Ad Hoc Committee definition

Ad Hoc Committee means a special purpose committee of limited duration, appointed by Council to consider a specific matter and which is dissolved automatically upon submitting its final report to Council, unless otherwise directed by Council.

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Ad Hoc Committee has the meaning set out in the LTD DOCA;

Ad Hoc Committee means the informal ad hoc committee of creditors from time to time formed for the purposes of considering and negotiating the Restructuring, which as at date of the Revised Administrators' Proposal comprises of: (i) Abu Dhabi Commercial Bank, (ii) Abu Dhabi Islamic Bank, (iii) Barclays Bank PLC, (iv) Emirates Islamic Bank PJSC, (v) Marathon Asset Management, LP, (vi) Mizuho Bank, Ltd, (vii) Sculptor Capital LP, and (viii) Silver Point Capital, L.P.;

Examples of Ad Hoc Committee in a sentence

• In addition, a Person that owns or controls Senior Notes Claims may become a party hereto as a Consenting Senior Noteholder by executing and delivering to counsel to the Company Parties and counsel to Ad Hoc Committee a Joinder, in which event such Person shall be deemed to be a Consenting Senior Noteholder hereunder to the extent of the Senior Notes Claims owned and controlled by such Person.

• This Restructuring Term Sheet is subject in all respects to the terms of the RSA and the negotiation, execution and delivery of the Definitive Documents, each of which shall be consistent with the RSA and acceptable to the Ad Hoc Committee (as defined in the RSA).

• On the Sale Transaction Effective Date, the Ad Hoc Committee shall provide a new money exit facility upon the terms and conditions set forth herein and such other terms and conditions acceptable to the Required Consenting Senior Noteholders (the “New Money Exit Facility”).

• Overview § On the Sale Transaction Effective Date, the members of the Ad Hoc Committee shall provide NewCo with additional new money loans (“New Money Exit Loans”) in an amount to be determined by the Ad Hoc Committee, on terms similar to the Take Back Debt Facility (the “New Money Exit Facility”, and together with the Take Back Facility, the “Exit Facility”) the proceeds of which shall be used in accordance with a “sources and uses” approved in writing by the Ad Hoc Committee.

• General § The members of the Ad Hoc Committee shall provide a $50 million Bridge Facility to the Company Parties, in the form of a pari passu senior secured multiple draw term loan facility, in accordance with the Approved Budget and the terms and conditions set forth in the Bride Facility Term Sheet and such other terms and conditions acceptable to the Required Consenting Senior Noteholders.

More Definitions of Ad Hoc Committee

Ad Hoc Committee means a committee created by Council with a defined ending, to report directly to Council on a specific matter.

Ad Hoc Committee means a committee with a specific mandate of a limited nature, which meets as necessary to provide recommendations to Council and which is disbanded following the completion of the mandate;

Ad Hoc Committee means the Ad Hoc Committee of Local Councils of the Boy Scouts of America.

Ad Hoc Committee means a special purpose Committee of limited duration, created by Council to inquire into and report on a particular matter or concern and which dissolves automatically upon submitting its final report unless otherwise directed by Council. (comité ad hoc)

Ad Hoc Committee means a committee, sub-committee or similar entity of which at least 50 per cent of the members are also members of Council, appointed by Council to review and report on a specific issue. Once the final report is delivered and a resolution of the Council is adopted concerning the specific issue, the Ad Hoc Committee is automatically dissolved.

Ad Hoc Committee means a committee established for a specific time frame and purpose;

Ad Hoc Committee means a committee appointed by Council from time to time, to act on a temporary or singular issue and shall be discontinued by Council when their recommendations upon the specified initiative or matter have been provided and dealt with by Members of Council and further recommendations are no longer required.