Examples of Debtor Designee in a sentence
In the event that the Debtor Designee resigns or a vacancy is created by such member’s death, incapacity, or removal, the Trustee, in his sole and absolute discretion shall designate a successor Debtor Designee.
In addition to the foregoing, the Debtor Designee may not vote on any matters relating to the D&O Causes of Action (as defined in the Circuit City Stores, Inc.
If a Member, other than the Debtor Designee, resigns from the Oversight Committee, a substitute for the resigned Member, if any, shall be nominated as set forth in the Liquidating Trust Agreement and the Oversight Committee shall, by vote of a majority of the remaining Members of the Oversight Committee, determine whether to approve such substitute for the resigned Member.
In the event that Debtor Designee resigns or a vacancy is created by such member’s death, incapacity, or removal, the Trustee shall nominate a person to serve as the successor Debtor Designee to replace the Debtor Designee or fill the vacancy created by such Debtor Designee’s death, incapacity, or removal.
The initial members of the POC shall be as follows: (i) two persons designated by the Official Committee of Unsecured Creditors (the “Committee”) as of the Effective Date (together with their respective successors, the “Committee Designee”) and (ii) two persons designated by the Debtor (together with any successor thereto, the “Debtor Designee”) and (iii) one (1) person designated jointly by the Committee Designee and the Debtor Designee, who shall be Investor Creditor as that term is defined in the Plan.
Investigation and prosecution of D&O Causes of Action will be undertaken by the Oversight Committee (exclusive of the Debtor Designee) and neither the Liquidating Trustee or the Debtor Designee shall have any role or responsibility in connection therewith.
The initial members of the Post-Confirmation Committee shall be comprised of three members -- one member from the Creditors' Committee (the "Committee Designee"), one member from the Debtor (the "Debtor Designee"), and one member from ICC (the "ICC Designee" and together with the Committee Designee and Debtor Designee, the "Post-Confirmation Committee").
Han filed her Motion to Vacate Appointment of Michael Schuett as Debtor Designee (the “Motion to Vacate Appointment of Debtor-Designee”) seeking to remove the Receiver as the Debtor-Designee [Dkt.
The Oversight Committee must at all times include a Debtor Designee.
If the Debtor Designee resigns from the Oversight Committee, a substitute for the resigned Debtor Designee shall be nominated, approved and appointed as set forth in the Liquidating Trust Agreement without approval by the Oversight Committee.