Jersey Scheme definition

Jersey Scheme means a scheme of transfer in respect of the Jersey Policies pursuant to Article 27 of, and Schedule 2 to, the Insurance Business (Jersey) Law 1996;

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Jersey Scheme means the scheme for the transfer of insurance business made up of the Jersey Policies as well as any Transferred Business Assets and any Transferred Liability attributable to any Jersey Policy, which scheme requires sanction by the Jersey Order;

Jersey Scheme means this scheme made pursuant to Article 27 of and Schedule 2 to the Insurance Business Law in its original form or with or subject to any modification, addition or condition which may be approved or imposed;

Examples of Jersey Scheme in a sentence

• No other liabilities of Telewest Jersey will be compromised as part of the Jersey Scheme.

• This Agreement is in all respects conditional upon the Scheme becoming effective on or before the later of 90 days after the date of the Commitment Letter or 60 days after the date of any vote by creditors to approve the Scheme and the Jersey Scheme, subject to such vote occurring on or before 75 days after the date of the Commitment Letter.

• The above terms are all as documented in the Plc Scheme and the Jersey Scheme.

• The Escrow Agent shall maintain effective systems to ensure that no confidential information held by it as a result of its appointment as Escrow Agent under this Agreement regarding the Telewest Scheme or the Jersey Scheme shall be accessible to any employee of the Escrow Agent for purposes other than carrying out its duties as Escrow Agent.

• Principal amounts: The principal amounts (the "Principal Amounts") as at the record date for the Plc Scheme and the Jersey Scheme (the "Record Date") will be: (a) in respect of the Notes and the Accreting Notes, the aggregate of the face value or accreted amount; and (b) in respect of the Jersey Guarantee Liability and the Intercompany Debt, the aggregate face value of the Jersey Notes.

More Definitions of Jersey Scheme

Jersey Scheme means the scheme of transfer referred to in paragraph 2.5(b);

Jersey Scheme has the meaning given to it in Recital (A);

Jersey Scheme means the proposed scheme of arrangement of Telewest Finance (Jersey) Limited as contemplated by the Financial Restructuring (as defined in the voting agreement between Liberty International, Telewest and others);

Jersey Scheme means the scheme for the transfer of insurance business from the Transferor to the Transferee in respect of the Jersey Policies under Article 27 of, and Schedule 2 to, the Insurance Business (Jersey) Law 1996;

Jersey Scheme means the scheme of arrangement under section 425 of the Act, and the scheme of arrangement under article 125 of the Jersey Companies Law, between Telewest Jersey and the Jersey Scheme Creditors and sanctioned by the Court and the Jersey Court;

Jersey Scheme means this scheme in its original form, subject to any modification, addition or condition which may be approved or imposed in accordance with paragraph 5 below;

Jersey Scheme means the scheme of transfer referred to in paragraph 2.9.2;