board in accordance with Section 5.2 hereof.
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Examples of WTI Designee in a sentence

  • For so long as WTI owns an LLC Interest that exceeds 10% of the outstanding LLC Interests, one of the Managers shall be a WTI Designee, except that, if, at any time, WTI owns an LLC Interest that exceeds 35% of the outstanding LLC Interests, two of the Managers shall be WTI Designees.

  • At any meeting of the Board, the presence of four or more Managers (at least one of whom shall be a WTI Designee) shall constitute a quorum.

Related to WTI Designee

  • Board Designee means an employee of the Board who has been given authority by the Board to carry out a function for the Board (e.g., the Clerk, Assistant Clerk of the Board, or hearing officer).

  • Share Designation has the meaning assigned to such term in ‎Section 3.2(b).

  • Airline Designator Code means the two-characters or three letters, which identify particular air carriers.

  • Purchaser Designee means an individual nominated by the Board as a “Purchaser Designee” for election to the Board pursuant to Section 5.11(a) or Section 5.11(d) of the Investment Agreement.

  • Investor Designee means an individual nominated by the Board as a “Investor Designee” for election to the Board pursuant to Section 5.10(a), Section 5.10(d) or Section 5.10(e) of the Investment Agreement.