Restructuring definition

Restructuring has the meaning set forth in the Recitals.

Restructuring means that, with respect to one or more Obligations and in relation to an aggregate amount of not less than the Default Requirement, any one or more of the following events occurs in a form that binds all holders of such Obligation, is agreed between the Reference Entity or a Governmental Authority and a sufficient number of holders of such Obligation to bind all holders of the Obligation or is announced (or otherwise decreed) by the Reference Entity or a Governmental Authority in a form that binds all holders of such Obligation (including, in each case, in respect of Bonds only, by way of an exchange), and such event is not expressly provided for under the terms of such Obligation in effect as of the later of the Credit Event Backstop Date and the date as of which such Obligation is issued or incurred:

Restructuring has the meaning set forth in the recitals to this Agreement.

Examples of Restructuring in a sentence

• As the Acquisition of Steeltema is not part of the Restructuring Exercise, Steeltema’s financials were not included in the combined statement of financial position.

• As the outcome of the Group and the Company’s current Proposed Restructuring Scheme to regularise its financial condition has yet to be determined, KLSE will await the outcome without prejudice to the KLSE's right to commence de-listing procedures against KCB in the event that the current Proposed Restructuring Scheme is not approved by the relevant authorities, creditors and shareholders and not successfully implemented.

• The Directors are of the opinion that the current Proposed Restructuring Scheme will be successfully implemented after the approvals by relevant authorities, creditors and shareholders.

• Following the Restructuring Exercise, BSL Holdings was transferred 7,075,658 and 20,053,342 Shares in our Company by Arica Walters and Peggy Lee respectively on 23 July 2014 for a nominal consideration.

• As part of the Restructuring Exercise, Arica Walters was allotted the following Shares: (a) 15,512,759 Shares pursuant to the acquisition of Jemaramas Jaya by our Company.

More Definitions of Restructuring

Restructuring means the occurrence of any one or more of the following:

Restructuring shall have the meaning set forth in Section 2.1(a).

Restructuring has the meaning assigned to such term in the Reorganization Agreement.

Restructuring means the financial and corporate restructuring of the Group in accordance with and as implemented through the 211B Proceedings, the Hyflux Scheme, the HE Scheme, the HMM Scheme, the Scheme and the Restructuring Documents.

Restructuring means the restructuring of the Debtors, the principal terms of which are set forth in the Plan and Plan Supplement.

Restructuring means the restructuring of the Debtors on the terms of the Plan and the Restructuring Support Agreement.

Restructuring has the meaning assigned to that term in the recitals hereof.