Initial Board Meeting definition
Initial Board Meeting means, with respect to any Initial Grant, the first meeting of the Board attended by the Non-Employee Director entitled to such Initial Grant that is held on or after the date such Non-Employee Director is elected or appointed for the first time to be a Non-Employee Director.
Initial Board Meeting. : means the initial authorizing meeting of the board of directors of Abenewco1 to discuss any contemplated Material Action, such meeting to include in all instances the Board Observer, provided if a Board Observer has not been appointed by the Commissioner (acting on the instruction of the Simple Majority Noteholders) the Initial Board Meeting shall only be held after the expiration of the Board Observer Lapse Period.
Examples of Initial Board Meeting in a sentence
If there is no valid quorum at such Subsequent Board Meeting and such absence of valid quorum subsists for up to 30 (thirty) minutes after the scheduled time of commencement of such Subsequent Board Meeting, then, the Directors present at such Subsequent Board Meeting shall be deemed to constitute a valid quorum and subject to Clause 5.4(c) below, the Board may proceed to discuss and decide on the matters on the same agenda as the Initial Board Meeting and nothing other than such agenda.