Concordato definition

Concordato as set forth in the bankruptcy laws of Italy;
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Concordato or any analogous proceeding, as set forth in the bankruptcy laws of Italy as amended from time to time; (d) to establish a fund for the expenses necessary for the protection of common interests of the Noteholders and related statements of account; and (e) to pass a resolution concerning any other matter of common interest to the Noteholders. The constitution of meetings and the validity of resolutions thereof shall be governed pursuant to the Italian Civil Code and, as long as the Issuer has its shares listed on a regulated market in Italy or an other EU member country, pursuant to Legislative Decree no. 58 of 24 February 1998 (as amended from time to time) which currently provides that (subject as provided below) at any such meeting (i) in the case of a First Call meeting, one or more persons present holding Notes in definitive form or voting certificates or being proxies and holding or representing in the aggregate not less than one-half of the principal amount of the Notes for the time being outstanding, (ii) in the case of a Second Call meeting, one or more persons present holding Notes in definitive form or voting certificates or being proxies and holding or representing in the aggregate more than one-third of the principal amount of the Notes for the time being outstanding, (iii) in the case of a Third Call meeting one or more persons present holding Notes in definitive form or voting certificates or being proxies and holding or representing in the aggregate not less than one-fifth of the principal amount of the Notes for the time being outstanding, shall form a quorum for the transaction of business and no business (other than the choosing of a Chairman) shall be transacted at any meeting unless the requisite quorum is present at the commencement of the relevant business. The majority required at any such meeting (including any adjourned meetings) for passing an Extraordinary Resolution shall (subject as provided below) be (upon a show of hands) at least two-thirds of the people entitled to vote thereat and (on a poll) at least two-thirds of the votes entitled to be cast on that poll, PROVIDED THAT at any meeting the business of which includes a modification to the Conditions of the Notes as provided under Article 2415 of the Italian Civil Code, (including, for the avoidance of doubt, (a) any reduction or cancellation of the amount payable or, where applicable, modification of the method of calculating the amount payable or modification of the date ...
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Examples of Concordato in a sentence

  • Notwithstanding the foregoing, the Receiving Party may communicate the Confidential Information, in whole or in part, to the Receiving Party’s Representatives who need to have access to such Confidential Information due to their involvement in the WI Concordato Proceeding or in order to fulfill their duties to the Receiving Party.

  • LOUD will provide the liquidators of Mackie Italy by December 5, 2003 with an Irrevocable Offer to be annexed to the Concordato Petition, to purchase from the liquidators of Mackie Italy the items under the “Mackie” trademark listed in Exhibit B, according to the terms and conditions that LOUD shall be free to specify at its own discretion inside its Irrevocable Offer, at global price of not less than Euro 500.000,00, to be paid in cash at the moment of the shipping of the goods.

  • The waiver in Section 2 hereof shall be conditional upon the occurrence of, and with effect from immediately prior to, the Concordato Completion.

  • Quarta indagine nazionale sull’insegnamento della religione cattolica in Italia a trent’anni dalla revisione del Concordato , Elle Di Ci, Torino, 2016.

  • Said irrevocable offer shall be attached by the liquidator of Mackie Italy to the Concordato Petition, for the purchase in cash from the Concordato Procedure of items, at the price and according to the terms and conditions therein specified.

  • Therefore, the preliminary formal conditions to be admitted to the procedure of Concordato Preventivo are met.

  • The petitioner to Concordato Preventivo procedure, according to article 160 paragraph II n 2 of the Bankruptcy Law.

  • In order to clarify the causes which determined the present crisis of the Company, and the reasons which support the request of Concordato Preventivo procedure, we deem advisable to proceed with a brief description of the history and activities of the Company, and to analyse afterwards in detail the causes of the insolvency, the current economic and financial status and the proposal of Concordato Preventivo.

  • In consideration of the interest of Knight in the filing and approval of the Concordato Petition, Knight will reimburse LOUD, Alix Partners and Studio Labanti-Pasini Euro 500.000,00 as expenses related to the filing of Concordato, being the payment subject to the execution of the business lease agreement, authorised by the Procedure, indicated in the Irrevocable Offer of art.