Chief Transformation Officer. The Parent will at all times from and after the Effective Date engage Xxxx Xxxxxxxxxx or another Person acceptable to the Requisite Lenders as Chief Transformation Officer, which officer shall report to Parent’s chief executive officer and board of directors.
Chief Transformation Officer. Until January 18, 2025 or such later date as may be agreed to by the Company, unless a shorter period is otherwise agreed to among the Company, BEP and NEG, the Company shall have a Chief Transformation Officer reasonably acceptable to each of BEP and the NEG on terms reasonably acceptable to each of BEP and the NEG, who shall, among other things, monitor operations and assist in project delivery for the Company. In the event of the death, disability, retirement, resignation, or removal of the existing Chief Transformation Officer, the NEG shall have the right to designate an individual to fill such vacancy and the Company shall promptly appoint such person to fill such vacancy.
Chief Transformation Officer. Until the one year anniversary of the Closing Date or such later as may be agreed to by the Company, the Company shall have a Chief Transformation Officer reasonably acceptable to each of BEP and the NEG on terms reasonably acceptable to each of BEP and the NEG, who shall, among other things, monitor operations and assist in project delivery for the Company. In the event of the death, disability, retirement, resignation, or removal of the existing Chief Transformation Officer, the NEG shall have the right to designate an individual to fill such vacancy and the Company shall promptly appoint such person to fill such vacancy. The Company shall appoint the initial Chief Transformation Officer effective on the Closing Date.
Chief Transformation Officer. Borrowers shall retain and continue to use at all times during the Forbearance Period, a chief transformation officer reasonably acceptable to the Agent (the “CTO”) (it being acknowledged and agreed that Huron Consulting Group is an acceptable chief transformation officer), pursuant to the terms of an engagement letter in form and substance satisfactory to the Agent and Lenders, which shall in any event include the scope and authority set forth on Exhibit C hereto. The CTO’s responsibilities shall be consistent with the engagement letter and Exhibit C hereto, and the CTO shall report directly to the Special Committee. Such engagement and scope and authority shall remain in full force and effect at all times during the Forbearance Period, and shall not be amended or modified in any respect during the Forbearance Period. Agent and Lenders are authorized to communicate directly with the CTO (including, without limitation, without any Loan Party or any member of the Special Committee being present) regarding all matters directly relating to the services to be rendered by the CTO to Loan Parties, including, without limitation, to discuss all financial reports, business information, findings, recommendations and opinions of the CTO. The CTO shall be authorized and requested by Loan Parties to provide Agent and Lenders with copies of all final reports to the Loan Parties prepared by the CTO.
