Common use of Purpose and Function Clause in Contracts

Purpose and Function. (i) The Debtor’s Representatives and the Claimants’ Advisory Committee shall attend and participate in the meetings of the Finance Committee as specified at Section 4.08(g). (ii) The Debtor’s Representatives and the Claimants’ Advisory Committee shall be authorized to participate in proceedings in the MDL 926 Court and/or meetings with the MDL 926 Claims Administrator related to the functions, procedures and operations of the MDL 926 Claims Office and the Revised Settlement Program. The Tort Claimants’ Committee or the Claimants’ Advisory Committee (as appropriate) and Dow Corning or the Reorganized Dow Corning shall seek any necessary orders permitting the Debtor’s Representatives and the Claimants’ Advisory Committee to participate in such MDL proceedings. (iii) The Debtor’s Representatives and the Claimants’ Advisory Committee shall be authorized to advise and assist the Settlement Facility, Claims Administrator, Finance Committee, Litigation Facility, Financial Advisor, and Independent Assessor regarding all matters of mutual concern and as further specified herein or in the Litigation Facility Agreement or in any other Plan Documents. (iv) The Debtor’s Representatives and the Claimants’ Advisory Committee shall be provided with copies of all reports, projections, motions, pleadings, or other similar documents concerning the activities of the Settlement Facility. (v) The Claimants’ Advisory Committee and/or the Debtor’s Representatives may file a motion or take any other appropriate actions to enforce or be heard in respect of the obligations in the Plan and in any Plan Document.

Appears in 4 contracts

Samples: Settlement Facility and Fund Distribution Agreement, Settlement Facility and Fund Distribution Agreement, Settlement Facility and Fund Distribution Agreement

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Purpose and Function. (i) The Debtor’s Representatives and the Claimants’ Advisory Committee shall attend and participate in the meetings of the Finance Committee as specified at Section 4.08(g)4.07. (ii) The Debtor’s Representatives and the Claimants’ Advisory Committee shall be authorized to participate in proceedings in the MDL 926 Court and/or meetings with the MDL 926 Claims Administrator related to the functions, procedures and operations of the MDL 926 Claims Office and the Revised Settlement Program. The Tort Claimants’ Committee or the Claimants’ Advisory Committee (as appropriate) and Dow Corning or the Reorganized Dow Corning shall seek any necessary orders permitting the Debtor’s Representatives and the Claimants’ Advisory Committee to participate in such MDL proceedings. (iii) The Debtor’s Representatives and the Claimants’ Advisory Committee shall be authorized to advise and assist the Settlement Facility, the Claims Administrator, the Finance Committee, Committee and the Litigation Facility, Financial Advisor, and Independent Assessor Facility regarding all matters of mutual concern and as further specified herein or in the Litigation Facility Agreement or in any other Plan DocumentsAgreement. (iv) The Debtor’s Representatives and the Claimants’ Advisory Committee shall be provided with copies of all reports, projections, motions, pleadings, or other similar documents concerning the activities of the Settlement Facility. (v) The Claimants’ Advisory Committee and/or the Debtor’s Representatives may file a motion or take any other appropriate actions to enforce or be heard in respect of the obligations in the Plan Plan, the Funding Payment Agreement, the Settlement Facility Agreement, including Annex A thereto and in any Plan Documentthe Depository Trust Agreement.

Appears in 1 contract

Samples: Settlement Facility and Fund Distribution Agreement

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