Proposed Restructuring Plan definition

Proposed Restructuring Plan means the restructuring plan proposed by the BRPs to rescue the Company and the Group more fully dealt with in Part B of this Business Rescue Plan;
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Examples of Proposed Restructuring Plan in a sentence

  • This Proposed Restructuring Plan seeks to reduce the debt of the Company and the Group, and to determine (in accordance with the provisions of the Business Rescue Plan) whether the Company and the Group can be returned to solvency, and if not possible, ensure an outcome which is better than an immediate liquidation.

  • If the Business continues operating in terms of the proposed Business Rescue Plan, and the Proposed Restructuring Plan is successfully implemented the Company’s business, affairs, and debt will be restructured in a manner that will allow the Company to continue operating its Business on a solvent basis.

  • As required in terms of section 150(2)(b)(vii) of the Companies Act, if the Business Rescue proceeds in terms of the Proposed Restructuring Plan, the rights of the Shareholders will not be altered.

  • As required in terms of section 150(2)(b)(iii) of the Companies Act, if the Business Rescue proceeds in accordance with the Proposed Restructuring Plan, the end result may be that some of the Properties will be sold through the Public Sales Process with the balance remaining as the Remaining Portfolio and the Company restructured in accordance with the Balance Sheet Restructure.

  • As required in terms of section 150(2)(b)(iv) of the Companies Act, the Business Rescue Plan contemplates the implementation of a Proposed Restructuring Plan which includes the Properties available to pay Creditors as listed in Annexure A.

  • In view of the structure of the Group and the intra Group arrangements the Business Rescue Plans of the relevant Group Companies will seek to implement the Proposed Restructuring Plan to benefit the Group as a whole, failing which to at least ensure a better outcome for each Group Company which is better than an immediate liquidation.

  • Applicants may provide a qualitative description of anticipated co-benefits as well as any quantitative information (e.g., acres of habitat types, miles of riparian corridors, local jobs related to farm sales) on this topic.

  • Should the BRPs not be able to implement the Proposed Restructuring Plan as set out above Substantial Implementation will be deemed to have occurred upon the implementation of the Wind Down Process as set out in 19.6.13.

  • Should the BRPs not be able to implement the Proposed Restructuring Plan as set out above Substantial Implementation will be deemed to have occurred upon the implementation of the Wind Down Process as set out in19.6.13.

  • Pursuant to conducting the aforesaid assessment and evaluation, and after consultation with the relevant Affected Persons, the BRPs are of the view that the best available restructuring options under the prevailing circumstances to rescue the Company (which options will also be applicable to the remaining entities in the Group) (as contemplated in section 128 (1) (b) of the Companies Act) entails the Proposed Restructuring Plan as set out in paragraph19 below.

Related to Proposed Restructuring Plan

  • Restructuring Plan means the extrajudicial restructuring plan, filed with the Sao Paulo Bankruptcy and Reorganization Court on August 19, 2020 (the “Restructuring Plan Filing Date”), providing for the issuance of the Securities and of the New Notes in exchange for the restructuring of various financial debts of OEC and certain of its Affiliates, as duly amended from time to time.

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.

  • Permitted Restructuring means the completion of: (a) an offer made by, or on behalf of, an Eligible Company to all (or as nearly as may be practicable all) of the shareholders of the Issuer (or, if the Issuer is not then the Ultimate Owner, to the shareholders of the then Ultimate Owner) to acquire the whole (or as nearly as may be practicable the whole) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued ordinary share capital) other than those already held by or on behalf of such Eligible Company; or (b) a reorganisation or restructuring whether by way of a scheme of arrangement or otherwise pursuant to which an Eligible Company acquires all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued share capital) other than those already held by such Eligible Company or pursuant to which all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued capital) not held by the New Holding Company is cancelled;

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Project Implementation Plan means the detail plan submitted by the Developer with regard to development of Project Facilities and its operation and management thereof in accordance with this Agreement and to be appended as Schedule 9 to this Agreement.

  • Restructuring Transactions Memorandum means a document, to be included in the Plan Supplement, that sets forth the material components of the Restructuring Transactions and a description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan, including the reorganization of the Debtors and issuance of the New Valaris Equity, through the Chapter 11 Cases, the Plan, or any Implementation Mechanism (including, in the United Kingdom, through the Administration).

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Exit Plan means the exit management plan developed by the Contractor and approved by the Authority in accordance with Clause 44 (Exit Management).

  • Term Sheet means any term sheet that satisfies the requirements of Rule 434 under the Act. Any reference herein to the "date" of a Prospectus that includes a Term Sheet shall mean the date of such Term Sheet.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Restructuring Support Agreement has the meaning set forth in the Recitals.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Plan Supplement Filing Date means the date or dates on which the Plan Supplement shall be filed with the Bankruptcy Court. The first Plan Supplement Filing Date shall be at least seven days prior to the Voting Deadline or such later date as may be approved by the Bankruptcy Court without further notice.

  • Development Plan has the meaning set forth in Section 3.2.

  • Commercialization Plan has the meaning set forth in Section 6.2.

  • Implementation Schedule means the Implementation Schedule in Section VII of the tendering documents.

  • Implementation Plan means the schedule included in the Statement of Work setting forth the sequence of events for the performance of Services under the Statement of Work, including the Milestones and Milestone Dates.

  • Restructuring Term Sheet means the term sheet attached as Exhibit A to the Restructuring Support Agreement.