Disinterested Members definition

Disinterested Members shall have the meaning set forth in Section 1.05.

Disinterested Members when used with respect to the Trust has the meaning set forth in the Code of Regulations of the Trust and, when used with respect to the Corporation, has the meaning set forth in the By-Laws of the Corporation, in each case as amended from time to time.

Disinterested Members has the meaning set forth in Section 3.3(a).

Examples of Disinterested Members in a sentence

• Applicantsnote that the Boards, including amajority of the Disinterested Members, found that participation in theReorganization is in the best interests of each Fund and that the interests of the existing shareholders of each Fund will not be diluted as a result of theReorganization.

• If and upon terms and conditions approved by the Disinterested Members (as defined below) of Maker’s Board of Directors and execution of definitive documents mutually agreed upon by the parties, Holder shall have the right the convert the then outstanding principal and accrued interest due to Holder under this Note into the common stock, par value $0.001 per share, of Twinlab Consolidated Holdings, Inc.; provided, however, that upon such a conversion the “Warrant” (as defined below) shall be cancelled.

• If there are no Disinterested Members of the governing body, or if the Disinterested Members of the governing body so direct, by independent legal counsel in a written opinion.

• Continuing education credit hours for renewal certificates must relate to the National Association of School Psychologists (NASP) Professional Practices.[Statutory Authority: Chapter 28A.410 RCW.

• Each Fund’s Lending Agreement with BGI will be reviewed at least annually and will be approved for continuation only if a majority of the Board (including a majority of the Disinterested Members) makes the findings referred to in paragraph (a) above.

More Definitions of Disinterested Members

Disinterested Members has the meaning set forth in the By-Laws of the Corporation, as amended from time to time.

Disinterested Members when used with respect to the

Disinterested Members means, with respect to any consent which is being sought under clause (x)(ii), those Members other than (a) the Member seeking the consent and (b) any Affiliates of such Member. For the avoidance of doubt, this clause 11 shall not apply to or prevent any Member or any of its Affiliates issuing equity interests in such Member or its Affiliates to non-Affiliates subject always to clause 11.10. Further and for the avoidance of doubt, (notwithstanding clause 11.10), this clause 11 shall not apply to or prevent (i) any pledge of securities or other assets (but excluding any Interests or Units) of any Member to Financial Institutions (as defined in the Contribution Agreement) in connection with bona fide financing transactions or (ii) any transfer of such securities or other assets following any foreclosure or similar action with respect to such securities or other assets. INITIAL PERIOD

Disinterested Members shall have the meaning set forth in Section 1.04. "Events of Default" shall have the meaning set forth in Section 2.01.

Disinterested Members has the meaning set forth in Section 7.1(a).

Disinterested Members mean members of the board of directors of the Borrower who are not employed by the Borrower or any Affiliate thereof.

Disinterested Members mean members of the Board of Directors who are not employed by the Company or any Affiliate thereof and who are not related to Xxxxxxx X. Xxxxx.