NADL definition
Examples of NADL in a sentence
For administrative convenience, the holders of Credit Agreement Claims against NADL and the Other NADL Debtors and Sevan and the Other Sevan Debtors have agreed to accept participation in the Amended NADL Credit Facility and Amended Sevan Credit Facility, as applicable, in lieu of any entitlement to receive the New NADL Common Shares and New Sevan Shares and consent to the issuance of such shares to the Reorganized Debtors in accordance with the Description of Transaction Steps.
In the case of a sale by NADL, the intended buyer (or its affiliate or third party representative advised to Jurong) must also have the capacity to take over the duties of the Approved Manager with no less competence than the Approved Manager.
D4 NADL 510(b) Claims On the Plan Effective Date, each holder of an allowed NADL 510(b) Claim will be extinguished and shall not receive or retain any distribution, property, or other value on account of their Seadrill 510(b) Claims.
The security of the device and its software and data protection and privacy with respect to the operation of the AA software on his device shall be the responsibility of the Customer and NADL shall not be responsible for the same.
On the Plan Effective Date, each allowed Interest in an Other NADL Debtor shall be Reinstated.
A3 Intercompany Claims On the Plan Effective Date, Claims between Debtors will be Reinstated or released at the election of the Debtors (other than NADL Revolving Loan Claim and the Sevan Second Lien Claim, which shall be treated as set forth in the applicable classes).
Customer responsibility for device and software: The Customer would have to ensure that the device and software used for availing of AA services meets the criteria as may be specified by NADL from time to time.
NADL shall have the absolute discretion to amend or supplement any of the Terms and/or terms and conditions stipulated by NADL and/or its Affiliates pertaining to the Accounts and/or to any services/facilities offered by NADL and/or its Affiliates at any time, Non-Transferability: The grant of registration of AA services to a Customer is not transferable under any circumstances and shall be used only by the Customer.
On the Plan Effective Date, each holder of an allowed General Unsecured Claim against an Other NADL Debtor shall, at the election of the applicable Debtor, be (a) Reinstated or (b) paid in full in cash.
D5 Interests in NADL On the Plan Effective Date, each Interest in NADL will be extinguished in accordance with the Description of the Transaction Steps and the holder of such Interest in NADL shall not receive or retain any distribution, property, or other value on account of its Interest in NADL.