Restructuring Advisor; Financial Advisor Clause Samples
The 'Restructuring Advisor; Financial Advisor' clause designates the appointment and role of professional advisors to assist a company during financial restructuring or related transactions. Typically, this clause outlines the authority, responsibilities, and scope of work for these advisors, such as providing strategic financial advice, negotiating with creditors, or preparing restructuring plans. Its core function is to ensure that the company has expert guidance during complex financial processes, thereby increasing the likelihood of a successful restructuring and protecting the interests of stakeholders.
Restructuring Advisor; Financial Advisor. Retain at all times (i) a restructuring advisor and (ii) a financial advisor that, in each case, has substantial experience and expertise advising chapter 11 debtors-in-possession in large and complex bankruptcy cases (it being understood that ▇▇▇▇▇▇▇ & Marsal and Lazard are advisors described in this clause (g)); provided that any failure to comply with this Section 5.01(g) shall not be deemed to have occurred so long as the Loan Parties shall have filed a motion with the Bankruptcy Court to retain a replacement advisor within 10 days of such failure.
Restructuring Advisor; Financial Advisor. Retain at all times (i) a restructuring advisor and (ii) a financial advisor that, in each case, has substantial experience and expertise advising Chapter 11 debtors-in-possession in large and complex bankruptcy cases; provided that the Loan Parties shall be permitted to replace any such advisor with any another advisor satisfying the requirements of this subsection (g) and shall be permitted a period a time (not to exceed 10 Business Days) to file an application with the Bankruptcy Court to employ such replacement advisor.
Restructuring Advisor; Financial Advisor. Retain at all times (i) a restructuring advisor and (ii) a financial advisor that, in each case, has substantial experience and expertise advising Chapter 11 debtors-in-possession in large and complex bankruptcy cases (in each case, reasonably satisfactory to Agent); provided that the Credit Parties shall be permitted to replace any such advisor with any another advisor satisfying the requirements of this Section and shall be permitted a period a time (not to exceed 10 Business Days) to file an application with either Bankruptcy Court to employ such replacement advisor. It being understood that Rothschild Inc. and Conway, DelGenio, ▇▇▇▇▇ & Co, LLC shall be sufficient advisors for purposes of this Section. LEGAL_US_E # 82813718.8