Restructuring Advisors Clause Samples
The 'Restructuring Advisors' clause defines the appointment and role of professional advisors who assist a company or its stakeholders during a financial restructuring process. Typically, this clause outlines who may engage such advisors, the scope of their authority, and how their fees and expenses will be handled—often specifying whether these costs are borne by the company or shared among stakeholders. Its core practical function is to ensure that all parties have access to expert guidance during complex restructuring negotiations, thereby facilitating informed decision-making and helping to resolve financial distress efficiently.
Restructuring Advisors. Retain PriceWaterhouse Coopers and Lazard Ltd. or such other third party financial restructuring advisors as are reasonably satisfactory to the Administrative Agent in its Permitted Discretion.
Restructuring Advisors. The Borrower and the other Credit Parties shall continue to retain ▇▇▇▇▇▇▇ & Marsal North America, LLC as restructuring advisors or retain such other advisor approved by the Requisite Lenders and on terms and conditions approved by Requisite Lenders until the Credit Parties have substantially consummated a Conforming Plan of Reorganization.
Restructuring Advisors. Borrowers shall continue to retain ▇▇▇▇▇▇ Del Genio ▇▇▇▇▇ & Co., LLC as restructuring advisors or retain such other advisor reasonably acceptable to Agent and on terms and conditions satisfactory to Agent until Borrowers have substantially consummated a plan of reorganization.
Restructuring Advisors. Continue to retain Alvarez & Marsal or such other third party financial restructuri▇▇ ▇▇▇▇sors who shall be hired by the Borrowers and who shall be reasonably satisfactory to the Administrative Agent.