Operator’s Board of Directors Sample Clauses

The 'Operator’s Board of Directors' clause defines the composition, powers, and responsibilities of the board that governs the operator entity. Typically, this clause outlines how directors are appointed or removed, the frequency and procedures for board meetings, and the scope of decisions requiring board approval, such as major expenditures or strategic changes. By establishing clear governance structures and decision-making authority, this clause ensures effective oversight and accountability within the operator, helping to prevent mismanagement and align the operator’s actions with the interests of stakeholders.
Operator’s Board of Directors. Operator represents that a true and accurate list of its current directors (“Directors”) has been provided to IPS prior to the execution of this Agreement. If there is any change to the Directors during the Term of this Agreement, Operator shall provide notice to IPS of the change within thirty (30) days.
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Operator’s Board of Directors. Operator represents that a true and accurate list of the current members of its Board of Directors (“Board”) has been provided to IPS prior to the execution of this Agreement. If there is any change to the membership of the Board during the Term of this Agreement, Operator shall provide notice to IPS on same schedule as provided to the Authorizer.
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Related to Operator’s Board of Directors

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the rules promulgated thereunder (the “▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.