Special Bankruptcy Committee definition

Special Bankruptcy Committee means a committee (a) comprising all the Independent Directors and no other Directors, and (b) constituted for the purpose of acting, and having the authority of the Board to the extent permitted by the DGCL, with respect to the matters described in Section 4.14.
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Examples of Special Bankruptcy Committee in a sentence

  • The unanimous affirmative vote of all members of the Special Bankruptcy Committee shall be necessary for the passage of any resolution or act of such Committee.

  • The Debtor organized a Special Bankruptcy Committee, including Mr. Richard Sherman, a member of the Debtor's Board of Directors, Mr. Gregory Kowal, one of the petitioning creditors and Richard Propper, a representative of Chardan Ventures, the Debtor-in-Possession's financier.

  • To the extent permitted by the DGCL and as provided by Section 4.14 of the Stockholders’ Agreement, prior to exercising its authority with respect to any Bankruptcy Event (as defined in the Stockholders’ Agreement), the Board shall designate a Special Bankruptcy Committee (a) to be composed of all the Independent Directors (as defined in the Stockholders’ Agreement) and no other directors, and (b) for the purpose of acting, and having the authority of the Board, with respect to Bankruptcy Events.

Related to Special Bankruptcy Committee

  • Creditors’ Committee means the statutory committee of unsecured creditors appointed in the Chapter 11 Cases pursuant to section 1102 of the Bankruptcy Code.

  • 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.

  • Supervisory Committee means the Comisión Fiscalizadora of the Company.

  • Statutory Committee means a committee struck as a requirement of government legislation;

  • Advisory Committee means the Employer's Advisory Committee as from time to time constituted.

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

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

  • CSR Committee means the Corporate Social Responsibility Committee of the Board referred to in section 135 of the Act.

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

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • Selection Committee means a committee of individual(s) who evaluate and rank proposals; conduct negotiations; and makes a contract award recommendation to the District and its respective Committees.

  • Appeal Committee means the appeal committee established by the Council in terms of section 12(3)(a);

  • 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.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Finance Committee means the Finance Committee of the University;

  • Enforcement Committee means a committee consisting of representatives of the Settling States and of the Participating Subdivisions. Exhibit B contains the organizational bylaws of the Enforcement Committee. Notice pursuant to subsection XVI.P shall be provided when there are changes in membership or contact information.

  • Oversight Committee means the committee established to monitor the overall implementation of the Canada-Ontario-AMO-Toronto Agreement.

  • Ad Hoc Committee means a special purpose committee of limited duration, appointed by Council to consider a specific matter and which is dissolved automatically upon submitting its final report to Council, unless otherwise directed by Council.

  • Managing Committee means the individual or the body of individuals entrusted or charged with the management and administration of a private educational institution and where a society, trust, or an association manages more than one such institution, includes the managing committee of each such institution;