Concession Renewal definition
Concession Renewal. : It means the date on which the new concession agreement regarding the renewal of Light SESA’s ownership concession was signed by Light SESA and the Granting Authority.
Concession Renewal means the date in which SESA has executed a new concession agreement with the applicable governmental authorities, related to the renewal of the public concession held by SESA. ▪ “Energia Claims” means Claims against Energia. ▪ “Energia Creditors” means the holders of Energia Claims. ▪ “Energia Notes” means the 4.375% Notes Units due 2026 issued by Energia and guaranteed by Light. ▪ “New Securities” means the Convertible Debentures, shares, Level 1 ADRs, notes and any other securities issued in connection with the Restructuring. ▪ “Notes” means the Energia Notes and the SESA Notes. ▪ “Notes Indenture” means that certain indenture dated June 18, 2021 executed by SESA and Energia, as issuers, Light, as Notes Units Guarantor, and The Bank of New York Mellon, as Trustee. ▪ “Noteholders” means the holders of Notes. ▪ “Parties” means the RJ Company Parties and Term Sheet Creditors. ▪ “Restructured Claims” means the restructured RJ Claims pursuant to the terms of the RJ Plan. ▪ “Restructured NY Notes” means the new notes to be issued by Light SESA and Light Energia, as applicable, pursuant to the RJ Plan, which shall be DTC tradable and governed by NY law in accordance with market practices and consistent with the Notes Indenture. ▪ “Restructuring Support Agreement” or “RSA” means a restructuring support agreement, as provided under the RJ Plan, to be executed between the RJ Company Parties and the Term Sheet Creditors in supplement to the Term Sheet to provide the terms for the implementation of the RJ Plan and this Term Sheet with respect to the Notes. ▪ “RJ Claims” means Claims against the RJ Company Parties subject to the Brazilian RJ Proceeding. ▪ “RJ Creditors” means the persons holding RJ Claims. ▪ “RJ Plan” means the judicial reorganization plan submitted by Light in the context of the Brazilian RJ Proceeding on May 18, 2024, which shall be voted by the RJ Creditors at the general meeting of creditors on May 29, 2024 and subsequently confirmed by the Brazilian Bankruptcy Court. ▪ “Scheme of Arrangement” means a scheme of arrangement under the UK Companies Act 2006, which will be pursued by the Company to implement the RJ Plan and restructure the Notes in accordance with the terms set forth in this Term Sheet and to be further provided in the Restructuring Support Agreement. ▪ “SESA Notes” means the 4.375% Notes Units due 2026 issued by SESA and guaranteed by Light. ▪ “Term Sheet Creditors” means the RJ Creditors who have executed this Term Sheet. ▪ “UK Co...
Concession Renewal means SESA’s execution of a new concession agreement with the applicable governmental authorities, related to the renewal of the public concession held by SESA.
Examples of Concession Renewal in a sentence
Timeline Light shall raise new capital within 90 (ninety) days from the Concession Renewal (“New Money Capital Raise”).
Timeline The Convertible Debentures shall be converted into shares or Level 1 ADRs, as applicable, of Light within 90 (ninety) days from the Concession Renewal, but only after the New Money Capital Raise is completed as provided in Section 6.1.1.3.2 of the RJ Plan.
The Convertible Debentures shall be converted into shares or Level 1 ADRs, as applicable, of Light no later than 90 (ninety) days after the Concession Renewal, subject to a conversion rate that is equivalent to the Subscription Price, and the Supporting Conversion Creditors shall receive 1 (one) warrant for each 2 (two) subscribed shares or Level 1 ADRs, as applicable.
More Definitions of Concession Renewal
Concession Renewal means the date on which the concession agreement No. 001/96 for the distribution of electricity between Light SESA and ANEEL dated 4 June 1996 (as amended and/or restated from time to time) is renewed;