Authority to Operate Business on Behalf of Reorganized ASARCO Sample Clauses

Authority to Operate Business on Behalf of Reorganized ASARCO. The Plan Administrator shall have authority to operate the business of Reorganized ASARCO as contemplated by this Administration Agreement, the Plan, the Confirmation Order, or other order of the Bankruptcy Court. The Plan Administrator shall consult with, and obtain the approval of, the Plan Administration Committee as necessary or as required by the terms of this Administration Agreement. The Plan Administrator or the Plan Administrator’s designee shall serve as presiding officer and sole director of Reorganized ASARCO (unless and until additional officers and directors are appointed) and is empowered to make all determinations with respect to employment of any other directors, officers and employees of Reorganized ASARCO on and after the Effective Date.
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