Litigation Trust Oversight Committee definition

Litigation Trust Oversight Committee means a three-person committee with the role, responsibilities, and authority relating to the Litigation Trust and the Litigation Trust Assets set forth in the Litigation Trust Agreement and Sections 5.2(b) and 5.16 of the Plan, which shall initially be comprised of: (a) a member appointed by the Creditors’ Committee; (b) a member appointed by the First Lien Lender Group; and (c) Mr. Neal Goldman.
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Litigation Trust Oversight Committee means the committee formed pursuant to Article VI.C of the Plan to, among other things, select the Litigation Trustee, oversee the Fuse Litigation Trust, the work of the Litigation Trustee and the prosecution of the Litigation Claims.
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Litigation Trust Oversight Committee means the committee appointed pursuant to Section III.C.3 of this Plan to oversee the activities of the Litigation Trust and the Litigation Trustee.
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Examples of Litigation Trust Oversight Committee in a sentence

  • The duties and powers of the Litigation Trust Oversight Committee shall terminate upon the final resolution of the Litigation Claims and the final distribution of all proceeds in accordance with the terms of the Litigation Trust Agreement.

  • The Litigation Trust Oversight Committee shall be authorized to retain and employ Professionals to assist it with and advise it with respect to its duties under the Plan.

  • The Fuse Litigation Trust shall be dissolved as soon as practicable after the date that is the earlier to occur of: (a) the distribution of all proceeds from the Litigation Claims available for distribution pursuant to the Plan, or (b) the determination of the Litigation Trust Oversight Committee that the continued prosecution of the Litigation Claims is not likely to yield sufficient additional proceeds to justify further pursuit.

  • The identity of the members of the Litigation Trust Oversight Committee shall be disclosed in accordance with Section 1129(a)(5) of the Bankruptcy Code.

  • In the event the Reorganized Debtors fail to honor a Litigation Trust Loan draw installment when due, such failure shall be deemed to be an automatic exercise of the Termination Right (as defined below) without the consent of the member the Creditors’ Committee appointed to the Litigation Trust Oversight Committee.

  • The Litigation Trust Oversight Committee shall be comprised of five (5) members with each of the Supporting Noteholders designating one member to serve on the Litigation Trust Oversight Committee.

  • The Litigation Trust Oversight Committee shall be responsible for all decisions and duties with respect to the Litigation Trust and the Litigation Trust Assets, except as otherwise provided in the Litigation Trust Agreement.

  • The Litigation Trust Oversight Committee shall oversee the Fuse Litigation Trust and the Litigation Trustee.

  • The Litigation Trust Oversight Committee shall have the right to terminate the Litigation Trust, when it determines, in its sole discretion, that the pursuit of additional Litigation Trust Causes of Action is not likely to yield sufficient additional proceeds to justify further pursuit of such claims (the “Termination Right”).

  • In the event the Litigation Trustee dies, is terminated or resigns for any reason, the Litigation Trust Oversight Committee shall designate a successor.


More Definitions of Litigation Trust Oversight Committee

Litigation Trust Oversight Committee means the committee established pursuant to the Litigation Trust Agreement that shall oversee the activity of the Litigation Trust. The Litigation Trust Oversight Committee shall consist initially of (a) Douglas Woodrum, (b) Ned Sherwood, (c) a designee of Columbia Pacific Opportunity Fund, L.P., one of the DIP Lenders, and (d) Fir Tree Capital Opportunity Master Fund, LP, Fir Tree Value Master Fund, L.P., and MRMP Managers, LLC, the other DIP Lenders.
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Litigation Trust Oversight Committee means the three member committee appointed upon the Effective Date pursuant to the Litigation Trust Agreement, two of which members shall be appointed by the Required Supporting Noteholders and one of which shall be a member of the Creditors’ Oversight Committee.
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Litigation Trust Oversight Committee means three (3) Persons identified in the Plan Supplement that shall provide oversight and direction to the Litigation Trustee in accordance with the terms of the Litigation Trust Agreement.
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Litigation Trust Oversight Committee means a committee comprised of three (3) individuals, two (2) of whom shall be appointed by the Creditors’ Committee, and one (1) of whom shall be appointed by the Required Tranche B DIP Lenders, or the Reorganized Debtors (as applicable), and whose members shall not be entitled to receive a salary in connection with service on such committee. If one of the two Creditors’ Committee-appointed members resigns, then the other Creditors’ Committee-appointed member may choose his/her replacement. If the Required Tranche B DIP Lenders/Reorganized Debtors-appointed member resigns, then the Required Tranche B DIP Lenders or the Reorganized Debtors (as applicable) may choose his/her replacement.
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Litigation Trust Oversight Committee means a committee comprised
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Related to Litigation Trust Oversight Committee

  • Oversight Committee means the committee established to monitor the overall implementation of the Canada-Ontario-AMO-Toronto Agreement.

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Regulatory Oversight Committee means the committee of the Board constituted in accordance with Rule 204.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Hearing Committee means the committee appointed pursuant to this Plan to hear a request for an evidentiary hearing that has been properly filed and pursued by a practitioner.

  • Advisory Committee means the Employer's Advisory Committee as from time to time constituted.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Managing Committee means the individual or the body of individuals entrusted or charged with the management and administration of a private educational institution and where a society, trust, or an association manages more than one such institution, includes the managing committee of each such institution;

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • 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.

  • Independent Committee means a committee of the board of directors of the General Partner made up of directors that are “independent” of Brookfield and its Affiliates, as contemplated by applicable securities Laws;

  • Appeals Committee means a Committee or Tribunal duly appointed by by-law to conduct hearings under this by-law;

  • OPSI Advisory Committee means the committee established under Tariff, Attachment M, section III.G.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Retirement Committee means a committee consisting of the Company’s Vice President of Human Resources, the Director of HR Operations and the Compensation & Benefits Manager.

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

  • P&T committee means a committee of the hospital composed of physicians, pharmacists, and other health professionals that evaluates the clinical use of drugs within the hospital, develops policies for managing drug use and administration in the hospital, and manages the hospital drug formulary system. “Physician” means a person who is currently licensed in Iowa to practice medicine and surgery, osteopathic medicine and surgery, or osteopathy. A physician who executes a written protocol with an authorized pharmacist shall supervise the pharmacist’s activities involved in the overall management of patients receiving medications or disease management services under the protocol. The physician may

  • Joint Remediation Committee has the meaning set forth in Section II.A.2.

  • Sub-Committee means a committee of a committee created by the board.

  • Joint Committee means the committee established under Article 19 [Joint Committee];

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Operating Committee means the Operating Committee of Epoch which meets frequently and is responsible for implementing the Company’s strategy, making operational decisions and overseeing the day-to-day running of the Company.