New Holdco Board definition

New Holdco Board means the board of directors of New HoldCo, and the board of directors and the board of managers of the other Reorganized Debtors, as applicable, on and after the Effective Date.
Sample 1Sample 2
New Holdco Board means the board of directors of New Holdco as initially comprised as set forth in this Plan and as comprised thereafter in accordance with the terms of the applicable New Holdco Governance Documents.
Sample 1Sample 2
New Holdco Board means the initial board of managers of New Holdco, as appointed pursuant to Article V.I.
Sample 1Sample 2

Examples of New Holdco Board in a sentence

  • For so long as DB, or following a TRS Termination, ECP, owns (directly or indirectly) at least 8% of the Pro Forma Equity, it shall be entitled to designate one individual to serve on the New Holdco Board.

  • For so long as Angelo Gordon owns (directly or indirectly) at least 24% of the Pro Forma Equity, Angelo Gordon will be entitled to designate three individuals to serve on the New Holdco Board.

  • For so long as Angelo Gordon owns (directly or indirectly) less than 16% of the Pro Forma Equity but at least 8% of the Pro Forma Equity, Angelo Gordon shall be entitled to nominate one individual to serve on the New Holdco Board.

  • For so long as Angelo Gordon owns (directly or indirectly) less than 24% of the Pro Forma Equity but at least 16% of the Pro Forma Equity, Angelo Gordon shall be entitled to nominate two individuals to serve on the New Holdco Board.

  • The New Holdco Board shall consist of seven (7) initial members appointed as follows on the Effective Date: (i) three Angelo Gordon Managers appointed by Angelo Gordon; (ii) one Solus Manager appointed by Solus, which director will initially be Christopher Pucillo; (iii) one ECP Manager appointed by DB or ECP, as the case may be; (iv) one Equity-Holder Seat manager appointed by the Majority Equity Holders; and (v) the CEO Manager.

  • For so long as Solus owns (directly or indirectly) at least 8% of the Pro Forma Equity, Solus shall be entitled to designate one individual to serve on the New Holdco Board.

  • Any modification to the terms of Management Incentive Compensation earned after the Effective Date shall be determined by the compensation committee of the New Holdco Board within ninety (90) days of the Effective Date.

  • In the event that the CEO Manager for any reason ceases to serve as a member of the New Holdco Board (including as a result of ceasing to be Reorganized MACH Gen’s chief executive officer), the CEO Manager board seat shall remain vacant until Reorganized MACH Gen’s chief executive officer is next appointed by the New Board.

  • Except as described below and Article V.I.1.d of the Plan, in the event that any Designated Manager for any reason ceases to serve as a member of the New Holdco Board, the resulting vacancy on the New Holdco Board shall be filled by a person designated by the party who designated such Designated Manager.

  • The terms of any Management Incentive Plan shall be disclosed in the Plan Supplement (or left to the determination by the New Holdco Board following the Effective Date) and shall be reasonably acceptable to the Debtors, the Committee, and the Requisite Supporting Parties to the extent disclosed in the Plan Supplement.


More Definitions of New Holdco Board

New Holdco Board means the Board of Directors of New Holdco after the Second Merger Effective Time.
Sample 1Sample 2
New Holdco Board means the Board of Directors of New HoldCo established in accordance with the New Organizational Documents. The New HoldCo Board will consist of (i) the Reorganized Debtors’ chief executive officer and (ii) the other directors selected by the Required Consenting Lenders. To the extent known with respect to such directors, information required to be disclosed in accordance with section 1129(a)(5) of the Bankruptcy Code shall be disclosed in the Plan Supplement.
Sample 1Sample 2
New Holdco Board means the board of managers of New HoldCo.
Sample 1
New Holdco Board means the board of directors of New Holdco on and from the
Sample 1

Related to New Holdco Board

  • New Holdings shall have the meaning provided in the definition of the term “Holdings”.

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

  • Sub-Committee means a committee of a committee created by the Board.

  • Governing board means the Fund's Board of Directors if the Fund is a corporation or the Fund's Board of Trustees if the Fund is a trust, or, where duly authorized, a competent committee thereof.

  • 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.