Recognition Proceedings definition
Examples of Recognition Proceedings in a sentence
If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by Agent or any Lender in connection with the Chapter 11 Cases, the CCAA Recognition Proceedings, the insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 2.14 will forthwith be reinstated in effect, as though such payment had not been made.
Recognition Proceedings The proceedings commenced by the Debtors under Part IV of the Canadian Companies Arrangement Act in the Canadian Court to recognize in Canada the Chapter 11 Cases and to recognize in Canada certain Orders of the Bankruptcy Court.
Since December 31, 2012, except for the filing of the Chapter 11 Cases and the CCAA Recognition Proceedings, and, in each case, the imposition of automatic stay therewith, no event, circumstance, or change has occurred that has or could reasonably be expected to result in a Material Adverse Change.
Since December 31, 2012, except the filing of the Chapter 11 Cases and the commencement of the CCAA Recognition Proceedings, and, in each case, the imposition of the automatic stay and CCAA stay, as applicable, no event, circumstance, or change has occurred that has or could reasonably be expected to result in a Material Adverse Change.
Except as set forth on Schedule 4.11, each Material Contract is not in default due to the action or inaction of the applicable Loan Party or any of its Subsidiaries other than as a result of the commencement of the Chapter 11 Cases or CCAA Recognition Proceedings.
Except to the extent resulting from the filing of the Chapter 11 Cases and the Recognition Proceedings and except as described in Schedule 4.09, none of the Borrower Parties is a party to any agreement or instrument or subject to any corporate restriction that has resulted or could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Other than as a result of the filing of the Chapter 11 Proceedings or the Recognition Proceedings, neither the Company nor any of its Subsidiaries nor, to the Knowledge of the Company, any other party to any material Real Property Lease necessary for the operation of the business is in material default or breach under the terms thereof.
Other than as a result of the filing of the Chapter 11 Proceedings or the Recognition Proceedings, neither the Company nor any of its Subsidiaries nor, to the Knowledge of the Company, any other party to any Material Contract, is in material default or breach under the terms thereof.
Notwithstanding anything to the contrary herein, upon the prior written consent of the Plan Sponsors, the TSN Debtors shall be permitted to disclose (i) the terms of this Agreement and (ii) the fact that this Agreement has been executed, to the extent required by applicable law or regulation, or in connection with required filings in the Bankruptcy Cases or the Canadian Recognition Proceedings, or with the Securities and Exchange Commission, the Federal Communications Commission or Industry Canada.
The Definitive Documents shall satisfy the requirements of all applicable securities laws, the Bankruptcy Code, this Term Sheet, the Opioid Settlement Term Sheet, the Scheme of Arrangement, the Companies ▇▇▇ ▇▇▇▇ of Ireland governing the Irish Examinership Proceedings, and the Canadian Companies Arrangement Act governing the Recognition Proceedings.