Chapter 15 Recognition Order definition

Chapter 15 Recognition Order means an order of the United States Bankruptcy Court for the Southern District of Texas recognizing and giving effect to the Plan in the United States and granting ancillary relief, which order shall be in form and substance acceptable to the Applicants, the Initial Consenting Noteholders and the Majority Commitment Parties, each acting reasonably;
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Chapter 15 Recognition Order means an order or orders of the US Bankruptcy Court recognising the provisional liquidation of the Company in the Cayman Islands and/or the Cayman Scheme as a foreign main proceeding (or in the alternative, a foreign non-main proceeding) and giving effect to certain aspects of the compromise and arrangement set out in the Cayman Scheme, including the releases under Clause 18 of the Cayman Scheme.
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Chapter 15 Recognition Order means an order of the Bankruptcy Court recognizing the Provisional Liquidation as a foreign main proceeding or a foreign non-main proceeding.
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Examples of Chapter 15 Recognition Order in a sentence

  • In addition, a Chapter 15 Recognition Order (“Chapter 15 Order”) was granted by the US Bankruptcy Court on 8 October 2020 pursuant to which the Joint Administrators are recognised as the foreign representatives authorised to act on behalf of the Company for the duration of the Chapter 15 case.

  • The Bar Date shall occur on 17 August 2022.Furthermore, as set out in the Announcement confirming the occurrence of the Scheme Effective Date, the Company expects that the Chapter 15 Recognition Order will be made by the US Bankruptcy Court for the Southern District of New York (the ‘‘US Bankruptcy Court’’) on or around 12 April 2022, following the Restructuring Effective Date.

  • Mr. Geir Karlsen, or failing him any other director of the Company from time to time, be and is hereby authorised, empowered and directed, in the name and on behalf of the Company, to settle the terms of any affidavits or other documentation required in conjunction with the foreign law evidence for the Chapter 15 Recognition Order and to take such actions as he deems appropriate in connection therewith.

  • Within two business days following execution of a definitive divestiture agreement, Defendants or the Divestiture Trustee, whichever is then responsible for effecting the divestitures required herein, must notify the United States and any Monitoring Trustee of any proposed divestiture required by Section IV or V of this Final Judgment.

  • Hong Kong” due to the operation of the Gibbs Rule,15 notwithstanding the fact that such foreign proceeding was recognized in the United States under Chapter 15.8. The Hong Kong Court’s statements principally rely on the application of United States law.The Proposed Chapter 15 Recognition Order Discharges Debts Governed by New York Law as a Matter of United States Law.

  • On February 24, 2021, the US Court entered the Chapter 15 Recognition Order, enforcing the Initial Order in the United States on a final basis, recognizing the CCAA Proceedings as a foreign main proceeding pursuant to section 1517 of title 11 of the United States Code, providing a stay of any execution against the assets of the Applicants located in the United States, and authorizing the Applicants to perform their obligations under the DIP Facility.


More Definitions of Chapter 15 Recognition Order

Chapter 15 Recognition Order means an order of the US Bankruptcy Court recognising and giving effect to the Hong Kong Scheme and/or the Cayman Scheme and/or any other scheme of arrangement of the Company;
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Chapter 15 Recognition Order means an order of the Bankruptcy Court, recognizing the Scheme as a foreign main proceeding or a foreign non-main proceeding pursuant to chapter 15 of the Bankruptcy Code and enforcing the terms of the Scheme within the territorial jurisdiction of the United States.
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Chapter 15 Recognition Order means an order of the United States Bankruptcy Court for the Southern District of Texas recognizing and giving effect to the Plan in the United States and granting ancillary relief, which order shall be in form and substance acceptable to the Applicants , the Initial Consenting Noteholders and the Majority Commitment Parties, each acting reasonably;
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Related to Chapter 15 Recognition Order

  • Medication order means a written or verbal order from a

  • protection order means an order made in terms of section 18;

  • Confirmation Order means the order of the Bankruptcy Court confirming the Plan pursuant to section 1129 of the Bankruptcy Code.

  • Administration Order means the order of the Court dated 27 September 2020 placing inter alia the Group DOCA Companies into ADGM administration;

  • Prescription order means any of the following:

  • Sanction Order means the Court Order to be sought by the Participating CCAA Parties from the Court as contemplated under the Plan which, inter alia, approves and sanctions the Plan and the transactions contemplated thereunder, pursuant to section 6(1) of the CCAA, substantially in the form of Schedule “E” or otherwise in form and content acceptable to the Participating CCAA Parties, the Monitor and the Parent, in each case, acting reasonably;

  • DEVIATION ORDER means any order given by the Engineer-in-Charge to effect an alteration, addition or deduction, which does not radically affect the scope and nature of the contract.

