Restructuring definition

Restructuring has the meaning set forth in the Recitals.
Restructuring means that, with respect to one or more Obligations and in relation to an aggregate amount of not less than the Default Requirement, any one or more of the following events occurs in a form that binds all holders of such Obligation, is agreed between the Reference Entity or a Governmental Authority and a sufficient number of holders of such Obligation to bind all holders of the Obligation or is announced (or otherwise decreed) by the Reference Entity or a Governmental Authority in a form that binds all holders of such Obligation (including, in each case, in respect of Bonds only, by way of an exchange), and such event is not expressly provided for under the terms of such Obligation in effect as of the later of the Credit Event Backstop Date and the date as of which such Obligation is issued or incurred:
Restructuring has the meaning set forth in the recitals to this Agreement.

Examples of Restructuring in a sentence

  • For instance, the Principles for Stable Capital Flows and Fair Debt Restructuring provide that sovereign issuers should treat all creditors fairly and provide comparable treatment to all creditors.


More Definitions of Restructuring

Restructuring means the occurrence of any one or more of the following:
Restructuring shall have the meaning set forth in Section 2.1(a).
Restructuring has the meaning assigned to such term in the Reorganization Agreement.
Restructuring means the restructuring of the Debtors, the principal terms of which are set forth in the Plan and Plan Supplement.
Restructuring means the financial and corporate restructuring of the Group in accordance with and as implemented through the 211B Proceedings, the Hyflux Scheme, the HE Scheme, the HMM Scheme, the Scheme and the Restructuring Documents.
Restructuring means the consummation of the transactions contemplated by the Restructuring Agreement.
Restructuring has the meaning given to such term in the Recitals.