Ad Hoc Counsel definition
Examples of Ad Hoc Counsel in a sentence
The Company will (x) provide to the Lead Investors, their respective counsel and the Ad Hoc Counsel a copy of the Ford Agreement and a reasonable opportunity to review and comment on such documents prior to such documents being executed or delivered or filed with the Bankruptcy Court, and (y) consider, in good faith, any comments consistent with this Agreement, and any other reasonable comments of Requisite Investors, their respective counsel and the Ad Hoc Counsel.
Notwithstanding the foregoing, the Debtors shall use reasonable best efforts to cooperate with the Ad Hoc Counsel to provide the Investors and their Representatives (including the Ad Hoc Counsel) with information subject to any common interest agreements or privilege between the Debtors and the Investors.
The Company shall keep the Lead Investors and the Ad Hoc Counsel informed, on a reasonably prompt basis, of the status and material terms of any such proposals or offers and the status of any material developments in respect of any such discussions or negotiations.
All Material Contracts (i) have been made available to the Investors or the Ad Hoc Counsel for review, (ii) are included in the Company SEC Documents, or (iii) are included in the reports, schedules, forms, statements and other documents (including exhibits and other information incorporated therein) filed with the SEC prior to December 31, 2012.
The Company has made available to the Investors or the Ad Hoc Counsel for review complete and correct copies of all such performance bonds, letters of credit and instruments.
To the extent that the UK Pensions Regulator issues any notices and/or directions and/or orders as set out in clauses (A) through (F) of Section 5.21(b)(xviii) during the Pre-Closing Period, the Company shall notify the Investors promptly and shall cooperate by allowing the counsel for the Lead Investors and the Ad Hoc Counsel an opportunity to review and comment on the preparation of any responses to, or inquiries with, the UK Pensions Regulator regarding any such notices and/or directions and/or orders.
The Company shall host weekly calls with the Investors and advisors to the Investors (including the Ad Hoc Counsel) at which the Company’s management will provide updates with regard to the Debtors’ business and any developments, including a discussion of, among other things, any proposed or existing Material Expense Contracts or Material Revenue Contracts.
Neither any waiver by the DIP Lenders of their right to receive the Financial Reports nor any amendment or termination of the DIP Credit Agreement shall affect the Company’s obligation to deliver the Financial Reports to GLCA/Sagent Advisors and the Ad Hoc Counsel in accordance with the terms of this Agreement and the DIP Credit Agreement (as in effect on the date hereof).
The Debtors shall, and shall cause their Subsidiaries to, provide the Ad Hoc Group and their respective Representatives (including the Ad Hoc Counsel) with information necessary in order for the Ad Hoc Group to meaningfully participate in making such determinations.
From and after the Effective Date, during any time that the Company is not subject to the periodic reporting requirement under Section 13(a) or 15(d) of the Exchange Act, the Company shall deliver the Financial Reports to GLCA/Sagent Advisors and the Ad Hoc Counsel as if the DIP Credit Facility was still in effect (whether or not it actually is in effect).