Statutory Committee definition
Examples of Statutory Committee in a sentence
The Debtors shall provide to the Statutory Committee, the U.S. Trustee, and any entity whose rights are directly and adversely affected by a Material Modification five business days advance written notice of each Material Modification.
The Debtors shall provide to the Statutory Committee the same financial statements, reports and other information that the Debtors are required to provide to the DIP Agents and the DIP Lenders pursuant to Section 5.1 of the DIP Credit Agreement as and when the Debtors provide such information to the DIP Agents and the DIP Lenders.
The Statutory Committee has been duly formed pursuant to Section 302A.673, subd.1, and has duly and validly authorized and approved this Agreement, the Merger and the Shareholders Agreement and the consummation of the transactions contemplated by this Agreement and the Shareholders Agreement.
In accordance with Article 18 of the Financial Regulations of the Council of Europe, the Statutory Committee shall examine the financial consequences of the withdrawal and make the appropriate arrangements.
The Secretary General shall immediately inform the member concerned of the consequences for it of its withdrawal and keep the Statutory Committee informed of the outcome.