Examples of Non-interested director in a sentence
No Non-Interested Director of a Regulated Fund will also be a director, general partner, managing member or principal, or otherwise an “affiliated person” (as defined in the 1940 Act) of an Affiliated Fund.
No Non-Interested Director (as defined below) of a Regulated Fund will have a financial interest in any Co-Investment Transaction, other than indirectly through share ownership in one of the Regulated Funds.
On the other hand, it is argued that channelling reduces the incentive of all those persons who, besides the operator, may also have been involved in causing the damage or even have caused it all by themselves to take appropriate care to avoid damage.105 This argument is only valid however if the operator were to have no recourse against those third persons.
The Company pays each Non-Interested Director $50,000 annually to be paid quarterly in $12,500 increments plus out-of-pocket expenses for their services as directors.
No Non-Interested Director of a Regulated Fund will also be a director, general partner, managing member or principal, or otherwise an “affiliated person” (as defined in the 1940 Act) of any Affiliated Fund.