Examples of Independent representative in a sentence
Council may make regulations regarding the eligibility, appointment, remuneration, terms of service, termination, functions, duties, general powers, and all other matters ancillary or related to the Independent Representative.
More Definitions of Independent representative
Independent representative has the meaning assigned to such term in Section 2.1(a).
Independent representative means the Advisory Board, or in the absence of an Advisory Board or the independence of the Advisory Board, an independent representative appointed by the Managing Member to review and approve certain transactions involving a Conflict of Interest in order to protect the interests of the Company, each Series and the Members.
Independent representative has the meaning assigned to such term in Section 3.02(c) of the Servicing Agreement.
Independent representative is a person who: (a) acts as agent for Client and by law or contract is obligated to act in the best interest of Client; (b) does not control, is not controlled by, and is not under common control with Adviser, and (c) does not have, and has not had within the past two years, a material business relationship with Adviser. If Client elects to appoint an Independent Representative to receive account statements, Client shall provide Independent Representative’s information on the Additional Client Information—Schedule B attached hereto.