  • adoption order (“gorchymyn mabwysiadu”) means an adoption order within the meaning of section 72(1) of the Adoption Act 1976 or section 46(1) of the Adoption and Children Act 2002;

  • Corporation Order mean, respectively, the written request or order signed in the name of the Corporation by its Chairman of the Board of Directors, its Vice Chairman of the Board of Directors, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee.

  • confiscation order means an order made under—

  • Variation Order means any written order, identified as such issued to the Contractor by the Employer under Sub Clause 31.1.

  • Final Order means, as applicable, an order or judgment of the Bankruptcy Court or other court of competent jurisdiction with respect to the relevant subject matter that has not been reversed, stayed, modified, or amended, and as to which the time to appeal or seek certiorari has expired and no appeal or petition for certiorari has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be filed has been resolved by the highest court to which the order or judgment could be appealed or from which certiorari could be sought or the new trial, reargument, or rehearing shall have been denied, resulted in no modification of such order, or has otherwise been dismissed with prejudice.

  • Suspension Order means a notice issued by OCCL directing a licensee to stop providing child care as of a specific date. While the license is suspended, a licensee may not provide child care.

  • Bid Procedures Order means an Order of the Bankruptcy Court that (a) is in substantially the form set forth as Exhibit A to this Agreement or otherwise in a form reasonably satisfactory to the Sellers and acceptable to the Buyer in its sole discretion, and (b) approves procedures for the solicitation and consideration of competitive bids for the Assets under the terms and conditions of this Agreement and authorizing the protections set forth in Article 11 for the Buyer.

  • Interim Compensation Order means the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Professionals [D.I. 2066].

  • Bankruptcy Order means any court order made in a proceeding pursuant to or within the meaning of any Bankruptcy Law, containing an adjudication of bankruptcy or insolvency, or providing for liquidation, winding-up, dissolution or reorganization, or appointing a Custodian of a debtor or of all or any substantial part of a debtor’s property, or providing for the staying, arrangement, adjustment or compromise of indebtedness or other relief of a debtor.

  • Subscription Order means a request from an Authorised Participant delivered to the Issuer to issue ETP Securities.

  • Bankruptcy Court has the meaning set forth in the Recitals.

  • Levy Order means an Order made by the Commission under paragraph 16 of the Schedule to the Act.

  • Bidding Procedures Order means that certain order of the Bankruptcy Court, entitled “Order (A) Approving Sale Procedures and Bid Protections, Including Break-Up Fee(s), In Connection With Sale Of Substantially All Assets; (B) Scheduling An Auction For And Hearing To Approve One Or More Sales; (C) Approving Notice Of Respective Date, Time And Place For Auction And For Hearing On Approval Of Sale(s),” entered on January 16, 2009.

  • Approval Order means (i) an order in the form attached hereto as Exhibit 2; or (ii) in the event of a timely objection to the motion to approve the Agreement that if sustained would reduce the full Settlement Amount available to pay Asbestos-Released Claims, an order in such form agreed to in writing by the Parties, entered by the Bankruptcy Court that (a) approves this Agreement, (b) authorizes the Parties to undertake the settlement and the sale of the Subject Policies as set forth in this Agreement, and (c) provides for the Injunction.

  • Bar Date Order means the Order (I) Setting Bar Dates for Filing Proofs of Claim, Including Requests for Payment under Section 503(B)(9), (II) Establishing Amended Schedules Bar Date and Rejection Damages Bar Date, (III) Approving the Form of and Manner for Filing Proofs of Claim, Including Section 503(B)(9) Requests, and (IV) Approving Notice of Bar Dates [Docket No. 482], as such order may be amended, supplemented, or modified from time to time.

  • Sale Order means an Order of the Bankruptcy Court approving the Transactions, in form and substance (with respect to the provisions of such Sale Order applicable to the Acquired Assets only) reasonably acceptable to each of the Parties.

  • FCC Order means Federal Communications Commission Order 94-102 (61 Federal Register 40348)

  • Disclosure Statement Order means the order of the Bankruptcy Court approving the Disclosure Statement.

  • U.S. Bankruptcy Court means the United States Bankruptcy Court for the Southern District of New York.