Disqualification Notice definition

Disqualification Notice means a written notice from the Nominating and Governance Committee of the Board to the Common Directors, issuable at any time following the performance by the Nominating and Governance Committee of its review (after consultation with the Corporation’s or the Board’s legal counsel (which may be internal legal counsel)) of compliance of the Corporation with the requirement set forth in Section 9.5,
View Source
Disqualification Notice means a written notice from the Nominating and Governance Committee of the Board to the Common Directors, issuable at any time following the performance by the Nominating and Governance Committee of its review (after consultation with the Corporation’s or the Board’s legal counsel (which may be internal legal counsel)) of compliance of the Corporation with the requirement set forth in Section 9.4, which notice shall, in the event of a violation of the requirement set forth in Section 9.4, indicate the existence of such violation, and set forth the Common Director or Common Directors required to submit a letter of acknowledgment of disqualification to the Board following the application of the tests set forth in Section 9.4.
View Source
Disqualification Notice has the meaning set forth in Article 3.3.3 (2) hereof.
View Source

Examples of Disqualification Notice in a sentence

  • Following receipt of a Disqualification Notice, the Optionee may withdraw the Optionee's Advance Notice.

  • In the avoidance of doubt, if the Limited Partner still fails to pay such amount after ten (10) days of its breaching, but General Partner does not issue the Disqualification Notice, the Limited Partner shall pay liquidated damages for overdue payment at an interest of [ ]% per day from the next day of Contribution Deadline of First Installment, until it has paid up such amount.

  • Such Disqualified Breaching Limited Partner shall pay liquidated damages for overdue payment within five (5) days of the issuance date of Disqualification Notice.

  • For the avoidance of doubt, the Limited Partner’s disqualification does not relieve its obligation and liability to pay overdue interest incurred before the issuance date of the Disqualification Notice.

Related to Disqualification Notice

  • Disqualification Event shall have the meaning ascribed to such term in Section 3.1(rr).

  • MREL Disqualification Event means that, at any time, all or part of the Series of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • TLAC Disqualification Event means OSFI has advised the Bank in writing that the bail-inable notes issued under the applicable pricing supplement will no longer be recognized in full as TLAC under the TLAC Guideline as interpreted by the Superintendent, provided that a TLAC Disqualification Event will not occur where the exclusion of those bail-inable notes from the Bank’s TLAC requirements is due to the remaining maturity of those bail-inable notes being less than any period prescribed by any relevant eligibility criteria applicable as of the issue date of those bail-inable notes.

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • Prescribed Notice means 28 days or any shorter period of notice for a meeting of members of the Company allowed under the Corporations Act.