Common use of Financial Expert Clause in Contracts

Financial Expert. The Borrower will cause a financial expert (within the meaning of Section 407 of the Sarbxxxx-Xxxxx Xxx of 2002) to serve on the audit committee of its board of directors until the Termination Date; and shall not allow the financial expert position on the audit committee to remain vacant for more than 90 consecutive days.

Appears in 8 contracts

Samples: , and Consolidated Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), , and Consolidated Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

AutoNDA by SimpleDocs

Financial Expert. The Borrower will cause a financial expert (within the meaning of Section 407 of the SarbxxxxSxxxxxxx-Xxxxx Xxx Act of 2002) to serve on the audit committee of its board of directors until the Termination Date; and shall not allow the financial expert position on the audit committee to remain vacant for more than 90 consecutive days.

Appears in 4 contracts

Samples: Series E Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), , and Consolidated Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Series D Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

AutoNDA by SimpleDocs

Financial Expert. The Borrower will cause a financial expert (within the meaning of Section 407 of the SarbxxxxSarxxxxx-Xxxxx Xxx Xxt of 2002) to serve on the audit committee of its board of directors until the Termination Date; and shall not allow the financial expert position on the audit committee to remain vacant for more than 90 consecutive days.

Appears in 1 contract

Samples: And Consolidated Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Time is Money Join Law Insider Premium to draft better contracts faster.