Observers definition
Examples of Observers in a sentence
The Observers shall have been appointed in accordance with Section 7.01(p).
The presence of the TCW Observers shall not be taken into account or required for the purposes of establishing a quorum.
The TCW Observers may share the materials received pursuant to the preceding sentence with Affiliates of TCW, for the purposes of such Persons’ interests in the loans to, or equity investment in, the Company, including TCW’s and its Affiliates’ directors, officers, managers, partners, employes, advisors, consultants, accountants and attorneys; provided, however, that such recipients must be subject to confidentiality restrictions no less onerous than those applicable to the TCW Observers.
The Company shall reimburse the TCW Observers for all reasonable and documented out-of-pocket costs and expenses (including travel expenses) incurred in connection with the TCW Observers’ attendance at meetings of the Board.
The TCW Observers shall have the right to attend all meetings of the Board, except as otherwise required by applicable law or Stock Exchange Rules, and may participate in discussions at such meetings at the discretion of the Board.