Examples of New Constituent Documents in a sentence
Commencing on the Effective Date, each of the directors of each of the Reorganized Debtors shall serve pursuant to the terms of the applicable New Constituent Documents of such Reorganized Debtor and may be replaced or removed in accordance with such organizational documents.
On the Effective Date, or as soon thereafter as reasonably practicable, Reorganized Verso Corporation shall issue or cause to be issued the Plan Warrants to Holders of Allowed Verso First Lien Claims in accordance with the terms of this Plan and the New Constituent Documents without the need of any further corporate or equity holder action.
Notwithstanding anything contained in the Plan to the contrary, the foregoing release does not release (x) acts of fraud, gross negligence, or willful misconduct; or (y) any obligations of any party under the Plan or any document, instrument, or agreement (including those set forth in the Exit ABL Agreement, Exit Term Loan Agreement, the New Constituent Documents, and the Plan Supplement) executed to implement the Plan.
On the Effective Date, or as soon thereafter as reasonably practicable, Reorganized Verso Corporation shall issue or cause to be issued the New Common Stock for distribution in accordance with the terms of the Plan and the New Constituent Documents without the need of any further corporate or equity holder action.
Notwithstanding anything contained herein to the contrary, the foregoing release does not release (i) acts of fraud, gross negligence, or willful misconduct; or (ii) any obligations of any party under the Plan or any document, instrument, or agreement (including those set forth in the Exit ABL Agreement, Exit Term Loan Agreement, the New Constituent Documents, and the Plan Supplement) executed to implement the Plan.
Notwithstanding anything contained herein to the contrary, the foregoing release does not release (i) acts of fraud, gross negligence, or willful misconduct; or (ii) any obligations of any party under the Plan or any document, instrument, or agreement (including those set forth in the Exit ABL Agreement, the Exit Term Loan Agreement, the New Constituent Documents, and the Plan Supplement) executed to implement the Plan.
As of the Effective Date, the term of the current members of the board of directors of the applicable Debtors shall expire, and the initial boards of directors and the officers of each of the Reorganized Debtors, as identified in the Plan Supplement, shall be appointed in accordance with the respective New Constituent Documents.
Notwithstanding anything contained in the Plan to the contrary, the foregoing release does not release (x) acts of fraud, gross negligence, or willful misconduct; or (y) any obligations of any party under the Plan or any document, instrument, or agreement (including those set forth in the Exit ABL Agreement, the Exit Term Loan Agreement, the New Constituent Documents, and the Plan Supplement) executed to implement the Plan.
The classification and composition of each Reorganized Subsidiary Debtor’s Board of Directors shall be consistent with the applicable New Constituent Documents and applicable non-bankruptcy law, and shall be subject to the reasonable consent of the Steering Committee and the Requisite Plan Support Parties.
As of the Effective Date, the term of the current members of the board of directors of the applicable Debtors shall expire, and the initial boards of directors and the officers of each of the Reorganized Debtors shall be appointed in accordance with the respective New Constituent Documents.