Outside Director Sample Clauses

Outside Director. “Outside Director” means a “non-employee directorof the Company, as defined in Rule 16b-3.
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Outside Director. (a) Without the authorization and direction of its Outside Director (as defined below), no Borrower shall: institute proceedings for itself to be adjudicated bankrupt or insolvent; consent to the institution of a bankruptcy or insolvency proceeding against it; file a petition seeking, or consent to, reorganization or relief under any applicable federal or state law relating to bankruptcy; consent to the appointment of a receiver, liquidator, assignee, trustee, sequestration (or other similar official) for itself or a substantial part of its property; make any assignment for the benefit of creditors; or admit in writing its inability to pay its debts generally as they become due; or admit in writing its ability to pay its debts generally as they become due.
Outside Director. “Outside Director” means a “non-employee director” of EnLink Manager, as defined in Rule 16b-3.
Outside Director. With respect to the one (1) remaining member of the Company’s Board of Directors that the Restated Certificate provides is to be elected by the holders of Common Stock and Preferred Stock, voting together as a single class and on an as-converted basis, each Investor and each Common Holder hereby agrees to vote all of such Investor’s or Common Holder’s shares of Capital Stock, now owned or hereafter acquired, in favor of the designee nominated by a majority of the Common Director, the CEO Director, the Series A Directors, the Series B Director and the Series E Director, who shall initially be Xxx Xxxxx (the “Outside Director”).
Outside Director. Any Director or Officer or any employee of the Company who is or was acting or will act in the capacity as a Director or Officer of an Outside Company at the Company´s specific direction and request.
Outside Director. (i) each of Carbiz USA, Carbiz Auto, Carbiz LLC, Carbiz AQ shall have modified its charter documents to provide for the election of an Outside Director as required by Section 6.8 hereof and (ii) Houston Auto shall have elected an Outside Director as required by Section 6.8 hereof and such Outsider Director shall have accepted such election.
Outside Director. The term “Outside Director” shall have the meaning given to such term is Section 6.8.
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Outside Director. Carbiz AQ shall have modified its charter documents to provide for the election of an Outside Director as required by Section 6.8 hereof.
Outside Director. The holders of Series A Preferred Stock and the holders of Common Stock shall vote together as a single class to elect the independent outside Board representative.
Outside Director. The Outside Director shall serve until his successor is elected and qualified or until his earlier resignation or removal. The Outside Director may be removed during his term of office, with or without cause, only at the direction of (i) a majority of the Board of Directors and (ii) the holders of at least a majority in interest (as determined by the aggregate number of votes held directly and through the Voting Trustee in accordance with the Voting Trust Agreement) of the issued and outstanding shares of Preferred Stock, Special Voting Stock and Common Stock, voting together as a single class and on an as-converted basis, or by written consent of the holders of at least a majority in interest (as determined by the aggregate number of votes held directly and through the Voting Trustee in accordance with the Voting Trust) of the issued and outstanding Preferred Stock, Special Voting Stock and Common Stock. Any vacancy in the office of the Outside Director may be filled at the direction of (i) and (ii) above in accordance with Section 2.2(e) hereto.
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