Rights of authorised representative: vote and act only per prior voting instructions, with duties to circulate agenda and file instructions. The authorised representative is entitled to participate and vote in committee of creditors meetings only in accordance with prior voting instructions received by physical or electronic means; when representing multiple financial creditors he must cast votes reflecting each creditor's instructions or abstain if no instruction is received. He must circulate meeting agendas and minutes to represented creditors and file received voting instructions with the committee so the interim or resolution professional records votes correctly; electronic means will be specified. Resolution professional fees and costs of running the debtor as a going concern are insolvency resolution process costs payable in priority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rights of authorised representative: vote and act only per prior voting instructions, with duties to circulate agenda and file instructions.
The authorised representative is entitled to participate and vote in committee of creditors meetings only in accordance with prior voting instructions received by physical or electronic means; when representing multiple financial creditors he must cast votes reflecting each creditor's instructions or abstain if no instruction is received. He must circulate meeting agendas and minutes to represented creditors and file received voting instructions with the committee so the interim or resolution professional records votes correctly; electronic means will be specified. Resolution professional fees and costs of running the debtor as a going concern are insolvency resolution process costs payable in priority.
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