Recapitalisation definition

Recapitalisation means the conversion of the nominal amount of the Notes, including accrued but unpaid interest in respect thereof, into claims which may give right to Common Equity Tier 1 instruments, all as prescribed by the Applicable Resolution Framework.

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Recapitalisation means any return of capital, repayment of capital contribution or other redemption, repurchase, retirement or reduction of Equity Interests of Onshore Group Members.

Recapitalisation means a Recapitalisation and/or a Refinancing, in each case occurring on or after the Completion Date, and as defined in the Shareholders Agreement;

Examples of Recapitalisation in a sentence

• In turn, France committed that Air France would divest up to 18 daily slots at Paris-Orly airport, as to which see State Aid SA.59913 – France – COVID-19 – Recapitalisation of Air France and the Air France-KLM Holding, supra note 38, paragraph 257; European Commission, State aid: Commission approves up to E4 billion French measure to recapitalize Air France (Press release, 6 April 2021), available at ▇▇▇▇▇://▇▇.▇▇▇▇▇▇.▇▇/commission/presscorner/detail/en/ip_21_1581 (last visited November 10, 2021.

• Upon completion of the Notes Re-delivery, the Bank Recapitalisation Instalment shall become available under the Loan Facility.

• Notwithstanding the foregoing, a cancellation under this Clause 7(6) shall not be required upon a cancellation by EFSF of the Existing Bank Recapitalisation Facility or the ECB Credit Enhancement Facility.

• Promptly upon taking ownership of any Capital Instruments, the Recapitalisation Fund undertakes to inform ESM in writing that it has so taken ownership, and it separately undertakes to provide ESM with details of such Capital Instruments upon request from ESM.

• At the time at which the subscription of the Recapitalisation Funding takes place, the Joint Bidders will control a majority of the voting share capital of APR Energy and may also have appointed a majority of the Board of APR Energy.

More Definitions of Recapitalisation

Recapitalisation means the reorganisation of Derby International and its Subsidiaries and the recapitalisation of the Company (in each case) pursuant to the Recapitalisation Agreement.

Recapitalisation means the Acquisition of the B Shares for £25.5 billion by HM Treasury as set out in the Acquisition and Contingent Capital Agreement dated 26 November 2009.

Recapitalisation means any raising of debt financing or refinancing of any existing debt or equity financing arrangements of the Group that (i) is in an amount equal to or greater than the amount needed to redeem the Convertible Preferred Shares and (ii) the proceeds of which are not used for the satisfaction of existing obligations, capital expenditure, operating expenditure or acquisitions;

Recapitalisation has the meaning set out in clause 13.4 (Target Leverage Ratio);

Recapitalisation means any return of capital, repayment of capital contribution or other redemption, repurchase, retirement or reduction of equity interests of Onshore Group Members (the proceeds thereof received by or paid to the order of any Offshore Group Member(s) being “Recapitalisation Proceeds”).

Recapitalisation means the recapitalisation of the Group to be effected on or before the ▇▇▇▇▇▇ Completion Date pursuant to the Recapitalisation Documents in accordance with the transaction steps described in Schedule 13 and at any time thereafter, the issue of the loan notes by UK Newco 3 to the Subordinated Guarantor described in paragraph (i) of the definition of “Permitted Indebtedness”;

Recapitalisation means the recapitalisation of the Group of up to maximum EUR 60,000,000, by way of (i) a shareholder's contribution to Polygon International AB whereby such amount shall be applied by Polygon International AB towards the repayment of the Recapitalisation Investor Loan, and (ii) a dividend distribution to Polygon Holding, provided that the recapitalisation occurs within the Recapitalisation Window.