Non-interested director definition

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.

Non-interested director means a director or trustee who is not an interested person.

Non-interested director means a director of Heartland Group who is not an “interested person” of Heartland Group within the meaning of Section 2(a)(19) of the IC Act. Non-Interested Directors are also Heartland Persons and Access Persons.

Examples of Non-interested director in a sentence

• No Non-Interested Director of a Regulated Fund will also be a director, general partner, managing member or principal, or otherwise an “affiliated person” (as defined in the 1940 Act) of an Affiliated Fund.

• No Non-Interested Director (as defined below) of a Regulated Fund will have a financial interest in any Co-Investment Transaction, other than indirectly through share ownership in one of the Regulated Funds.

• On the other hand, it is argued that channelling reduces the incentive of all those persons who, besides the operator, may also have been involved in causing the damage or even have caused it all by themselves to take appropriate care to avoid damage.105 This argument is only valid however if the operator were to have no recourse against those third persons.

• The Company pays each Non-Interested Director $50,000 annually to be paid quarterly in $12,500 increments plus out-of-pocket expenses for their services as directors.

• No Non-Interested Director of a Regulated Fund will also be a director, general partner, managing member or principal, or otherwise an “affiliated person” (as defined in the 1940 Act) of any Affiliated Fund.

More Definitions of Non-interested director

Non-interested director means a director or trustee who is not an interested person as defined in the Investment Company Act.

Non-interested director means, with respect to an Interested Matter, any Director of the Company who is not an Interested Director.

Non-interested director means a Director who is not an Interested Director.

Non-interested director means any member of the Board of Directors of the Corporation who is not the Interested Shareholder or an Affiliate of the Interested

Non-interested director means the Preferred Director and each of the Non-Management Directors.

Non-interested director means a director who is not employed by, or has a material business relationship or professional relationship with, the Fund or the Fund’s investment adviser or underwriter.

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 relationship or professional relationship with, the Fund or the Fund’s investment adviser or underwriter.