Jersey Liabilities definition
Jersey Liabilities. All liabilities of Telewest Jersey arising directly, or indirectly, in relation to, or arising out of or in connection with: (a) the Jersey Notes; (b) the Jersey Guarantee Liability; and (c) the Intercompany Debt, including any liability of Telewest Jersey in respect of loss or damage suffered or incurred as a result of, or in connection with, such liability (the “Jersey Liabilities”) will be cancelled and exchanged for an entitlement to receive the New Shares to which Telewest Jersey will become entitled to receive under the Plc Scheme. No other liabilities of Telewest Jersey will be compromised as part of the Jersey Scheme.
Jersey Liabilities. All liabilities of Telewest Jersey in respect of: (a) the Jersey Notes; and (b) the release of the Intercompany Debt, together with all interest, accruals, derivative or other claims arising in respect of such liabilities against Telewest Jersey (the “Jersey Liabilities”) will be cancelled and exchanged for New Shares. No other liabilities of Telewest Jersey will be compromised as part of the Jersey Scheme.
Jersey Liabilities. All liabilities of Telewest Jersey arising directly, or indirectly, in relation to, or arising out of or in connection with:
Examples of Jersey Liabilities in a sentence
In relation to the Plc Scheme and the Jersey Scheme, the aggregate of the relevant Principal Amounts, the Interest Amounts and all other claims, liquidated in amount and either agreed with Telewest, or Telewest Jersey (as appropriate), or otherwise determined under the Plc Scheme, or Jersey Scheme (as appropriate), arising directly or indirectly in relation to, or arising out of or in connection with, the Telewest Liabilities or the Jersey Liabilities (as appropriate) at the Record Date.
The Jersey Liabilities will be cancelled in exchange for the entitlement to receive New Shares that Telewest Jersey will receive as part of the compromise of the Telewest Liabilities.