Board Observer definition

Board Observer has the meaning set forth in Section 6.12.

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Board Observer has the meaning set forth in Section 2.1(f).

Board Observer has the meaning set forth in Section 1(k).

Examples of Board Observer in a sentence

The Borrowers shall reimburse the Board Observer for all reasonable out-of-pocket costs and expenses incurred in connection with its participation in any such BOD Meeting.
The Board Observer shall have the right to receive all information provided to the members of the Board of Directors or any similar group performing an executive oversight or similar function (or any relevant committee thereof) of the Lead Borrower and any of its Subsidiaries in anticipation of or at such meeting (regular or special and whether telephonic or otherwise).
The Board Observer shall keep such materials and information confidential in accordance with Section 12.19 of this Agreement.
The Board Observer shall be timely notified of the time and place of any BOD Meetings (which shall be held no less than once per quarter) and will be given written notice of all proposed actions to be taken by the Board of Directors (or any relevant committee thereof) of the Lead Borrower and any of its Subsidiaries at such meeting as if the Board Observer were a member thereof.
The Administrative Agent shall be entitled to designate one observer (the "Board Observer") to attend any regular meeting (a "BOD Meeting") of the Board of Directors of the Lead Borrower or any of its Subsidiaries (or, in each case, any relevant committees thereof), except that the Board Observer shall not be entitled to vote on matters presented to or discussed by the Board of Directors (or any relevant committee thereof) of the Lead Borrower or any of its Subsidiaries at any such meetings.

More Definitions of Board Observer

Board Observer has the meaning specified therefor in Section 7.01(p).

Board Observer shall have the meaning assigned to it in Section 3.3.

Board Observer shall have the meaning specified in Section 6.20.

Board Observer shall have the meaning set forth in Section 10.1.

Board Observer has the meaning given to such term in Section 2.3(a);

Board Observer has the meaning set forth in Section 2.4.

Board Observer has the meaning ascribed to such term in Section 2.1(g).