Creditors’ Committee Standing Motion definition

Creditors’ Committee Standing Motion means the Motion of the Official Committee of Unsecured Creditors for Entry of an Order Granting the Committee Standing to Commence and Prosecute an Action on Behalf of the Debtors’ Estates Against U.S. Bank National Association, as Trustee and Collateral Agent for the Prepetition Senior Secured Noteholders, dated May 6, 2016 [Docket No. 882].
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Examples of Creditors’ Committee Standing Motion in a sentence

  • Based in part upon the issues raised by the Creditors’ Committee Standing Motion, the Indenture Trustee and Secured Noteholders have submitted the Title Claim to First American pursuant to the terms of the Lender Title Policies.

  • Additionally, the Debtors determined that even if some value could be realized for non-Zochem general unsecured creditors by prosecution of either the causes of action set forth in the Creditors’ Committee Standing Motion or the Creditors’ Committee D&O Claims, any such value would be (a) highly speculative, (b) subject to litigation risk, and (c) difficult and time consuming to unlock.

  • Pursuant to the Settlement Agreement, the Parties agree to fully and finally resolve the disputes raised in connection with the Chapter 11 Cases, the N.C. Lender Policy, the Deed of Trust, the Creditors’ Committee Standing Motion, the Creditors’ Committee DS Objection and/or the Title Claim, subject to the terms and conditions set forth in the Settlement Agreement (which includes releases and cancelations of title policies as set forth below in moredetail).

  • Members of the Committee shall be appointed by the Board on the recommendation of the Nominating and Governance Committee and may be removed by the Board at any time.

  • The FERC's position to date, along with at least one known blending case (Colonial Pipeline) where the division of blending profits was shared between carrier, blender and shippers is analogous to the 2019 Settlement Agreement.

  • On May 27, 2016, the Creditors’ Committee filed its objection to the Original Disclosure Statement [Docket No. 872] (the “ Creditors’ Committee DS Objection”), whichobjection, among other things, repeated the allegations related to the Deed of Trust set forth in the Creditors’ Committee Standing Motion.

  • As set forth in the Confirmation Brief, the Debtors undertook an independent investigation of the claims or causes of action asserted by the Creditors’ Committee, including pursuant to the Creditors’ Committee Standing Motion and the Creditors’ Committee D&O Claims, which are settled and resolved pursuant to the Global Settlement.

  • As noted above, the Settlement Agreement provides a mechanism for the direct contribution of $3 million which, pursuant to the Second Amended Plan, shall be included in the settlement fund directly benefiting the general unsecured creditors in these cases to resolve outstanding issues with the Creditors’ Committee, including those set forth in the Creditors’ Committee Standing Motion.

  • Following negotiations, the Parties reached a resolution of all matters associated with the Chapter 11 Cases, including the Creditors’ Committee Standing Motion, conditioned, in part, on the Settlement Agreement.

  • As described above, the Settlement Agreement avoids the costs and delay that would be required to litigate all issues between the Parties as well as litigation with the Creditors’ Committee regarding the Second Amended Plan and the Creditors’ Committee Standing Motion.

Related to Creditors’ Committee Standing Motion

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

  • New Board means the board of directors or the board of managers of Reorganized Neiman.

  • DIP Motion means the motion filed by the Debtors seeking entry of the DIP Orders.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Party committee means any committee organized by or authorized by the

  • Statutory Committee means any official committee of unsecured creditors in any of the Chapter 11 Cases pursuant to Section 1102 of the Bankruptcy Code.

  • 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.

  • Bankruptcy Court has the meaning set forth in the Recitals.

  • 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.

  • U.S. Bankruptcy Court means the United States Bankruptcy Court for the Southern District of New York.

  • Administrative Claims Bar Date means the deadline for Filing requests for payment of Administrative Claims, which: (a) with respect to Administrative Claims other than Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to Professional Fee Claims, shall be 45 days after the Effective Date.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, reorganization, or otherwise, in the form of a corporation, limited liability company, partnership, or other form, as the case may be, on and after the Effective Date.

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • New Boards means, collectively: (a) the Reorganized TCEH Board; and (b) the New EFH/EFIH Board.

  • Full Board means the authorized number of voting members of the Board of Education.

  • 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.

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

  • Audit Committee or Committee means Committee of Board of Directors of the Company constituted under provisions of Listing agreement and Companies Act, 2013.

  • Administrative Claim means a Claim for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims in the Chapter 11 Cases; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

  • School board means the governing board of directors of the local school district.

  • Board of Directors or Board means the Board of Directors of Prakash Steelage Limited, as constituted from time to time.

  • Academic Board means the Academic Board of the University College established under paragraph 13;

  • congressional defense committees ’ means the Armed

  • 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.