Examples of Informal Committee in a sentence
The Committee may amend the terms of any Award theretofore granted, prospectively or retroactively, with the approval of the Informal Committee Designee, but, subject to Section 5 of the Plan, no such amendment shall impair the rights of any Participant without his or her consent.
Both prior to and after the Petition Date, the Debtors Professionals and the Informal Committee Professionals shall continue to cooperate with one another, and the Debtors shall pay such Informal Committee Professionals in accordance with existing procedures and compensation agreements.
The Consenting Noteholders agree to direct and instruct the Informal Committee (or the Official Noteholders Committee, as the case may be) and the Indenture Trustee and their professionals to support such a plan before the Bankruptcy Court.
To the extent there is disagreement between Senior Management, the Debtors and the Informal Committee (or the Official Noteholder Committee, as the case may be) with respect to the value of any component of Distributable Cash, the amount of Distributable Cash shall be determined by the Bankruptcy Court.
The Informal Committee shall have the right to participate with the Debtors in negotiations with potential purchasers of the assets and/or stock of the Operating Companies.