New Parent Board definition

New Parent Board means the initial board of directors of New Parent, as determined pursuant to Article IV.I.
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New Parent Board means the initial board of directors of New Parent, as
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New Parent Board means the board of directors of New Parent as it may be comprised from time to time;
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Examples of New Parent Board in a sentence

  • As of the Effective Date, the terms of the current members of the board of directors of the Debtors shall expire, and the initial boards of directors, including the New Parent Board, and the officers of each of the Reorganized Debtors shall be appointed in accordance with the respective governance documents for the New Parent Company and the Updated Governance Documents, as applicable.

  • Control of the New Parent Company will be vested in the New Parent Board, who will manage and govern the affairs of the New Parent Company.

  • On the Effective Date, the New Parent Board shall be established, and the Reorganized Debtors shall adopt their Updated Governance Documents.

  • The initial New Parent Board shall consist of five (5) members, consisting of Charles T.

  • Unless otherwise provided in the Plan and subject to approval by the New Parent Board, all employee wages, compensation, and benefit programs in place as of the Effective Date with the Debtors shall be assumed by the Reorganized Debtors and shall remain in place as of the Effective Date, and the Reorganized Debtors will continue to honor such agreements, arrangements, programs, and plans.

  • The Confirmation Order shall authorize and require the New Parent Board to adopt and enter into the Management Incentive Plan, on the terms and conditions set forth in the MIP Term Sheet.

  • After the Effective Date, the New Parent Company will negotiate in good faith to implement a Management Incentive Plan; provided that such Management Incentive Plan shall be subject to the approval of the New Parent Board.

  • To the extent known, the initial New Parent Board shall be disclosed in the Plan Supplement.

  • The New Parent Board will be comprised of seven (7) directors, with such directors initially being as follows upon the Effective Date: (a) four (4) directors designated and appointed by the Term Loan Agent; (b) one (1) director designated and appointed by AG Energy Funding, LLC; (c) one (1) director designated and appointed by MSD Credit Opportunity Fund, L.P.; and (d) one (1) independent director.

  • In accordance with section 1129(a)(5) of the Bankruptcy Code, the identities and affiliations of the members of the New Parent Board and any Person proposed to serve as an officer of the Reorganized Debtors shall be disclosed at or before the Confirmation Hearing, in each case to the extent the identity of such proposed director or officer is known at such time.


More Definitions of New Parent Board

New Parent Board has the meaning set forth in the recitals of this Agreement.
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New Parent Board has the meaning ascribed to such term in the Recitals.
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New Parent Board means the Board of Directors of New Parent.
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New Parent Board has the meaning set forth in Section 2.9(d).
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New Parent Board has the meaning set forth in the recitals.
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Related to New Parent Board

  • Parent Board means the board of directors of Parent.

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

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • Company Board of Directors 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.

  • Merger Sub Board means the board of directors of Merger Sub.

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

  • joint board means the Townsville-Thuringowa Water Supply Joint Board.

  • 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.

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

  • 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.

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

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.

  • Management Board means the management board of the Company.

  • Guarantor’s Board of Directors means, with respect to any Guarantor, either the board of directors of such Guarantor or any duly authorized committee of that board.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • External Directors means as defined in the Companies Law.

  • Company Board Recommendation has the meaning set forth in Section 3.03(d).

  • 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.

  • Equity Committee means the official committee of equity security holders, appointed pursuant to section 1102 of the Bankruptcy Code by the U.S. Trustee on March 13, 2009.

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Local board means a school board, public utility, commission, transportation commission, public library board, board of park management, local board of health, board of commissioners of police, planning board, or any other board, commission, committee, body or local authority established or exercising any power or authority under any general or special Act with respect to any of the affairs or purposes, including school purposes, of the municipality or any part or parts thereof;

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

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

  • MergerSub has the meaning set forth in the preamble hereto.