Wind Down Officer definition

Wind Down Officer means the Plan Administration Trustee, who shall be vested with the all powers of the officer of the Wind-Down Debtors, and any successor thereto in accordance with the Plan.
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Wind Down Officer means the person or entity selected by the Committee who is the designated representative of the Wind Down Debtors on and after the Effective Date and charged with overseeing the tasks outlined in Article VIII of this Combined Disclosure Statement and Plan and the Wind Down Agreement; provided that the Wind Down Officer and the Liquidating Trustee shall be the same Person.
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Wind Down Officer means, the person or entity selected by the Debtors, subject to the consent of the Reserve Bank, and in consultation with the United States Department of Justice, Small Business Administration, and CRB, who, (i) in the event that the Wind Down Estate does not take the form of a liquidating trust, is charged with overseeing the tasks outlined in Section 5.4 of this Plan, or
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Examples of Wind Down Officer in a sentence

  • Effective as of the CEO Appointment Date and for the remainder of the Term, Executive shall cease to serve as the Company’s Chief Wind Down Officer and shall replace ▇▇.

  • The Liquidation Trustee shall make such distributions as provided in this Agreement, the Plan, the Confirmation Order or the CCAA Approval Order and shall, together with the Chief Wind Down Officer of the Reorganized Debtors, be responsible for arranging to pay any Class Settlement Litigation Proceeds which may become due to the Lead Plaintiff pursuant to the Plan.

  • In addition to his position as Chairman of the Board, for which he will be provided no additional compensation, during the period commencing on the Effective Date and ending on the CEO Appointment Date, Executive shall serve as the Company’s Chief Wind Down Officer and shall be responsible for managing the wind down of the Company including, without limitation, the disposition of the Company’s assets and any other administrative matters required in furtherance of the final dissolution of the Company.


More Definitions of Wind Down Officer

Wind Down Officer means Susan D. Watson as ordered by the Bankruptcy Court in an order dated June 25, 2010 [D.I. 1163].
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Wind Down Officer means the person or entity selected by the Committee who is the designated representative of the Wind Down Debtors on and after the Effective Date and charged with overseeing
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