Designated Directors definition

Designated Directors means the Directors appointed by the Existing Owners or their permitted transferees pursuant to Sections 6.1 and 6.2 of the Holdings GP LLC Agreement.
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Designated Directors has the meaning set forth in Section 3.1(a).

Examples of Designated Directors in a sentence

  • For purposes of this Section 5.02(b), the Shareholders entitled to designate the Designated Director(s) are the Shareholders holding a majority of the voting power of the issued and outstanding Shares.

  • The Designated Directors shall have the same voting rights and shall be subject to the same standard of conduct as the other directors of the Borrower Board.

  • Upon the expiration of the terms of the Designated Directors, the parties hereto acknowledge that the number of directors will be immediately reduced by two to eliminate the directorships of the Designated Directors.

  • The Required Lenders and Designated Directors shall promptly take all actions as shall be necessary to cause the immediate removal or resignation of such individuals from the Borrower Board.

  • If at any time while the Restructuring Committee exists, the Material Event of Default has been cured or waived or the Termination Date occurs, the Restructuring Committee shall be dissolved, the terms of office of the Designated Directors shall expire immediately and the remaining directors shall constitute the directors of the Borrower Board, provided that, such individuals shall continue to serve in their capacities as Board Observers.


More Definitions of Designated Directors

Designated Directors shall have the meaning set forth in Section 4.1.
Designated Directors means, in relation to the Heineken Shareholder, the Heineken Designated Directors and, in relation to the VJM Shareholder the VJM Designated Directors appointed from time to time to the Board of the Company or their respective alternates appointed in accordance with these Articles and a “Designated Director” means any one of them.
Designated Directors has the meaning set forth in Section 7.24.
Designated Directors has the meaning assigned to such term in Section 5.3(a).
Designated Directors means the Directors designated by the Principal Stockholder."
Designated Directors means Dr.
Designated Directors has the meaning ascribed to it in Section 5.01(a)(iv).