Common use of Successor Claims Administrator Clause in Contracts

Successor Claims Administrator. In the event that the Claims Administrator resigns or is removed from office or is otherwise unable to perform the functions of the Claims Administrator, a successor Claims Administrator shall be selected by the Debtor’s Representatives and the Claimants’ Advisory Committee, subject to approval of the District Court. If the Debtor’s Representatives and the Claimants’ Advisory Committee are unable to agree on a successor Claims Administrator, the Finance Committee shall propose a successor, subject to the approval of the District Court after notice to the Debtor’s Representatives and Claimants’ Advisory Committee and opportunity for a hearing.

Successor Claims Administrator. In the event that the Claims Administrator resigns or is removed from office or is otherwise unable to perform the functions of the Claims Administrator, a successor Claims Administrator shall be selected by the Debtor’s Representatives and the Claimants’ Advisory Committee, subject to approval of the District Court. If the Debtor’s Representatives and the Claimants’ Advisory Committee are unable to agree on a successor Claims Xxxxxx Administrator, the Finance Committee shall propose a successor, subject to the approval of the District Court after notice to the Debtor’s Representatives and Claimants’ Advisory Committee and opportunity for a hearing.