Plan of Reorganisation definition

Plan of Reorganisation means the Prepackaged Plan of Reorganisation of the Debtors Pursuant to Chapter 11 of the Bankruptcy Code filed with the Bankruptcy Court on April 21, 2014 [Docket No. 14], and as it may be amended, modified, or supplemented from time to time in accordance with the terms therein and in the Restructuring Support Agreement; and
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Plan of Reorganisation has the meaning given to it in the Contribution and Framework Agreement;
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Examples of Plan of Reorganisation in a sentence

  • Principle 24 Plan Binding on Participant 24.1. If a Plan of Reorganisation is adopted in a main insolvency proceeding and there is no parallel proceeding pending with respect to the debtor, the Plan should be final and binding upon the debtor and the creditors who participate in the main proceeding.24.2. For this purpose, participation includes:(i) Filing a claim;(ii) Voting on the Plan; or(iii) Accepting a distribution of money or property under the Plan.

  • These are derived from the estimated coefficients underlying the regression model in Column (5) of Table VII.

  • If confirmed, the Plan of Reorganisation will involve a substantial dilution (up to a maximum of approximately 12 per cent.

  • All tenders were considered in accordance with the evaluation criteria set out in the documents provided to the bidding organisations and summarised in 1.2 above.

  • The Bankruptcy Court has determined that the proposed Disclosure Statement contains adequate information relating to the proposed Plan and accordingly the Bankruptcy Court has permitted Regus to solicit the votes of its Creditors and the Regus Shareholders and interest holders in the other Debtors on the proposed Plan of Reorganisation.

  • The financial statements have been prepared on the going concern basis, which assumes that: • A Plan of Reorganisation, acceptable to Regus, will be approved by the US creditors and the US courts.

  • The Plan of Reorganisation was approved by an overwhelming majority of holders of claims entitled to vote and was confirmed at a hearing on September 15, 2000.

  • Save as referred to in paragraph 2 of Part 1, all outstanding claims under leases in the US will form part of the Plan of Reorganisation.

  • If the Plan of Reorganisation is not confirmed it is possible that the Debtors may have to seek bankruptcy protection and pursue reorganisation or liquidation in their respective home jurisdictions.

  • On October 10, 2000 the Plan of Reorganisation became effective and Frontline acquired the entire share capital of Golden Ocean.

Related to Plan of Reorganisation

  • Plan of Reorganization means any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding.

  • Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation, merger or consolidation whereby all or substantially all the business, undertaking or assets of the Issuer are transferred to a successor entity which assumes all the obligations of the Issuer under the Capital Securities.

  • Reorganisation means (without limitation) any transaction, deemed transaction, step, procedure or agreement, including (but without limitation) the transfer, distribution, contribution or settlement of assets and/or liabilities.

  • Chapter 11 Plan means a plan of reorganization or liquidation filed in any of the Chapter 11 Cases under Section 1121 of the Bankruptcy Code.

  • CCAA means the Companies’ Creditors Arrangement Act (Canada).

  • Chapter 11 means Chapter 11 of the Bankruptcy Code.

  • Plan Support Agreement means that certain Plan Support Agreement, dated as of August 9, 2015 (as amended on September 11, 2015, October 27, 2015, and November 12, 2015, and as may be amended, supplemented, or otherwise modified from time to time in accordance therewith), by and among the Debtors, the Original Plan Sponsors, the TCEH Supporting First Lien Creditors, the TCEH First Lien Agent, the TCEH Supporting Second Lien Creditors, the TCEH Committee, and certain other Entities, including all exhibits and schedules attached thereto.

  • Final Order means, as applicable, an order or judgment of the Bankruptcy Court or other court of competent jurisdiction with respect to the relevant subject matter that has not been reversed, stayed, modified, or amended, and as to which the time to appeal or seek certiorari has expired and no appeal or petition for certiorari has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be filed has been resolved by the highest court to which the order or judgment could be appealed or from which certiorari could be sought or the new trial, reargument, or rehearing shall have been denied, resulted in no modification of such order, or has otherwise been dismissed with prejudice.

  • Interim Order means the interim order of the Court made in connection with the process for obtaining shareholder approval of the Arrangement and related matters, as such order may be amended, supplemented or varied by the Court;

  • DIP Motion means the motion filed by the Debtors seeking entry of the DIP Orders.

  • Approval Order means (i) an order in the form attached hereto as Exhibit 2; or (ii) in the event of a timely objection to the motion to approve the Agreement that if sustained would reduce the full Settlement Amount available to pay Asbestos-Released Claims, an order in such form agreed to in writing by the Parties, entered by the Bankruptcy Court that (a) approves this Agreement, (b) authorizes the Parties to undertake the settlement and the sale of the Subject Policies as set forth in this Agreement, and (c) provides for the Injunction.

  • BCBCA means the Business Corporations Act (British Columbia);

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • Demerger means a demerger pursuant to Chapter 17 of the Finnish Companies Act (624/2006 as amended from time to time).

  • Bankruptcy Court has the meaning set forth in the Recitals.

  • Plan of Liquidation with respect to any Person, means a plan that provides for, contemplates or the effectuation of which is preceded or accompanied by (whether or not substantially contemporaneously, in phases or otherwise): (1) the sale, lease, conveyance or other disposition of all or substantially all of the assets of such Person otherwise than as an entirety or substantially as an entirety; and (2) the distribution of all or substantially all of the proceeds of such sale, lease, conveyance or other disposition of all or substantially all of the remaining assets of such Person to holders of Equity Interests of such Person.

  • Court Order means any judgment, decision, consent decree, injunction, ruling or order of any federal, state or local court or governmental agency, department or authority that is binding on any person or its property under applicable law.

  • Rehabilitation Plan means a written plan designed to enable the Employee to return to work. The Rehabilitation Plan will consist of one or more of the following phases:

  • Support Agreement has the meaning set forth in the Recitals.

  • Scheme of Arrangement means a scheme of arrangement, share for share exchange or analogous procedure.

  • Restructuring Plan means the Restructuring Plan attached hereto as Schedule 1.1.

  • Resettlement Action Plan or “RAP”, means a plan approved by the Association, to be prepared in accordance with the provisions of the RPF, setting forth principles and procedures governing land acquisition or other associated Project impacts, resettlement and compensation of Affected Persons, as well as reporting and monitoring arrangements to ensure compliance with the said plan, as the same may be amended from time to time with the agreement of the Association, and “Resettlement Action Plans” or “RAPs” shall mean such Resettlement Action Plans, collectively.

  • Plan of Merger has the meaning set forth in Section 2.2.

  • Plan of Arrangement means the plan of arrangement, substantially in the form set out in Schedule A, subject to any amendments or variations to such plan made in accordance with this Agreement and the Plan of Arrangement or made at the direction of the Court in the Final Order with the prior written consent of the Company and the Purchaser, each acting reasonably.

  • Pre-Acquisition Reorganization has the meaning set out in Section 6.8;

  • Reorganization Cases means the cases filed by the Debtors under Chapter 11 of the Bankruptcy Code.