Common use of Appointment of Independent Director Clause in Contracts

Appointment of Independent Director. Promptly and in no event less than (10) days prior to the effective date of the appointment of any Person as a new or replacement Independent Director of the Borrower, notice of such appointment and a certification of a Responsible Officer of the Borrower that such Person satisfies the criteria set forth in the definition herein of “Independent Director.”

Appointment of Independent Director. Promptly and in no event Not less than (10) 10 days prior to the effective date of the appointment of any Person as a new replacement or replacement additional Independent Director of the BorrowerDirector, notice of such appointment and the proposed appointee, together with a certification certificate of a Responsible Officer of the Borrower Transferor certifying that such Person candidate satisfies the criteria set forth in the definition herein of “Independent Director” in this Agreement.”

Appointment of Independent Director. Promptly and in no event Not less than ten (10) days prior to the effective date of the appointment appointment, written notice of any Person as its decision to appoint a new or replacement Independent Director director of the BorrowerSPV as the "Independent Director" for purposes of this Agreement, notice of such appointment and a certification of a Responsible Officer of which shall certify that the Borrower that such designated Person satisfies the criteria set forth in the definition herein of “"Independent Director.”"