Examples of Noteholder Committee in a sentence
The current Board will determine one of the nominees to the New Board, provided that such nominee is an Independent Director and is acceptable to the Initial Backstop Parties and the Additional Noteholder Committee.
Of the remaining six directors, five will be acceptable to HBK Master Fund L.P. and Tricap Partners II L.P., and one will be acceptable to the Additional Noteholder Committee.
McCollum, the chief executive officer of the Debtors, and six (6) of whom will be designated by the Ad Hoc Noteholder Committee (in consultation with Mark A.
The selection of the remaining seven directors shall be shall be undertaken by representatives selected by the Noteholder Committee (the "Noteholders’ Representatives") and representatives selected by the current Board of Tembec Inc.
Such right of consultation shall not confer any right of consent, satisfaction or approval upon the Additional Noteholder Committee except as otherwise agreed to in the Backstop Commitment.