Initial Directors definition

Initial Directors shall have the meaning set forth in Section 2.1(a).

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Initial Directors means the First Directors named in the Letters Patent of the Association;

Initial Directors has the meaning set forth in Section 2.3(b).

Examples of Initial Directors in a sentence

• When the Initial Directors cease for any reason to constitute at least a majority of the Board.

• Initial Directors Effective as of the Closing Date, the Board will initially be made up of seven directors, to include: one member of senior management, four directors chosen by the Supporting Holders, one director chosen by Whitebox and one director chosen by Blue Mountain.

• These Bylaws may be amended by the Initial Directors at any time prior to the first annual meeting of the membership.

• The chairman of the Initial Board shall be one of the “independent” Initial Directors, and the selection of the chairman shall be subject to the consent of the Second Priority Noteholders Committee and the other creditors or shareholders having appointment rights.

• As provided by Section 6.1, the Initial Board shall be comprised of seven (7) Initial Directors and at all times from and after the closing of the Initial Public Offering the composition of the Board of Directors shall consist of at least a majority of Independent Directors.

More Definitions of Initial Directors

Initial Directors shall have the meaning set forth in Section 4.1 of this Agreement.

Initial Directors means, collectively, the Initial Harris Directors and Initial Stratex Directors.

Initial Directors has the meaning ascribed to such term in Section 3.1(c)(i)(A).

Initial Directors shall have the meaning set forth in Article IV.Q.3 hereof.

Initial Directors means the directors of the Foundation and of the Society appointed by the members of the Foundation and of the Society respectively, within 90 days of the execution of this Agreement;

Initial Directors means, collectively, the Initial H▇▇▇▇▇ Directors and Initial Stratex Directors.

Initial Directors means those Directors identified in Section 3.2, subsection (b) of the Restated Certificate and Article III, Section (1)(a)(ii) of these Bylaws.