Pool Term definition
Examples of Pool Term in a sentence
During the Pool Term a Pool committee (the “Pool Committee”) may be established by the Board of Directors of PPMH, in its sole and absolute discretion, and be comprised of not less than two independent and non-Pooled Shareholder directors and/or officers of PPMH.
In this regard the within Power of Attorney for the Pooled Shareholder shall be effective from the Effective Date of this Agreement and shall continue in full force and effect until the end of the Pool Term.
Each of the Pooled Shareholders hereby acknowledges that this Agreement is binding for all purposes in consideration of such and that the terms hereof may not be changed and the Pool may not be challenged without the prior written consent of at least such number of Pooled Shareholders who hold, from time to time during the Pool Term, not less than sixty percent (60%) of the Pooled Shares remaining in Pool.
In this regard the within Power of Attorney for each particular Pooled Shareholder shall be effective from the Effective Date of this Agreement and shall continue in full force and effect until the end of the Pool Term.