Required Directors definition

Required Directors has the meaning assigned to such term in Section 2.5(a).
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Required Directors means a majority of the Board of Directors (excluding for this purpose, the Independent Director, except with respect to Section 6.4(e)(xvii), to the extent such Independent Director has been elected pursuant to Section 6.4(a)) of the Company.
Sample 1
Required Directors means at least one KKR Group Designee, one Carlyle Group Designee and one Providence Group Designee.
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Examples of Required Directors in a sentence

  • Prior to an Initial Public Offering, at all meetings of the board of directors, one-third of the total number of directors then in office, including the Required Directors, shall be necessary to constitute a quorum for the transaction of business.

  • Unless otherwise provided in the certificate of incorporation or these bylaws, (with the consent of the Required Directors with respect to any amendment to section 2.5(b) of these bylaws (or any successor provision)), the board of directors shall have power to adopt, amend, or repeal the bylaws at any regular or special meeting of the board.

  • Unless otherwise provided by Law or this Agreement, the presence of Directors constituting a majority of the voting authority of the whole Board of Directors, including the Required Directors, shall be necessary to constitute a quorum for the transaction of business.

  • CoverageLimit of Liability Required Directors and Officers Liability$1 million $5 Million DIRECTORS AND OFFICERS LIABILITY Please answer the below if you have selected to take Directors and Officers in Question 7.

  • Unless otherwise provided by Law or this Agreement, the presence of Directors constituting a majority of the voting authority of the whole Board of Directors, including the Required Directors, shall be necessary to constitute a quorum for the transaction of business; provided, however, that any Required Director may waive, in writing, his or her presence to constitute a quorum.

  • Vote Required Directors will be elected by a plurality of the votes cast by the holders of our common stock voting in person or by proxy at the annual meeting.

  • CoverageLimit of Liability Required Directors and Officers Liability$1 million $5 Million DIRECTORS AND OFFICERS LIABILITYPlease answer the below if you have selected to take Directors and Officers in Question 7.

  • Votes Required Directors are elected by a plurality vote of the shares present in person or represented by proxy at the Annual Meeting, meaning that the director nominee with the most affirmative votes for a particular slot is elected for that slot.

  • COMPANY Signature: /s/Paul Fxxxxxx By: Paul Fxxxxxx Xxxxe: President Address: 140 Ioxx Xxxx Suite 101 Cary, NC 27511 Email: Paul@Fxxxxxxxxx.xxx Xxxxe: (919) 000-0000 Xxxximile: ___________________________________________________ JSJ Investments Inc.

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More Definitions of Required Directors

Required Directors means a majority of the directors of the Company including Xxxx X. Xxxx or an individual designated by Xxxx X. Xxxx to replace him on the board of directors.
Sample 1
Required Directors means that number of directors of the Company's Board of Directors equal to the quotient obtained by dividing (x) five times the number of directors constituting all directors at the time of such determination by (y) seven, and, if such quotient is not a whole number, rounding such quotient up to the nearest whole number so that, for example, if the number of all directors on the board is seven, the number of Required Directors would be five, and if the number of all directors is nine, the number of Required Directors would be seven.
Sample 1
Required Directors means (i) prior to a Board Reduction, all directors of the Company and (ii) on and after a Board Reduction (at any time following the Conversion of the Class A Note), a majority of the Board of Directors, in any such case, excluding the Independent Director, except with respect to Section 6.4(e)(xviii).
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Required Directors is defined in the JV Agreement.
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Required Directors has the meaning set forth in Section 2.3(a).
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Required Directors means a majority of the Board of Directors (excluding for this purpose, the Independent Director, except with respect to Section 6.4(e)(xvii)) of the Company provided such majority includes (i) prior to a Board Reduction, at least one director appointed by the Class A Members and (ii) on and after a Board Reduction, the Permanent Class B Member Director.
Sample 1

Related to Required Directors

  • Preferred Directors means, collectively, the Series A Directors and the Series B Director.

  • Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include:

  • Preferred Director means any director of the Company that the holders of record of the Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Elected Director means a person elected as an elected director in accordance with these bylaws or elected or appointed as a replacement director for an elected director;

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Appointed Director means a person appointed in accordance with these bylaws as an appointed director or appointed as a replacement director for an appointed director;

  • Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • Interested Director means a director or trustee of an investment company who is an interested person within the meaning of Section 2(a)(19) of the Act. A “Disinterested Director” is a director who is not an interested person under Section 2(a)(19) of the Act.

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

  • Unaffiliated Director means, for purposes of this Code, a director or honorary director of the Fund who is not a director, officer or employee of the Adviser or an affiliate thereof.

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Qualified Director means a person who, at the time action is to be taken under:

  • Investor Directors means Investor Nominees who are elected or appointed to serve as members of the Board in accordance with this Agreement.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Company Board of Directors means the board of directors of the Company.

  • Continuing Directors means, as of any date of determination, any member of the Board of Directors of the Company who (1) was a member of such Board of Directors on the date of the issuance of the Securities; or (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as a director).

  • Non-interested director means a director who is not an “interested director” of a fund and who is not employed by, or has a material business or professional relationship with, the fund or the fund’s investment adviser or underwriter. See Section 2(a)(19) of the Investment Company Act of 1940 for more information.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by him in a professional capacity; and

  • Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.

  • Series B Director means any director of the Company that the holders of record of the Series B Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Series A Directors means the directors of the Company that have been solely designated by the holders of record of the Series A Preferred Stock pursuant to the Certificate of Incorporation, the Stockholders Agreement or otherwise.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Incumbent Directors means directors who either (A) are directors of the Company as of the date hereof, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); or