Independent Board Members definition

Independent Board Members means those members of the Board that have been determined by the Board to be independent in accordance with Nasdaq Marketplace Rule 5605(a)(2).
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Independent Board Members means those members of the Board that have been determined by the Board to be independent in accordance with the applicable Nasdaq listing requirements.
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Independent Board Members has the meaning specified in Section 6.21(a).
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Examples of Independent Board Members in a sentence

  • The selection of such counsel will be within the discretion of the then-existing Independent Board Members.

  • Section 15(c) requires that the Sub-Advisory Agreement be approved by the vote of a majority of the Independent Board Members cast at an in-person meeting.

  • Each Investment Management Agreement will be approved by the Board, including a majority of the Independent Board Members, and by the shareholders of the relevant Subadvised Series in the manner required by Sections 15(a) and 15(c) of the 1940 Act and, if applicable, Rule 18f-2 thereunder.

  • The Independent Board Members will approve the Sub-Adviser Change at a non-in-person meeting in which Board members may participate by any means of communication that allows those Board members participating to hear each other simultaneously during the meeting.

  • If the requested relief is granted, the Adviser would be permitted to implement a Sub-Adviser Change related to a Subadvised Series that was approved by the Board, including a majority of the Independent Board Members, at a non-in-person meeting.


More Definitions of Independent Board Members

Independent Board Members shall have the meaning set forth in Section 8.4(c)(i).
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Independent Board Members means those members of the Board that have been determined by the Board to be independent in accordance with the New York Stock Exchange listing standards.
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Independent Board Members means those members of the Board that have been determined by the Board to be independent in accordance with Rule 303A.02 of the NYSE.
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Independent Board Members means Board Members who are not in the active
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Independent Board Members means the BOARD MEMBERS who are not employed by nor have a financial interest in the SPONSOR;
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Independent Board Members means Board Members who are not in the active employment or service of,
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Independent Board Members means those members of the Board that were not elected to the Board as designees of the Holder (or of any series of Preferred Stock of which the Holder holds securities), as described in the Stockholders’ Agreement, and who are not otherwise Affiliates of the Holder; provided, however, that for purposes of the definition of “Total Consideration” below, the determination of “Independent Board Members” shall be made with respect to the Majority Holders that deliver a Dispute Notice pursuant to Section 3(c) of this Warrant instead of the Holder as described above in this definition.
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