RESTRUCTURING OBJECTIVES Sample Clauses
The 'Restructuring Objectives' clause defines the specific goals and intended outcomes of a restructuring process within an agreement. It typically outlines what the parties aim to achieve, such as improving financial stability, streamlining operations, or modifying organizational structures. For example, it may specify targets like reducing debt levels, divesting certain assets, or merging business units. By clearly stating these objectives, the clause ensures all parties have a shared understanding of the restructuring's purpose, which helps guide decision-making and measure the success of the process.
RESTRUCTURING OBJECTIVES. The purpose and objects of this Deed, in conjunction with each Related DOCA and the Restructuring Documents, are to:
(a) maximise the chances of the Related DOCA Companies continuing as going concerns;
(b) provide a better return to Group Creditors of the Group DOCA Companies as a whole than would result from an immediate winding up of those companies;
(c) provide a continuation of the moratorium established upon the appointment of the Administrators and the Related Administrators;
(d) provide for a quick, cost efficient and fair mechanism for the management of Proofs of Debt and the determination of the Group Creditor Claims;
(e) reorganise the structure of the Group prior to the Restructuring Effective Date to ensure that on the Restructuring Effective Date the transfers contemplated by this Deed and the Related DOCAs can take place in an efficient manner;
(f) provide for the transfer of material businesses owned by the Group to Opco and/or its nominee(s);
(g) establish a process by which Holdco Facilities Commitments can be distributed to Admitted Group Creditors using the EPM to calculate their proportional claims against the Group DOCA Companies, taking into account the varying nature of each Group Creditor’s existing claims against the Group DOCA Companies;
(h) allow for the repayment of amounts outstanding under the AFF Documents, including by distribution of the AFF Holdco Facilities Commitment Entitlements and AFF Cash Entitlements;
(i) retrospectively authorise a Bar Date by which Group Creditors must submit a Proof of Debt in the Administration and the Related Administrations;
(j) preserve Litigation Claims of the Group DOCA Companies, transfer the Assigned Related DOCA Claims from the Related DOCA Companies to the Deed Company and establish a process by which the Post-Restructuring Litigation Recoveries can be distributed to Admitted Group Creditors in accordance with the terms of this Deed and the Litigation Undertaking;
(k) establish a regime to enable the Administrators, the Related Administrators, the Deed Administrators and the Related Deed Administrators to work co- operatively to achieve the Restructuring Objectives; and
(l) grant all necessary and incidental powers to the Administrators, the Related Administrators, the Deed Administrators and the Related Deed Administrators to effect the Restructuring Objectives, (the “Restructuring Objectives”).
RESTRUCTURING OBJECTIVES. Notwithstanding the Restructuring Steps set forth in Part 1 of this Schedule, the Parties agree that if it is advisable and desirable by the Company and NJPV, the Restructuring may be conducted and completed under any other plan, provided that such plan shall be agreed by EIL in advance before it is put into implementation and provided further that the following objectives shall be achieved:
RESTRUCTURING OBJECTIVES. 2 Overview.............................................................. 3