Examples of Oversight Committee Members in a sentence
For the avoidance of doubt, Plan Oversight Committee Members shall not be entitled to reimbursement of fees and expenses of such Plan Oversight Committee Members’ legal counsel or other professional advisors.
An Oversight Committee Member may resign by giving not less than thirty (30) days prior written notice thereof to the other Oversight Committee Members and Creditor Trustee.
The presence in person of a majority of the Oversight Committee Members shall constitute a quorum for the transaction of business.
Plan Oversight Committee Members shall serve without compensation and shall be entitled to reimbursement of actual, reasonable expenses incurred in the course of discharging their responsibilities as Plan Oversight Committee Members if such expenses have been approved by the Plan Administrator prior to being incurred.
Successor Oversight Committee Members shall be former members of Committee; provided, however, that if no former members of Committee are willing or able to accept appointment as a Successor Oversight Committee Member, any holder of an Allowed Class 2 General Unsecured Claim may be appointed.
If an Oversight Committee Member is removed pursuant to Section 10.2.5 hereof, resigns pursuant to Section 10.2.6 hereof, or otherwise is incapable of serving as an Oversight Committee Member, a Successor Oversight Committee Member shall be appointed by the other Oversight Committee Members.
If a quorum is present, the affirmative vote of a majority of the Oversight Committee Members shall constitute an act of the Oversight Committee.
An Oversight Committee Member may be removed at any time by the written consent of a majority of the Oversight Committee Members.
On or before ten (10) days prior to the commencement of the Confirmation Hearing and subject to Bankruptcy Court approval in connection with Confirmation of this Plan, the Committee, in consultation with the Debtors, may appoint up to two (2) Plan Oversight Committee Members, and the designated Plan Oversight Committee Chairperson, in consultation with the Debtors, may appoint up to one (1) Plan Oversight Committee Member.
The District Budget Oversight Committee Members, the Non- State Actors and members of the electronic and print media that participated in our open budget discussions, deserve our gratitude.