Common use of Chief Restructuring Officer Clause in Contracts

Chief Restructuring Officer. Maintain at all times (other than as a result of not being approved by the Bankruptcy Court), a chief restructuring officer acceptable to the Required Lenders (it being understood that Xxxxx Xxxx of Mackinac Partners is acceptable to Required Lenders) with responsibilities reasonably satisfactory to the Required Lenders.

Appears in 2 contracts

Samples: Senior Secured Superpriority Debtor in Possession Term Loan Agreement (Colt Finance Corp.), Term Loan Agreement (Colt Finance Corp.)

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Chief Restructuring Officer. Maintain at all times (other than as a result of not being approved by the Bankruptcy Court), a chief restructuring officer acceptable to the Required Lenders (it being understood that Xxxxx Xxxx of Mackinac Partners is acceptable to Required Lendersacceptable) with responsibilities reasonably satisfactory to the Required Lenders.

Appears in 2 contracts

Samples: Senior Secured Debtor in Possession Credit Agreement (Colt Finance Corp.), Credit Agreement (Colt Finance Corp.)

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