Restructuring Advisors Clause Samples

The 'Restructuring Advisors' clause defines the appointment and role of professional advisors who assist a company or its stakeholders during a financial restructuring process. Typically, this clause outlines who may engage such advisors, the scope of their authority, and how their fees and expenses will be handled—often specifying whether these costs are borne by the company or shared among stakeholders. Its core practical function is to ensure that all parties have access to expert guidance during complex restructuring negotiations, thereby facilitating informed decision-making and helping to resolve financial distress efficiently.
Restructuring Advisors. Retain PriceWaterhouse Coopers and Lazard Ltd. or such other third party financial restructuring advisors as are reasonably satisfactory to the Administrative Agent in its Permitted Discretion.
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Restructuring Advisors. The Borrower and the other Credit Parties shall continue to retain ▇▇▇▇▇▇▇ & Marsal North America, LLC as restructuring advisors or retain such other advisor approved by the Requisite Lenders and on terms and conditions approved by Requisite Lenders until the Credit Parties have substantially consummated a Conforming Plan of Reorganization.
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Restructuring Advisors. Borrowers shall continue to retain ▇▇▇▇▇▇ Del Genio ▇▇▇▇▇ & Co., LLC as restructuring advisors or retain such other advisor reasonably acceptable to Agent and on terms and conditions satisfactory to Agent until Borrowers have substantially consummated a plan of reorganization.
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Restructuring Advisors. Continue to retain Alvarez & Marsal or such other third party financial restructuri▇▇ ▇▇▇▇sors who shall be hired by the Borrowers and who shall be reasonably satisfactory to the Administrative Agent.
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Related to Restructuring Advisors

  • Auditors’ Management Letters Promptly after the receipt thereof, any auditors’ management letters are received by the Borrower or by its accountants;

  • Management Letters Promptly after the receipt thereof by any Company, a copy of any “management letter” received by any such person from its certified public accountants and the management’s responses thereto;

  • Sub-Advisers The Investment Adviser may delegate certain of its responsibilities hereunder with respect to provision of the investment advisory services set forth in Section 3(a) above to one or more other parties (each such party, a “Sub-Adviser”), pursuant in each case to a written agreement with such Sub-Adviser that meets the requirements of Section 15 of the 1940 Act and rules thereunder applicable to contracts for service as investment adviser of a registered investment company (including without limitation the requirements for approval by the Board of Directors of the Fund and the shareholders of the Portfolio), subject, however, to such exemptions as may be granted by the U.S. Securities and Exchange Commission upon application or by rule. Such Sub-Adviser may (but need not) be affiliated with the Investment Adviser. Any delegation of services pursuant to this Section 3(b) shall be subject to the following conditions: 1. Any fees or compensation payable to any Sub-Adviser shall be paid by the Investment Adviser and no additional obligation may be incurred on the Fund’s behalf to any Sub-Adviser; except that any Fund expenses that may be incurred by the Investment Adviser and paid by the Fund to the Investment Adviser directly may be incurred by the Sub-Adviser and paid by the Fund to the Sub-Adviser directly, so long as such payment arrangements are approved by the Fund and the Investment Adviser prior to the Sub-Adviser’s incurring such expenses. 2. If the Investment Adviser delegates its responsibilities to more than one Sub-Adviser, the Investment Adviser shall be responsible for assigning to each Sub-Adviser that portion of the assets of the Portfolio for which the Sub-Adviser is to act as Sub-Adviser, subject to the approval of the Fund’s Board of Directors. 3. To the extent that any obligations of the Investment Adviser or any Sub-Adviser require any service provider of the Fund or Portfolio to furnish information or services, such information or services shall be furnished by the Fund’s or the Portfolio’s service providers directly to both the Investment Adviser and any Sub-Adviser.

  • Sub-Advisor The U.K. Sub-Advisor shall pay the salaries and fees of all personnel of the U.K. Sub-Advisor performing services for the Portfolio relating to research, statistical and investment activities.

  • Advisors Each party may appoint any counsel, consultants and advisors as it feels appropriate to assist the expert in his determination and so as to present their respective cases so that at all times the parties will co-operate and seek to narrow and limit the issues to be determined.