Company Voluntary Arrangements definition

Company Voluntary Arrangements means, collectively, (i) the proposals dated June 23, 2006 for company voluntary arrangements in respect of T&N Limited, a company incorporated in England and Wales and a Subsidiary of the Borrower, and forty-eight other U.K. Subsidiaries which are Group Members, and (ii) the proposals dated June 23, 2006 for company voluntary arrangements in respect of Federal-Mogul Global Growth Limited, a company organized under the laws of England, and F-M UK Holding Limited, a company organized under the laws of England, which proposals in each case became effective in accordance with the laws of England and Wales on October 11, 2006.
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Company Voluntary Arrangements means collectively, (i) the proposals dated June 23, 2006 for company voluntary arrangements in respect of T&N and forty-eight other U.K. Subsidiaries which are group companies, and (ii) the proposals dated June 23, 2006 for company voluntary arrangements in respect of Federal Mogul Growth Limited and F-M UK Holding Limited.”;
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Examples of Company Voluntary Arrangements in a sentence

  • Company Voluntary Arrangements are often referred to as CVAs, and Individual Voluntary Arrangements as IVAs.

  • Any real or perceived conflict, whether pecuniary or non-pecuniary, between a Netball Alberta Members’ interest and the interests of Netball Alberta, must at all times be resolved in favour of Netball Alberta.

  • Insolvency law is a partially devolved policy area in Scotland where personal insolvency is devolved, but corporate insolvency proceedings, such as administration, and Company Voluntary Arrangements are reserved.

  • This act also provides for alternative insolvency procedures for companies such as Administration and Company Voluntary Arrangements.

  • Only insolvency practitioners can legally act as office holders in insolvency proceedings: as trustees in bankruptcy; liquidators, administrators and administrative receivers of companies; and supervisors of Individual Voluntary Arrangements and Company Voluntary Arrangements.

  • The closest comparisons are found in so-called CVAs, i.e., Company Voluntary Arrangements under Part 1 of the Insolvency Act of 1986, and schemes of arrangement under§ 895 of the Companies Act 2006 ( Schemes ).

  • The Department, in coordination with the Department of Education and the Department for the Deaf and Hard-of-Hearing, shall, after considering any recommendations submitted by the advisory committee, select existing tools or assessments for educators for use in assessing the language and literacy development of children from birth to age five who are deaf or hard of hearing.

  • The new Scottish insolvency rules will accordingly be made up of two instruments: a Statutory Instrument – the Insolvency (Scotland) (Company Voluntary Arrangements) and Administration) Rules 2018 (S.I. 2018/10821) (“I(S)CVAAR”), made by the Secretary of State - dealing with CVAs and administration; and this Scottish Statutory Instrument, the I(S)RWUR made by the Scottish Ministers - dealing with receivership and winding up.

  • Since the making of the Insolvency (Amendment) (EU Exit) Regulations 2019 the Insolvency (Scotland) Rules 1986 have been replaced with the following new Rules: the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 and the Insolvency (Scotland) (Receivership and Winding up) Rules 2018.

  • This has seen weakening pricing and occupier uncertainty, with significant insolvency and Company Voluntary Arrangements (CVAs).

Related to Company Voluntary Arrangements

  • Continuing Arrangements means those arrangements set forth on Schedule 1.1(24) and such other commercial arrangements among the Parties that are intended to survive and continue following the Separation Time; provided, however, that for the avoidance of doubt, Continuing Arrangements shall not be Third Party Agreements.

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • Tax Sharing Arrangement means any written or unwritten agreement or arrangement for the allocation or payment of Tax liabilities or payment for Tax benefits with respect to a consolidated, combined or unitary Tax Return which includes the Company.

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Prior Employment Agreement has the meaning set forth in the recitals hereto.

  • Defined Benefit Plan means each Benefit Plan which is subject to Part 3 of Title I of ERISA, Section 412 of the Code or Title IV of ERISA.

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • Canadian Defined Benefit Plan means a Canadian Pension Plan, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the ITA.

  • Qualifying Control Agreement means an agreement, among a Loan Party, a depository institution or securities intermediary and the Administrative Agent, which agreement is in form and substance acceptable to the Administrative Agent and which provides the Administrative Agent with “control” (as such term is used in Article 9 of the UCC) over the deposit account(s) or securities account(s) described therein.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Leave of Absence Without Pay means to be absent from duty with permission but without pay.

  • Management Arrangements means the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Specification, the Service Levels, the Award Procedures and the terms of this Framework Agreement, set out in Schedule 4.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • admission arrangements means the arrangements for a particular school or schools which govern the procedures and the decision making for the purposes of admitting pupils to the school.

  • Change of Control Agreement means the Change of Control letter agreement between the Company and the Executive of even date herewith.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Cancellation Compensation means an amount payable by a Participating Dealer in respect of a default, as set out in the Trust Deed and in the Operating Guidelines applicable at the time the relevant Creation Application or Redemption Application is made.