Restructuring Heads of Terms definition

Restructuring Heads of Terms means the heads of terms for the proposed out of court restructuring of the Company and the Group signed by the Co-ordinating Committee, certain of the Charterparty Owners and Bareboat Owners and the Company and dated 29 March 2012.
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Examples of Restructuring Heads of Terms in a sentence

  • The Non-Binding Restructuring Heads of Terms were agreed between the Company, the Noteholder Committee and the PXF Co-ordinating Committee on 24 May 2016.

  • The Company anticipates that the restructuring of the Notes and the PXF Facilities contemplated by the Non-Binding Restructuring Heads of Terms will be implemented on or prior to 30 September 2016 and, in any event, by 30 November 2016 at the latest.

  • The Company is committed to working collaboratively with its creditors in order to document and implement the restructuring proposal contained in the Non-Binding Restructuring Heads of Terms.

  • Noteholders should review the Non-Binding Restructuring Heads of Terms for further details in relation to the Restructuring.A vote in favour of or against the Scheme is not a vote in favour of or against the Non-Binding Restructuring Heads of Terms.

  • Accordingly, in relation to the Notes and the Scheme, the expected timetable of principal events is set out on page 16 of this Explanatory Statement and the anticipated effective date for the Scheme is 30 June 2016.If the Company and the Group are unable to maintain a stable platform during the period of documentation and implementation of the restructuring proposal set out in the Non-Binding Restructuring Heads of Terms it is likely that the Group will need to suspend part or all of its operations.

  • A non-binding heads of terms for a restructuring of the Notes and the PXF Facilities (as defined below) (the Non-Binding Restructuring Heads of Terms) has now been agreed (see paragraph 18 below and Appendix 1).

  • On 24 May 2016 the Company agreed the Non-Binding Restructuring Heads of Terms with the Noteholder Committee and a co-ordinating committee of PXF Lenders (the PXF Co-ordinating Committee).

  • Pursuant to the Scheme, each Scheme Creditor agrees that the First Moratorium Scheme Capitalised Interest shall not be due and payable until the Termination Date or, if a restructuring contemplated by the Non-Binding Restructuring Heads of Terms is implemented and becomes effective, shall be included in the principal amount of the new notes to be issued thereunder and shall be payable on the dates and in the manner set out in the definitive documentation in relation to such restructuring.

  • A copy of the Non-Binding Restructuring Heads of Terms is appended to the Practice Statement Letter in relation to the Scheme and is also appended to the Scheme itself.

  • The Non-Binding Restructuring Heads of Terms were published on a public website (www.lucid-is.com/metinvestrestructuring) on 25 May 2016.

Related to Restructuring Heads of Terms

  • Restructuring Term Sheet means the term sheet attached as Exhibit A to the Restructuring Support Agreement.

  • Restructuring Documents means, collectively, the documents and agreements (and the exhibits, schedules, annexes and supplements thereto) necessary to implement, or entered into in connection with, this Plan, including, without limitation, the Plan Supplement, the Exhibits, the Plan Schedules, the Amended/New Organizational Documents, the Exit Facility Loan Documents, and the Plan Securities and Documents.

  • Restructuring Costs means the costs, including both direct and indirect, of restructuring activities. Restructuring costs that may be allowed include, but are not limited to, severance pay for employees, early retirement incentive payments for employees, employee retraining costs, relocation expense for retained employees, and relocation and rearrangement of plant and equipment. For purposes of this definition, if restructuring costs associated with external restructuring activities allocated to DoD contracts are less than $2.5 million, the costs shall not be subject to the audit, review, and determination requirements of paragraph (c)(4) of this subsection; instead, the normal rules for determining cost allowability in accordance with FAR Part 31 shall apply.

  • Restructuring Date means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

  • Restructuring Expenses means losses, expenses and charges incurred in connection with restructuring by U.S. Borrower and/or one or more of its Subsidiaries, including in connection with integration of acquired businesses or persons, disposition of one or more Subsidiaries or businesses, exiting of one or more lines of businesses and relocation or consolidation of facilities, including severance, lease termination and other non-ordinary-course, non-operating costs and expenses in connection therewith.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Restructuring Plan means the Restructuring Plan attached hereto as Schedule 1.1.

  • Restructuring Charges means any charges or expenses in respect of restructuring or consolidating any business, operations or facilities, any compensation or headcount reduction, or any other cost savings, of any Persons or businesses either alone or together with the Company or any Restricted Subsidiary, as permitted by GAAP or Regulation S-X under the Securities Act.

  • Restructuring Effective Date has the meaning set out in the Restructuring Implementation Deed;

  • Term Sheets means any ABS Term Sheets, Structural Term Sheets and/or Collateral Term Sheets.

  • Collateral Acquisition Agreements means each of the agreements entered into by the Issuer in relation to the purchase by the Issuer of Collateral Debt Obligations from time to time.

  • Restructuring Support Agreement means that certain Restructuring Support Agreement, made and entered into as of March 16, 2018, by and among the Debtors, the Consenting Creditors (as defined therein) party thereto from time to time, and the Consenting Sponsors (as defined therein) party thereto from time to time, as such may be amended from time to time in accordance with its terms.

  • Restructuring has the meaning set forth in the Recitals.

  • Restructuring related costs means reasonably incurred costs

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Restructuring Transactions Memorandum means a document, to be included in the Plan Supplement, that sets forth the material components of the Restructuring Transactions and a description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan, including the reorganization of the Debtors and issuance of the New Valaris Equity, through the Chapter 11 Cases, the Plan, or any Implementation Mechanism (including, in the United Kingdom, through the Administration).

  • Acquisition Agreements means the Nexstar Acquisition Agreement and the Mission Acquisition Agreement, and “Acquisition Agreement” means the applicable agreement in the context used.

  • VIE Agreements means the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder Voting Rights Proxy Agreement and the Equity Pledge Agreement entered into by and among some or all of the Parties hereto on the same day this agreement is entered, including any supplemental agreements or amendments to such agreements, and any other agreements, contracts or legal documents executed or issued by one or more Parties and/or Party C’s affiliated enterprises from time to time to ensure the performance of the aforesaid agreements, signed or accepted by Party A in writing.

  • Commitment Letters has the meaning set forth in Section 4.5(b).

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Investment Agreements or “Flow-Through Agreements” means written agreements pursuant to which the Partnership will subscribe for Flow-Through Shares (including Flow-Through Shares issued as part of a unit) or agreements by the Partnership to otherwise invest in or purchase securities of a Resource Issuer, and in respect of Flow-Through Shares comprised of units, the Resource Issuer will covenant and agree:

  • Structural Term Sheets shall have the respective meanings assigned to them in the February 13, 1995 letter of Cleary, Gottlieb, Xxxxx & Xxxxxxxx on behalf of the Public Securities Association (which letter, and the SEC staff's response thereto, were publicly available February 17, 1995). The term "Collateral Term Sheet" as used herein includes any subsequent Collateral Term Sheet that reflects a substantive change in the information presented. "Computational Materials" has the meaning assigned to it in the May 17, 1994 letter of Xxxxx & Wood on behalf of Xxxxxx, Xxxxxxx & Co., Inc. (which letter, and the SEC staff's response thereto, were publicly available May 20, 1994). "Series Term Sheet" has the meaning assigned to it in the April 4, 1996 letter of Xxxxxx & Xxxxxxx on behalf of Greenwood Trust Company (which letter, and the SEC staff's response thereto, were publicly available April 5, 1996).

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • Existing Term Loans has the meaning specified in Section 2.16(a).