CCAA Plan definition
Examples of CCAA Plan in a sentence
All conditions to implementation of the CCAA Plan shall have been satisfied or waived in accordance with the CCAA Plan and the CCAA Plan shall have been implemented in accordance with its terms.
Borrower agrees that it shall not file any plan of arrangement under the CCAA ("CCAA Plan") which provides for, or would permit directly or indirectly, Lender to be classified with any other creditor of Borrower for purposes of such CCAA Plan or otherwise.
On or about the Effective Date, the Debtors shall borrow funds under the Exit Financing Facilities in amounts which, together with such other cash as is then available to the Debtors, will be sufficient to make all Cash distributions to be made under this Plan and the CCAA Plan.
Notwithstanding anything to the contrary contained in this Section 8.3, Liens arising from the 13.75% Senior Secured Notes shall be discharged and cancelled in accordance with and pursuant to the CCAA Plan.
In no event shall holders of Class 2 Claims receive aggregate distributions on account of Class 2 Claims under this Plan or the CCAA Plan in excess of the Allowed amount of the Bowater Secured Bank Claims.