Examples of Reorganized LINN Board in a sentence
Decisions of the Reorganized LINN Board will be made by a majority of the Reorganized LINN Board.
Notwithstanding the foregoing, at or prior to such time as Reorganized LINN, or any subsidiary or newly created entity holding assets, directly or indirectly, of Reorganized LINN, seeks to issue any equity security in a registered offering that results in such equity being listed on the NYSE or NASDAQ, the Reorganized LINN Board shall be constituted to meet the applicable independence requirements of NYSE or NASDAQ, as applicable.
The initial directors of the Reorganized LINN Board and the initial directors of the Reorganized Berry Board are set forth in the Plan Supplement.
As of the Effective Date, the Reorganized LINN Board shall consist of seven directors and will include: (1) the current Chief Executive Officer of LINN; (2) one director selected by Reorganized LINN; and (3) five directors to be selected by a six-person committee comprised of the five largest Consenting LINN Noteholders (as determined pursuant to Section 4 of the LINN RSA) and the current Chief Executive Officer of LINN.
As of the Effective Date, the terms of the directors, and the initial Reorganized LINN Board shall be constituted and will include: (1) the current Chief Executive Officer of LINN;(2) one director selected by Reorganized LINN; and (3) five directors to be selected by a six person committee comprised of the five largest LINN Consenting Noteholders (as determined pursuant to Section 4 of the LINN RSA) and the current Chief Executive Officer of LINN.
Decisions of the Reorganized LINN Board will be made by a majority of the Reorganized LINN Board of directors.
The Reorganized LINN Employee Incentive Plan shall be authorized and implemented on the Effective Date by the applicable Reorganized LINN Debtors without any further action by the Reorganized LINN Board or the Bankruptcy Court.
As of the Effective Date, the term of the current members of the board of directors or managers, as applicable, of the LINN Debtors shall expire, and the initial Reorganized LINN Board and the boards of directors or managers of each of the other Reorganized LINN Debtors will include those directors set forth in the list of directors to Reorganized LINN included in the Plan Supplement.
As of the Effective Date, the terms of the current members of the boards of directors or managers, as applicable, of each of the LINN Debtors shall expire, and the Reorganized LINN Board, and the boards of directors or managers of each of the other Reorganized LINN Debtors will include those directors set forth in the list of directors of the Reorganized LINN Debtors included in the Plan Supplement.
The selection of the Reorganized LINN Board and the Reorganized Berry Board, to the extent not known, will bedetermined in accordance with the New Organizational Documents for the LINN Debtors and the New Organizational Documents for the Berry Debtors, as applicable, which is consistent with the interests of creditors and equity holders and public policy.