Financial Restructuring definition

Financial Restructuring means the restructuring of the Existing Facilities, the Hedging Exposures and the provision of the Super Senior Facility in accordance with this Agreement and the Implementation Plan, in particular by the provision by all or certain of the Lenders to the Original Obligors of a Super Senior Facility, and the amendment and harmonisation of key terms of the Existing Facility Agreements by the entry by the Finance Parties into the Framework Agreement and the Intercreditor Agreement, in consideration of which the Lenders shall have the right (but not the obligation) to subscribe for the Lender Shares and to receive their allocation of the Restructuring Fee and an assignment of the Assigned Receivables which together with each Lender’s allocation of the Assigned Receivables, shall be exclusively for the purposes of conversion into their proportion of Lender Shares out of New Equity (save that any Lender may decline any share subscription (in full or in part) if it so wishes).

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Financial Restructuring has the meaning given to it in Recital (A);

Financial Restructuring has the meaning set forth in the tenth whereas clause.

Examples of Financial Restructuring in a sentence

• On July 28, 2003, we announced that we expected the final terms of the Financial Restructuring to provide that ordinary shareholders will receive 1.5% of the issued share capital immediately following the Financial Restructuring.

• That agreement provided for the cancellation of all outstanding notes and debentures (the `Notes') (approximately (pound)3.5 billion) and certain other unsecured foreign exchange hedge contracts (the `Hedge Contracts') (approximately (pound)33 million) in exchange for new ordinary shares (the `New Shares') representing 97% of our issued share capital immediately after the Financial Restructuring.

• The Company agrees that it shall take all reasonable steps necessary and desirable to obtain any and all required regulatory and/or third party approvals for the Financial Restructuring.

• We intend to deal with this claim as part of the overall restructuring of our unsecured debt obligations and do not believe that the legal action will significantly delay or impede the Financial Restructuring process.

• Operating and Financial Review and Prospects -- Operating Results -- Results of Operations --Years ended December 31, 2001 and 2002 -- Revenue) and legal and professional costs associated with the Financial Restructuring, and their impact on our net operating cash flow, we would breach certain financial covenants under our bank facility in respect of the quarter ended December 31, 2002.

More Definitions of Financial Restructuring

Financial Restructuring means the proposed financial restructuring of the Scheme Companies pursuant to the Schemes as more particularly described in the Scheme Document;

Financial Restructuring means the financial restructuring contemplated by the Restructuring Documents, the Note Documents, the Equity Documents the New Money Documents, the Reinstated Elevated Debt Documents and the Reinstated Non-Elevated Debt Documents.;

Financial Restructuring means the various transactions contemplated by the Restructuring ----------------------- Agreement, including but not limited to the Exchange Offer, the Consent Solicitation and the purchase by certain foreign investors of the New Preferred Stock and Series B Warrants.

Financial Restructuring means the financial restructuring of the ----------------------- Existing PRT Notes on the terms and conditions set forth in this Plan.

Financial Restructuring means the various transactions contemplated by the Restructuring Agreement, including but not limited to the Exchange Offer, the solicitation by the Issuer of consents to amendments to the indenture for the Issuer's 11% Senior Subordinated Discount Notes due 2008 and the certificate of designation for the Issuer's 13-1/2% Exchangeable Preferred Stock due 2010 and the purchase by Investcorp of the Issuer's 13% Convertible Exchangeable Preferred Stock due 2008 and warrants to purchase the Issuer's Class A Common Stock, par value $0.01 per share.

Financial Restructuring means changing the composition, conditions, or structure of a debtor's assets and liabilities, including or any other part of the debtor's capital structure, including share capital, or a combination of those elements, including sales of assets or parts of the business, with the objective of enabling the enterprise to continue in whole or in part;

Financial Restructuring means the consensual financial restructuring, to be implemented in the context of a reorganisation plan pursuant to Article 67(3)(d) of Italian Royal Decree no. 267 of 16 March 1942 (“Article 67”), of the debt obligations and capital structure of the Group and Lighthouse, as effected by means of the Financial Restructuring Implementation Transactions.