BCFC definition
Examples of BCFC in a sentence
For voting purposes only, the BCFC Contribution Claim and the 7.95% Notes Guaranty Claim shall be deemed Allowed Claims against Bowater, each in the aggregate amount of $619,875,000.
To the extent Allowed, the BCFC Contribution Claim shall be classified and treated as a Class 6 Claim against Bowater for purposes of this Plan, and any portion of the Rights Offering allocated on account of such Claim shall be allocated for the benefit of creditors of BCFC to be exercised by such creditors as if such creditors were the holders of the BCFC Contribution Claim.
This acknowledgment shall not be interpreted to prejudice the rights, if any, of any party in interest to seek to have Allowed the 7.95% Notes Guaranty Claim or the BCFC Contribution Claim or both, or the rights of any party in interest to object to one or both of such Claims on any basis.
Subject to Bowater’s rights to settle such Claims, the Court shall determine whether such Allowed Claim is on account of (i) the BCFC Contribution Claim and/or (ii) the 7.95% Notes Guaranty.
Bowater acknowledges that at least one of the BCFC Contribution Claim or the 7.95% Notes Guaranty Claim will be an Allowed Claim in Class 6S against Bowater, which amount shall be no less than an amount equal to the difference between (1) $619,875,000 minus (2) the amount of the distributions to holders of Allowed Class 6M Claims against BCFC.
Any changes proposed to road and/or bridge designs must be approved by BCFC with consideration of the long-term public access objective for these roads.
Under the Wildfire Act, a person who carries out an industrial or prescribed activity on Crown land must conduct a fire hazard assessment in accordance with Section 7 of the assessments and measures or actions resulting from those assessment and to provide to BCFC a final assessment signed and sealed by a qualified professional confirming completion of all required fire hazard abatement activities.
The BCFC is authorized by the Province of British Columbia under the ▇▇▇▇▇▇▇ Community Forest Agreement K3S to an allowable cut of 27,000 cubic meters and an initial term of 25 years.
BCFC understands that some of these timing constraints are conditional and/or weather dependant and may conflict with each other.
The Company, SCL, BCL and BCFC have entered into the Shareholders’ Agreement Amendment Deed on the Effective Date, pursuant to which the parties thereto agree that the Shareholders’ Agreement shall be amended principally to provide for the Deed of Amendment, the Supplemental Company Charge and the Supplemental BCL Charge.