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.
Resolution Plan Process means the process set out in this Process Memorandum for
Resolution Plan Process means the process of submission, evaluation and approval of Resolution Plans as set out in the Process Note.
More Definitions of Resolution Plan Process
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.
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.