Examples of Proposed Restructuring in a sentence
As a result of the Proposed Restructuring, the Merger Cos will hold, by operation of law, all of the assets, liabilities, and contracts associated with the Specified Policies.
The Director anticipates that the hearing officer will specify, inter alia, procedures, deadlines, and content requirements for the submission of written comments, public statements at the Hearing, or objections to the Proposed Restructuring.
On or around the formal filing of a Plan of Division by each Dividing Company with the Department, Allstate will communicate with the MCCA to disclose the Proposed Restructuring and that it involves Allstate, the Dividing Companies, the Illinois NewCos, and the Merger Cos.
Restructuring, inform each Policyholder and Claimant that there will be a public Hearing on the Proposed Restructuring by the Department, and provide Policyholders and Claimants with the Department’s website address.
At least 25 days before the Hearing date, Allstate will send a written notice to each policyholder for the Specified Policies (a “Policyholder”) and to each person with an outstanding personal injury claim under the Specified Policies (a “Claimant”), whose claim will become a claim of a Merger Co as a result of the Proposed Restructuring.