Foreign Proceedings definition
Examples of Foreign Proceedings in a sentence
Except as provided in Paragraph 23 above in respect of Royal Ahold’s ability to claim against the Settlement Fund for Foreign Proceedings shares, Royal Ahold shall not have any right to the return of the Settlement Fund, or any portion thereof, irrespective of the number of Proofs of Claim filed, the collective amount of losses of Authorized Claimants, the percentage recovery of losses or the amounts to be paid to Authorized Claimants from the Settlement Fund.
Foreign Proceedings On or as soon as is reasonably practicable after the Effective Date, the Bermudian Debtors shall commence the Bermudian Proceedings and the Canadian Debtors shall commence the Canadian Proceedings to facilitate the Restructuring and protect certain of the Debtors’ assets held outside of the United States.