The New Board. Subject to any requirement of Bankruptcy Court approval pursuant to section 1129(a)(5) of the Bankruptcy Code, the number and identity of the members of the New Board shall be selected and approved by the Requisite Consenting Holders, with the constitution of the New Board of the Reorganized Debtor to be identified in the Plan Supplement prior to the Combined Hearing. After the Effective Date, the New Organizational Documents, as each may be amended thereafter from time to time, shall govern the designation and election of directors.
Appears in 5 contracts
Samples: Royalty Right Agreement (Bracebridge Capital, LLC), Master Transaction Agreement (Quotient LTD), Master Transaction Agreement (Honeywell Capital Management LLC)
