Examples of Initial Plan Sponsors in a sentence
The Debtors shall only be required to serve this Stipulation and Order on: (a) the U.S. Trustee for the Southern District of Texas; (b) advisors to the Committee; (c) counsel to the Initial Plan Sponsors; (d) counsel to the ABL Lenders; (e) Winston & Strawn LLP, as counsel to Black Diamond; and (f) any party that has requested notice pursuant to Bankruptcy Rule 2002.
On the contrary, in our laboratory experiments and classified operational tasks, psi was found to be surprisingly reliable and useful.
The Exit First Lien Term Loan Facility, the Exit Second Lien Term Loan Facility, the Promissory Note, and any additional exit financing that may be obtained by Reorganized Quoizel, as determined by the Initial Plan Sponsors, and the New Organizational Documents are essential elements of the Plan, are necessary for Confirmation and Consummation of the Plan, and are critical to the overall success and feasibility of the Plan.
The Plan Administrator may resign at any time upon thirty (30) days’ written notice delivered to the Wind-Down Debtors and the Bankruptcy Court; provided that such resignation shall only become effective upon the appointment of a permanent or interim successor Plan Administrator, to be chosen by the Initial Plan Sponsors with the consent of the ABL Agent.
The Plan Administrator shall have the authority to sell, liquidate, or otherwise dispose of any and all of the Wind-Down Assets without any additional notice to or approval from the Bankruptcy Court, but subject to the Wind-Down Budget and the consent of the ABL Agent and the Initial Plan Sponsors.
The children were given four classrooms, and their teachers have access to one staff room.
Once an item is ready to move to decision-‐making, each member of the group is asked to indicate their level of support for the matter under consideration by raising their hand/showing fingers as follows: All 5 Fingers = Enthusiastic Support of the idea/recommendation and will publically support the group’s decision.
The Debtors reserve the right to revoke or withdraw the Plan before the Confirmation Date with the consent of the Initial Plan Sponsors.
Upon any other vacancy of the Plan Administrator, a permanent or interim successor Plan Administrator shall be chosen by the Initial Plan Sponsors.
At the election of the Initial Plan Sponsors, the New Common Stock may be subject to a stockholders’ agreement and/or the holders of New Common Stock may be provided with registration rights, in each case, on the terms and conditions that are mutually acceptable to Reorganized Quoizel and the Initial Plan Sponsors.