Examples of Conseco Creditors Committee in a sentence
The Debtors reserve the right (with the prior consent of the Conseco Creditors Committee) to revoke or withdraw the Plan prior to the Confirmation Date and to file subsequent plans of reorganization.
If any subplan is not confirmed, the Debtors reserve the right, with the prior written consent of the Conseco Creditors Committee, to either (a) request that the other subplans be confirmed or (b) withdraw some or all subplans; provided that (i) the subplan for CIHC may not be confirmed unless the subplan for CNC is confirmed and (ii) the subplan for CNC may not be confirmed unless the subplan for CIHC is confirmed.
As of the Date of the Disclosure Statement, the Conseco Creditors Committee and the Debtors have not agreed on the scope of these provisions, and the Conseco Creditors Committee has advised the Debtors that it is opposed to these provisions in their current form.
After the Confirmation Date, New CNC shall take all reasonable steps to cause the shares of New CNC Preferred Stock, New CNC Common Stock and New CNC Warrants to be listed, as soon as practicable after the Effective Date, on the New York Stock Exchange or such other securities exchange as agreed with the Conseco Creditors Committee, if the listing requirements for such securities exchange are satisfied with respect to such securities.
The members of the Conseco Creditors Committee are The Bank of New York, Bank of America, N.A., Angelo, Gordon & Co., L.P., Appaloosa Mgmt., L.P., HSBC Bank USA, Metropolitan West Asset Management LLC and First Pacific Advisors, Inc.
However, if the Holders opting out of the TOPrS Settlement do not either (i) exceed 2500 in number or (ii) hold in excess of $100 million in value in the aggregate, such withdrawal by the Reorganizing Debtors or the Conseco Creditors' Committee, as the case may be, would have to be approved by the Bankruptcy Court, based upon a business judgment standard.
If any Subplan(s) is not confirmed, then the Debtors reserve the right, with the prior written consent of the Conseco Creditors Committee, to either (a) request that the other Subplans be confirmed or (b) withdraw some or all Subplans; provided that (i) the Subplan for CIHC may not be confirmed unless the Subplan for CNC is confirmed and (ii) the Subplan for CNC may not be confirmed unless the Subplan for CIHC is confirmed.
The Conseco Creditors Committee has not yet agreed to this provision and has advised the Debtors it is opposed to this provision in its current form.
The Conseco Creditors Committee has not yet agreed to this provision and has advised the Debtors that it is opposed to the maintenance of coverage as described above.
The board of directors of New CNC will consist of seven members, including two members from senior management and five outside members selected by the Conseco Creditors Committee.