Resolution Plan Process definition

Resolution Plan Process means the process set out in this RFRP for submission, evaluation and selection of Resolution Plan and activities in relation thereto.
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Resolution Plan Process means the process for submission, evaluation and selection of Resolution Plan and activities in relation or incidental to it.“ResolutionPlan Validity Period”has the meaning assigned to the term in Clause 2.8.1 of this RFRP.“Resolution Professional” or“RP”means the resolution professional of the Company.“Successful Resolution Applicant”means the Resolution Applicant whose Resolution Plan is approved by the Committee of Creditors under Section 30 (4) of the IBC.“Successful ResolutionPlan”means the Resolution Plan or a combination of Resolution Plans, as approved by the CoC in accordance with Section 30 (4) of the Code.“Total Cash Recovery”means the aggregate amount of cash to be recovered by the secured Financial Creditors under the Resolution Plan.“Transfer Date”means the date on which the transfer of Control and management of the Company to the Resolution Applicant and handover to the Resolution Applicanttakes place.“Ultimate Parent”means a Person which Controls, either directly or indirectly, the Parent Company, Group Company, or Affiliates of the PRA and includes an ultimatebeneficial owner.“Upfront Cash”means the part of the Total Cash Recovery which is committed to be paid to thesecured Financial Creditors within 60 days from the approval of the Resolution Plan by the Adjudicating Authority, including the Excess Cash.“Virtual Data Room”means the data room prepared by the Corporate Debtor containing the information pertaining to the Corporate Debtor (including confidential information) in connection with the Resolution Plan Process. Note: Capitalized terms used herein but not defined otherwise shall have meaning prescribed to them under the provisions of the IBC, rules and regulations thereunder and /or the Information Memorandum, as the case may be.
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Resolution Plan Process means the process of submission, evaluation and approval of Resolution Plans as set out in the Process Note.
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Examples of Resolution Plan Process in a sentence

  • Information relating to the examination, clarification, evaluation, and recommendation relating to the Resolution Plan or relating to the Resolution Applicant(s) shall not be disclosed by the Resolution Applicant(s) to any person who is not officially concerned with the Resolution Plan Process or is not a retained professional advisor.

  • This offer to participate in the Resolution Plan Process should be treated as strictly confidential and should not be disclosed to outside parties.

  • This RFRP, the Resolution Plan Process and any Resolution Plan submitted hereto shall be governed by and construed in accordance with the laws of Republic of India and the Adjudicating Authority of (State) only shall have the exclusive jurisdiction over all disputes arising under, pursuant to or in connection with this RFRP or the Resolution Plan Process.

  • The Resolution Applicant(s) and their representatives and the officers, employees, agents and advisers of the Resolution Applicant(s) shall observe the highest standard of ethics during the Resolution Plan Process and subsequently during the negotiations and execution of the definitive agreements.

  • The Resolution Applicant(s) shall be responsible for all the costs associated with the preparation of the Binding Resolution Plan and participation in the Resolution Plan Process.

  • We hereby expressly waive any and all claims in respect of the Resolution Plan Process.

  • Language: The Resolution Plan and all related correspondence and supporting RFRP in relation to the Resolution Plan Process shall preferably be in English language.

  • The COC shall have no obligation to undertake or continue the Resolution Plan Process with the Resolution Applicant(s) having the Highest Evaluated Compliant Resolution Plan and further it shall have discretionary rights to engage in negotiations/ discussions with other Resolution Applicant(s) having a Compliant Resolution Plan.

  • The Resolution Professional and COC reserve the right at their sole discretion to contact the Resolution Applicant(s) bank, Financial Creditor, financing institutions and any other person as may be required or expedient to verify the information or document as submitted by the Resolution Applicant(s) as part of its Resolution Plan, for the purpose of the Resolution Plan Process, and the Resolution Applicant(s) consents to the same.

  • The amendment, modification or supplementary information shall be notified by email or website to the Resolution Applicant(s) and such amendments shall form part of this RFRP, Evaluation Criteria and the Resolution Plan Process and will be binding on the Resolution Applicant(s).


More Definitions of Resolution Plan Process

Resolution Plan Process means the process set out under this RFRP for the insolvency resolution of the Company in terms of an Approved Resolution Plan, as amended from time to time.
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Related to Resolution Plan Process

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Resolution shall have the meaning specified in Section 8(E).

  • Remediation Plan means a report identifying:

  • Emergency Action Plan means the plan referred to in Section I.G of Schedule 2 to this Agreement, detailing the activities, budget, implementation plan, and monitoring and evaluation arrangements, to respond to the Eligible Crisis or Emergency.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • Grievance Procedure is used in this Agreement, it shall be considered as including the arbitration procedure.

  • U.S. Special Resolution Regimes has the meaning specified in Section 11.21.