Governance Term Sheet definition

Governance Term Sheet means the Governance Term Sheet attached as Exhibit F to the Restructuring Support Agreement.

Governance Term Sheet means that certain Governance Term Sheet, dated as of March 8, 2021, by and among the Principals and AAM, providing for certain agreements with respect to the governance and capitalization of the Corporation and granting certain rights of the Principals with respect to the Corporation.

Governance Term Sheet means the term sheet attached to the Restructuring Support Agreement as Annex 4 setting forth the terms of certain agreements related to the corporate governance of the Reorganized Debtors.

Examples of Governance Term Sheet in a sentence

• On the Effective Date, the New Board shall be established, and the Reorganized Debtors shall adopt their New Organizational Documents, which shall be consistent with the Governance Term Sheet.

• In addition, transfers of the New Common Stock and New Membership Interests shall be subject to the transfer restrictions set forth in the Governance Term Sheet.

• For the avoidance of doubt, the New Organizational Documents shall be consistent with the Governance Term Sheet.

• If the Debtors determine pursuant to this provision that Reorganized Halcón Parent will not continue to be a reporting company under the Exchange Act following December 31, 2019, the Debtors shall file the Governance Term Sheet.

• On the Effective Date, or as soon thereafter as is reasonably practicable, the Reorganized Debtors’ certificates of incorporation and bylaws (and other formation and constituent documents relating to limited liability companies) shall be amended or amended and restated, as applicable, as may be required to be consistent with the provisions of the Plan, the Restructuring Support Agreement (including the Governance Term Sheet) the New Organizational Documents, as applicable, and the Bankruptcy Code.

More Definitions of Governance Term Sheet

Governance Term Sheet means the term sheet, attached as Exhibit G to the Disclosure Statement, setting forth the material terms and conditions of the New Organizational Documents and the Registration Rights Agreement.

Governance Term Sheet means the term sheet attached to the Restructuring Term Sheet as Exhibit 4, which shall be subject to the consent rights of the Required RSA Parties on the terms set forth in the Restructuring Support Agreement.

Governance Term Sheet means the term sheet included in the Plan Supplement setting forth the terms of certain agreements related to the corporate governance of the Reorganized Debtors.

Governance Term Sheet has the meaning set forth in the Recitals to this Agreement.

Governance Term Sheet means the Governance Term Sheet attached as Exhibit F to the

Governance Term Sheet means that term sheet describing the material terms of the New LLC Agreement and the Registration Rights Agreement, appended as Exhibit E to the Restructuring Support Agreement.

Governance Term Sheet means the term sheet setting forth the preliminary material terms in respect of the corporate governance of Reorganized Parent, which Governance Term Sheet will be filed with the Plan Supplement; provided that such term sheet shall contain customary minority shareholder rights.