Special Director Approval definition

Special Director Approval means approval by a majority of the Independent Directors.
Sample 1Sample 2Sample 3
Special Director Approval means approval by a majority of the Independent Directors. “Special LP Approval” means approval by the vote of the holders of a majority of the voting power of Outstanding Voting Units (excluding Voting Units owned by the Partnership, the General Partner and Persons they control).
Sample 1Sample 2Sample 3
Special Director Approval means in the case of a vote, resolution or consent of Directors, one passed or given by Directors who comprise more than 70% of the total number of Directors eligible to vote. Special Shareholder Approval means in the case of a vote, resolution or consent of Shareholders, one passed or given by Shareholders who together hold more than 80% of the Share Capital.
Sample 1

Examples of Special Director Approval in a sentence

  • Title to any or all of the Partnership assets may be held in the name of the Partnership, the General Partner, one or more of its Affiliates, or with Special Director Approval, one or more nominees, as the General Partner may determine.

  • Failure to seek Special Director Approval or Special LP Approval shall not be deemed to indicate that a conflict of interest exists or that Special Director Approval or Special LP Approval could not have been obtained.

  • The General Partner shall be authorized but not required in connection with its resolution of such conflict of interest to seek Special Director Approval or Special LP Approval of such resolution, and the General Partner may also adopt a resolution or course of action that has not received Special Director Approval or Special LP Approval.

  • This is unusual and means that a Special Director Approval requires 5 out of 6 directors, irrespective of whether only 4 attend, and/or vote at the meeting in question.

  • Unless expressly permitted by this agreement, a party may only assign this agreement or a right under this agreement with the prior written consent of a Special Director Approval.

  • In the event of any inconsistency between the provisions of the Constitution and this agreement, the provisions of this agreement will prevail to the extent of the inconsistency and if required by Special Director Approval, the Shareholders shall take all required steps to amend the Constitution.

Related to Special Director Approval

  • Board Approval has the meaning set out in Section 2.2(a)(ii);

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

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

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

  • Regional Director means the Regional Director of the Southwestern Region of the Ministry;

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Registry Operator Approval means the receipt of each of the following: (A) the affirmative approval of the Applicable Registry Operators whose payments to ICANN accounted for two-­‐thirds of the total amount of fees (converted to U.S. dollars, if applicable, at the prevailing exchange rate published the prior day in the U.S. Edition of the Wall Street Journal for the date such calculation is made by ICANN) paid to ICANN by all the Applicable Registry Operators during the immediately previous calendar year pursuant to the Applicable Registry Agreements, and (B) the affirmative approval of a majority of the Applicable Registry Operators at the time such approval is obtained. For the avoidance of doubt, with respect to clause (B), each Applicable Registry Operator shall have one vote for each top-­‐level domain operated by such Registry Operator pursuant to an Applicable Registry Agreement.

  • Requisite Shareholder Approval shall have the meaning set forth in Section 4.3(a).

  • Prior Approval means written ap- proval by an authorized official evi- dencing prior consent.

  • College board means the state board for community and

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

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Regional Board means a California regional water quality control board.

  • Governing board means the Fund's Board of Directors if the Fund is a corporation or the Fund's Board of Trustees if the Fund is a trust, or, where duly authorized, a competent committee thereof.

  • Executive Directors means a person appointed as director directly accountable to the municipal manager.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • Parent Board means the board of directors of Parent.

  • Stockholder Approval has the meaning set forth in Section 4.5.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Management Board means the management board of the Company.

  • Requisite Stockholder Approval means the affirmative vote of the holders of a majority of that company’s issued and outstanding shares entitled to vote on the Merger actually voting in favor of this Agreement and the Merger.

  • Project Board means an advertisement displaying information with regard to the relevant contractor(s) and / or consultant(s) involved in the construction project and displayed on the construction site.

  • Full Board means the authorized number of voting members of the Board of Education.

  • 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.

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

  • Board of Directors or Board means the Board of Directors of Betex India Limited, as constituted from time to time.