Common use of Claimants’ Advisory Committee Clause in Contracts

Claimants’ Advisory Committee. The Special Master shall appoint a Claimants’ Advisory Committee consisting of three (3) members to fulfill the functions described herein and in the Litigation Facility Agreement, the Funding Payment Agreement, and other Plan Documents. Notwithstanding this provision, if prior to the Effective Date the Special Master reasonably concludes that additional members of the Claimants’ Advisory Committee are necessary for the Claimants’ Advisory Committee to fulfill these duties, the Special Master has discretion to appoint up to a total of five (5) members, of which additional members at least one shall be a non-U.S. Claimant (or their attorney or other representative). No member of the Claimants’ Advisory Committee may be a bankruptcy lawyer.

Claimants’ Advisory Committee. The Special Master shall appoint a Claimants’ Advisory Committee consisting of three (3) members to fulfill the functions described herein and in the Litigation Facility Agreement, Agreement and the Funding Payment Agreement, and other Plan Documents. Notwithstanding this provision, if prior to the Effective Date the Special Master reasonably concludes that additional members of the Claimants’ Advisory Committee are necessary in order for the Claimants’ Advisory Committee to fulfill these duties, the Special Master has discretion to appoint up to a total of five (5) members, of which additional members at least one shall be a non-U.S. Claimant (or their attorney or other representative). No member of the Claimants’ Advisory Committee may be a bankruptcy lawyer.