The Debtors have satisfied the requirements of section 1129(a)(5) of the Bankruptcy Code. Article IV.M of the Plan, in conjunction with [Exhibit F] of the Plan Supplement, disclose the identity and affiliations of the individuals proposed to serve as the initial directors and officers of the Reorganized Debtors, and the identity and nature of any compensation for any insider who will be employed or retained by the Reorganized Debtors. The proposed directors and officers for the Reorganized Debtors are qualified, and the appointments to, or continuance in, such offices by the proposed directors and officers is consistent with the interests of the holders of Claims and Interests and with public policy.
The Debtors have satisfiedPlan satisfies the requirements of section 1129(1123(a)(5)7) of the Bankruptcy Code. In accordance with Article IV.M of the Plan, the identities of the members of the Reorganized Holdco Board and the officers, directors, and/or managers of each of the Reorganized Debtors are identified in conjunction with [Exhibit F] of the Plan Supplement, disclosewhich exhibit may be modified and/or supplemented prior to the identity and affiliations of the individuals proposed to serve as the initial directors and officersEffective Date. The selection of the Reorganized Debtors,Holdco Board and the identity and natureofficers, directors, and/or managers of any compensation for any insider who will be employed or retained byeach of the Reorganized Debtors. The proposed directors and officers for the Reorganized Debtors are qualified, and the appointments to, or continuance in, such offices by the proposed directors and officers is consistent with the interests of theall holders of Claims and InterestsInterests, and with public policy.
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