Exhibit 99.1
POWER OF ATTORNEY
This Power of Attorney is being granted in connection with executing regulatory filings and related documents.
Marc Lasry hereby constitutes and appoints Andrew Schinder, Chief Compliance Officer, irrevocably as his true and lawful agent and attorney-in-fact (the “Attorney”), in his name, place and stead, to execute regulatory or related documents on his behalf.
The foregoing Power of Attorney is coupled with an interest and shall be irrevocable and shall survive the incapacity or bankruptcy of Marc Lasry.
This Power of Attorney shall not revoke any power of attorney that has been previously granted by Marc Lasry to any other person.
For clarity, this Power of Attorney shall not be deemed to be revoked by any power of attorney that may be granted by Marc Lasry to any other person after the date hereof, unless any such subsequent power of attorney specifically refers to this Power of Attorney by the date of execution of this Power of Attorney by Marc Lasry.
Marc Lasry shall be fully responsible for any act done by Andrew Schinder by virtue hereof as if it had been done by Marc Lasry, himself.
This Power of Attorney will be in full force and effect until (i) such Power of Attorney is terminated by Marc Lasry or (ii) Andrew Schinder is no longer an employee of Avenue Capital Management II, L.P. or its affiliates.
This Power of Attorney shall be governed by the State of New York.
CAUTION TO THE PRINCIPAL: Your Power of Attorney is an important document. As the “principal,” you give the person whom you choose (your “agent”) authority to spend your money and sell or dispose of your property during your lifetime without telling you. You do not lose your authority to act even though you have given your agent similar authority.
When your agent exercises this authority, he or she must act according to any instructions you have provided or, where there are no specific instructions, in your best interest. “Important Information for the Agent” at the end of this document describes your agent’s responsibilities.
Your agent can act on your behalf only after signing the Power of Attorney before a notary public.
You can request information from your agent at any time. If you are revoking a prior Power of Attorney by executing this Power of Attorney, you should provide written notice of the revocation to your prior agent(s) and to the financial institutions where your accounts are located.
You can revoke or terminate your Power of Attorney at any time for any reason as long as you are of sound mind. If you are no longer of sound mind, a court can remove an agent for acting improperly.
Your agent cannot make health care decisions for you. You may execute a “Health Care Proxy” to do this.
The law governing Powers of Attorney is contained in the New York General Obligations Law, Article 5, Title 15. This law is available at a law library, or online through the New York State Senate or Assembly websites, www.senate.state.ny.us or www.assembly.state.ny.us.
If there is anything about this document that you do not understand, you should ask a lawyer of your own choosing to explain it to you.
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IN WITNESS WHEREOF, Marc Lasry has executed this Power of Attorney as of January 28, 2019.
| | Signed: | /s/ Marc Lasry |
| | By: | Marc Lasry, in his individual capacity |
| STATE OF NEW YORK | ) | |
| | | |
| | ) | SS.: |
| | | |
| COUNTY OF NEW YORK | ) | |
On the 28 day of January, in the year 2019, before me, the undersigned a Notary Public in and for said state, personally appeared Marc Lasry, personally known to me or proved to me on the basis of satisfactory evidence to the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the person or the entity upon behalf of which the person acted, executed the instrument.
MICHAEL C LEROSE Notary Public, State of New York Reg. No. 01LE6378449 Qualified in New York County
Commission Expires 07/23/2022 | /s/ Michael C Lerose |
| | Notary Public |
IMPORTANT INFORMATION FOR THE AGENT:
When you accept the authority granted under this Power of Attorney, a special legal relationship is created between you and the principal. This relationship imposes on you legal responsibilities that continue until you resign or the Power of Attorney is terminated or revoked. You must:
| (1) | act according to any instructions from the principal, or, where there are no instructions, in the principal’s best interest; |
| (2) | avoid conflicts that would impair your ability to act in the principal’s best interest; |
| (3) | keep the principal’s property separate and distinct from any assets you own or control, unless otherwise permitted by law; |
| (4) | keep a record of all receipts, payments, and transactions conducted for the principal; and |
| (5) | disclose your identity as agent whenever you act for the principal by writing or printing the principal’s name and signing your own name as “agent” in either of the following manner: (Principal’s Name) by (Your Signature) as Agent, or (your signature) as Agent for (Principal’s Name). |
You may not use the principal’s assets to benefit yourself or give major gifts to yourself or anyone else unless the principal has specifically granted you that authority in this Power of Attorney or in a Statutory Major Gifts Rider attached to this Power of Attorney. If you have that authority, you must act according to any instructions of the principal or, where there are no such instructions, in the principal’s best interest. You may resign by giving written notice to the principal and to any co-agent, successor agent, monitor if one has been named in this document, or the principal’s guardian if one has been appointed. If there is anything about this document or your responsibilities that you do not understand, you should seek legal advice.
Liability of agent:
The meaning of the authority given to you is defined in New York’s General Obligations Law, Article 5, Title 15. If it is found that you have violated the law or acted outside the authority granted to you in the Power of Attorney, you may be liable under the law for your violation.
Andrew Schinder has read the foregoing Power of Attorney and acknowledges his legal responsibilities with respect thereto.
IN WITNESS WHEREOF, Andrew Schinder has executed this Power of Attorney as of January 28, 2019.
| | Signed: | /s/ Andrew Schinder |
| | By: | Andrew Schinder |
| | Title: | Chief Compliance Officer |
| STATE OF NEW YORK | ) | |
| | | |
| | ) | SS.: |
| | | |
| COUNTY OF NEW YORK | ) | |
On the 28 day of January, in the year 2019, before me, the undersigned, a Notary Public in and for said state, personally appeared Andrew Schinder, personally known to me or proved to me on the basis of satisfactory to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the person or the entity upon behalf of which the person acted, executed the instrument.
MICHAEL C LEROSE Notary Public, State of New York Reg. No. 01LE6378449 Qualified in New York County
Commission Expires 07/23/2022 | /s/ Michael C Lerose |
| | Notary Public |
