New Cumulus Board definition

New Cumulus Board means the initial board of directors of Reorganized Cumulus on the Effective Date, as set forth in the Plan Supplement, the selection of which shall be consistent in all material respects with the Restructuring Term Sheet.
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Examples of New Cumulus Board in a sentence

  • Pursuant to section 1129(a)(5) of the Bankruptcy Code, the Debtors will disclose in the Plan Supplement the identity and affiliations of any Person proposed to serve on the initial New Cumulus Board and the New Subsidiary Boards, as well as those Persons that will serve as an officer of any of the Reorganized Debtors.

  • The New Cumulus Board shall be composed of seven members, which shall consist of Reorganized Cumulus’ President and Chief Executive Officer and six directors chosen by the Term Lender Group on the terms set forth in the Restructuring Support Agreement.

  • The initial term of the New Cumulus Board will be through the date of the 2019 annual meeting of Cumulus.

  • The initial directors of the New Cumulus Board as of the Effective Date shall be set forth in the Plan Supplement.

  • In accordance with the Management Incentive Plan, 9.25% of the New Common Stock, on a fully diluted basis, shall be reserved to grant equity awards to senior management employees and 0.75% of the New Common Stock, on a fully diluted basis, shall be reserved to grant equity awards to members of the New Cumulus Board.

  • As of the Effective Date, the term of the current members of the boards of directors of each Debtor shall expire, and the New Cumulus Board and the New Subsidiary Boards, as well as the officers of each of the Reorganized Debtors, shall be appointed in accordance with the New Certificates of Incorporation and New By- Laws of each Reorganized Debtor.

  • As of the Effective Date, the term of the current members of the boards of directors of each Debtor shall expire, and the New Cumulus Board and the New Subsidiary Boards, as well as the officers of each of the Reorganized Debtors, shall be appointed in accordance with the New Certificates of Incorporation and New By-Laws of each Reorganized Debtor.

  • The appointment of the New Cumulus Board and New Subsidiary Boards, as well as the election of the executive teams of the Reorganized Debtors, are consistent with the interests of creditors and equity security holders and comply with public policy with respect to the manner of selection of the Reorganized Debtors’ officers and directors, and accordingly, satisfies section 1123(a)(7) of the Bankruptcy Code.119 Abbot Decl.

Related to New Cumulus Board

  • Parent Board means the board of directors of Parent.

  • Company Board means the Board of Directors of the Company.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Company Board of Directors means the board of directors of the Company.

  • Transition Committee shall have the meaning set forth in Section 2.14.

  • Bank Board means the Board of Directors of the Bank.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Independent Board Committee means the independent board committee of the Company

  • Board Committee means those individual Directors who have been appointed by the Board of Directors with the powers and responsibilities specified in Article V and to which has been delegated any fiduciary responsibilities of the Board of Directors with respect to the Plan.

  • Executive Board means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the commission.

  • Board of Directors or Board means the Board of Directors of Betex India Limited, as constituted from time to time.

  • Medical Board means the North Carolina Medical Board.

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 116;

  • Mid-Span Meet means an Interconnection between two (2) networks, designated by two (2) Telecommunications Carriers, whereby each provides its own cable and equipment up to the Meet Point of the cable facilities. “Mid-Span Meet POI” A Mid-Span Meet POI is a negotiated Point of Interface, limited to the Interconnection of facilities between the CenturyLink Serving Wire Center location and the location of the CLEC switch or other equipment located within the area served by the CenturyLink Serving Wire Center.

  • College board means the state board for community and

  • Compensation Committee means the Compensation Committee of the Board.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Parent Board Recommendation has the meaning set forth in Section 5.12(a).

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • the Board means the board of directors of the Company;

  • Regional Committee means the regional committee on school

  • Board or Board of Directors means the Board of Directors of the Company.

  • (1) BOARD.—The term Board’ means the

  • Conflicts Committee is defined in the Partnership Agreement.

  • National Board means the National Board of Boiler and Pressure Vessel Inspectors, (NB) 1055 Crupper Avenue, Columbus, Ohio 43229, whose membership is composed of the Chief Boiler Inspectors of jurisdictions who are charged with the enforcement of the provisions of the ASME Code.