Independent Directors definition

Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

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Independent Directors means the members of the Board who are “independent” under the standards of the principal U.S. securities exchange on which the Class A Common Stock is traded or quoted.

Independent Directors mean those Directors who are not “interested persons” of the Partnership as that term is defined in the 1940 Act.

Examples of Independent Directors in a sentence

No Obligor shall fail for fifteen (15) consecutive Business Days to have less than two Independent Directors in the case of the Issuer and one Independent Director for all other Obligors (or thirty (30) days in the case of such Independent Director’s death, disability or resignation, provided further that in the case of the Issuer, one Independent Director remains at the Issuer during such period).
Amend any provision of its certificate of incorporation or by-laws unless (a) (i) ARSC shall have received not less than five Business Days’ prior written notice thereof and (ii) the certificate of incorporation of the Seller, as in effect on the date hereof, provides that such amendment can be made without the vote of the Seller’s Independent Directors or (b) the Majority Investors have consented to such amendment.

More Definitions of Independent Directors

Independent Directors means the members of the Board of Directors who are not, and have not been within the last two years, officers or employees of the Manager or any Person directly or indirectly controlling or controlled by, or otherwise an Affiliate of, the Manager and who are otherwise “independent” in accordance with the Company’s Governing Instruments and, if applicable, the rules of any national securities exchange on which any capital stock of the Company is listed.

Independent Directors means the members of the Fund's Board of Directors who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any agreement relating to this Plan.

Independent Directors means those members of the Board who qualify at any given time as an “independent” director under the applicable rules of each Exchange on which the Shares are listed, and as a “non-employee” director under Rule 16b-3 of the 1934 Act.

Independent Directors means those members of the Board of Directors that qualify as independent directors within the meaning of Rule 10A-3 promulgated under the U.S. Securities Exchange Act of 1934 and the listing criteria of the New York Stock Exchange.

Independent Directors means the members of the Board designated as independent directors in accordance with the Listing Standards.

Independent Directors shall have the meaning set forth in Section 2.2.

Independent Directors has the meaning set forth in the Charter.