Examples of Framework Restructuring Agreement in a sentence
Subsequently, on June 5, 2020, the STG has entered into Framework Restructuring Agreement (FRA) to give effect to the Resolution Plan.
In June 2020, SEL and its certain specified subsidiaries, entered into a Framework Restructuring Agreement (hereinafter referred to as the “FRA”) with a Consortium of Lenders led by the State Bank of India (hereinafter referred to as the “Existing Lenders”) for restructuring the debt of the Company, in terms of the Reserve Bank of India circular dated 7th June 2019 (the “RBI Circular”).
Manufacturing companies are more complex organizations than merchandising companies because the manufacturing companies must produce its goods as well as market them.
In addition to the fixed assets, the shares of the Promoter / Promoter Group are also pledged as per the Framework Restructuring Agreement (FRA) dated 12th July 2021 for restructuring / reconstitution of the debt of the Company.* refers to the date of execution of share pledge agreement with M/s.
All the contractual lock-in requirements under the Framework Restructuring Agreement on 99,71,76,872 (Ninety Nine Crores Seventy One Lacs Seventy Six Thousand Eight Hundred Seventy Two) equity shares of the Company allotted to the Existing Lenders on 27th June 2020 have been waived off.
On 12th July 2021, the Company had entered into a Framework Restructuring Agreement (FRA) with the said lender banks for again restructuring the debt of the Company.
As mentioned in the said Note, the Management of the Company is in the process of determining the fair value of the financial instruments issued pursuant to the said restructuring and the resultant gain on extinguishment of the debt in terms of the Framework Restructuring Agreement, to be transferred to equity as a capital contribution.
SAC was formed with the objective of allotment of securities to the lender banks or their appointed trustees pursuant to the Resolution Plan for restructuring the debt of the Company, as per the Framework Restructuring Agreement dated 12th July 2021.
It is noted that, after the Effective Date of the Restructuring, OHL shall request the judicial approval of the Restructuring (homologación) by the Spanish courts through the implementation of the Framework Restructuring Agreement for the purposes indicated in the resolution relating to the Debt Capitalization Capital Increase proposed in item Fourth of the agenda of the Extraordinary General Shareholders' Meeting.
Immediately on conversion CCPS into Equity Shares of SGSL, such SGSL shareholders may at their discretion exercise a put option to sell their Equity Shares of SGSL to the Company at a price which shall be higher of: (a) fair value of the SGSL shares; or (b) at CCPS Exit Price as specified in the Framework Restructuring Agreement.