Examples of Creditors Committees in a sentence
Creditors' Committees are often involved in intensive negotiations involving restructuring, work-outs, recapitalizations and other significant events that would affect the company and are given access to insider information.
Similarly, consent is required for employees to sit on Creditors' Committees.
MCMAHON, JR.ASSISTANT UNITED STATES TRUSTEEOfficial Committee of Unsecured Creditors’ Committee Information Sheet Purpose of Unsecured Creditors' Committees.
The Creditors' Committee's professionals will be limited to attorneys after the Effective Date.
Order Granting Unsecured Creditors Committee's Standing Motions, In re Tribune Co., et al., 08-bk-13141 (Bankr.
On February 14, 2017, the Court entered the Findings of Fact, Conclusions of Law, and Order Approving and Confirming Debtors' and the Creditors' Committee's First Amended Joint Combined Disclosure Statement and Plan of Liquidation Under Chapter 11 of the Bankruptcy Code [Docket No. 1195] (the “Confirmation Order”).
Prior to the Effective Date, the Creditors' Committee's Professionals were required to maintain separate records of expenses for all Daimler Litigation Costs that were to be paid pursuant to the Interim Compensation Order, as well as any applicable orders that may be entered by the Bankruptcy Court.
Absent the Creditors' Committee's negotiation of a $14 million carveout from the Term Lender Parties' Collateral, which carveout constitutes the First Lien Term Lender Contribution, General Unsecured Creditors would only be entitled to residual proceeds from the Unencumbered Assets and any Available Additional DIP Collateral Proceeds.
The Debtors, with the prior written consent of each of the Creditors Committees, reserve the right to alter, amend, modify, revoke or withdraw this Plan or any Plan Document in order to satisfy the requirements of section 1129(b) of the Bankruptcy Code, if necessary.
Army and Air Force psychological operations units communicated a call for surrender to PDF units, “dignity battalions,” and other hostile parties via radio, television, print, and loudspeaker.