Examples of EMEA Debtors in a sentence
The Escrow Funds are being held by JPM pending the allocation of such funds among various Nortel entities, including without limitation, one or more of the Canadian Debtors and one or more of the EMEA Debtors.
On May 12, 2015, the U.S. Court and the Canadian Court each issued a decision with respect to the Allocation Trial that allocates the Escrow Funds based on the sum of certain claims against each of the U.S., Canadian, and EMEA Debtors.
On 9 January 2015, the Administrators of each of the EMEA Debtors entered into the Limitation Deed Poll pursuant to which they agreed that limitation periods in respect of certain claims would not expire on the sixth anniversary of the Administrators' appointment (that anniversary being 14 January 2015).
These provisions are not however inter-conditional which means that if the CVA for an EMEA Debtor is not approved, amounts owed to that EMEA Debtor will not be automatically agreed and admitted pursuant to the terms of the CVA but amounts owed by the EMEA Debtor to other EMEA Debtors will be automatically agreed and admitted (where CVAs in respect of the other EMEA Debtors are approved).
Where another EMEA Debtor proposes a CVA to its creditors, the terms of that CVA will provide for a reciprocal admission of amounts owed to the other EMEA Debtors by that EMEA Debtor.
The Terms provide that certain liabilities incurred prior to the Administration Date and owed by the Company to other EMEA Debtors and set out at Annex 20 ( Intra-Group CVA Claims) (the "Intra-Group CVA Claims") will be deemed to be Allowed Claims in the CVA and the quantum of those Intra-Group CVA Claims are not capable of being disputed by the Supervisors or any CVA Creditor.
The U.S. Court's decision has been appealed by the U.S Debtors, the Official Committee of Unsecured Creditors, the ad hoc group of bondholders, the Pension Benefit Guaranty Corporation, the Bank of New York Mellon, as Indenture Trustee, the Nortel Trade Claim Consortium and Nortel Networks S.A. Contingent or conditional cross appeals have been noticed by the Canadian Debtors, the Canadian Creditors Committee and the EMEA Debtors.
The Parties agree and acknowledge that, as at the date hereof, there are no post-filing books and records claims owing between (Y) any of the Canadian Debtors, on the one hand, and any of the U.S. Debtors, the EMEA Debtors, NNSA and the EMEA Non-Filed Entities, on the other, and (Z) any of the U.S. Debtors, on the one hand, and any of the EMEA Debtors, NNSA and the EMEA Non-Filed Entities, on the other.
The Parties agree that except in relation to the Iceberg Amendment Fee, in respect of which NNUK will be entitled to a payment of U.S.$2.2 million from the Iceberg Sale Proceeds, neither the EMEA Debtors (nor NNSA) nor the EMEA Non-Filed Entities shall have any other entitlements or obligations under the Side Letters.
Nothing in this Settlement and Support Agreement affects claims between or among the UKPI, any EMEA Debtor, NNSA, or the EMEA Non-Filed Entities, the Joint Administrators, the NNSA Conflicts Administrator or the French Liquidator, which shall be dealt with separately between and among the EMEA Debtors, NNSA, the EMEA Non-Filed Entities, the Joint Administrators, the NNSA Conflicts Administrator, the French Liquidator and the UKPI.