Restructuring Proceedings definition

Restructuring Proceedings means restructuring proceedings within the meaning of article 28 et seq. of the Swiss Banking Act, and article 40 et seq. of the Swiss Banking Insolvency Ordinance, or any successor Swiss law or regulation or analogous Swiss law or regulation applicable to banks or bank holding companies in Switzerland such as the Guarantor.

Restructuring Proceedings means restructuring proceedings within the meaning of article 28 et seq. of the Swiss Banking Act or any successor Swiss law or regulation or analogous Swiss law or regulation applicable to banks or bank holding companies incorporated under the laws of Switzerland such as UBS Group AG.

Restructuring Proceedings means the Safeguard, the Chapter 11 Cases and the Chapter 15 Case.

Examples of Restructuring Proceedings in a sentence

• For the avoidance of doubt, any consequences resulting from any Protective Measures ordered by the Swiss Resolution Authority with respect to UBS Group AG that are ordered outside of and independently of any UBS Group Restructuring Proceedings that would otherwise constitute a default or an Event of Default will constitute a default or an Event of Default, as applicable.

• In the case of a Post-Restructuring Exchange, the Trustee will promptly deliver to the Holders (i) the New Notes and (ii) payment in cash of any accrued and unpaid interest on the Notes as of the date immediately prior to the date of such exchange, (but only to the extent that such interest has not been written-down and cancelled or converted into equity of the Guarantor in connection with the relevant Guarantor Restructuring Proceedings).

• In the case of a Post-Restructuring Exchange, the Trustee will promptly deliver to the Holders (i) the New Securities and (ii) payment in cash of any accrued and unpaid interest, if any, on the Securities to, but excluding, the date of such exchange (but only to the extent that such interest has not been written-down and cancelled or converted into equity of the Guarantor in connection with the relevant Guarantor Restructuring Proceedings).

• By its acquisition of the Notes, each holder of the Notes (including each beneficial owner) will be deemed to have waived any right of set-off, compensation or retention, or in respect of such other netting arrangement in respect of any amount with respect to the Notes or the applicable Indenture that they might otherwise have against the Company or the Guarantor, whether before or during their respective Restructuring Proceedings or winding up of the Company or the Guarantor.

• In the case of a Post-Restructuring Exchange, the Trustee will promptly deliver to the Holders (i) the New Securities and (ii) payment in cash of any accrued and unpaid interest, if any, on the Notes to, but excluding, the date of such exchange, (but only to the extent that such interest has not been written-down and cancelled or converted into equity of the Guarantor in connection with the relevant Guarantor Restructuring Proceedings).

More Definitions of Restructuring Proceedings

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

Restructuring Proceedings has the meaning set forth in the PSA.

Restructuring Proceedings means restructuring proceedings within the meaning of article 28 et. seq of the Swiss Banking Act and article 40 et. seq. of the Swiss Banking Insolvency Ordinance, or any successor or analogous Swiss law or regulation applicable to banks or bank holding companies in Switzerland such as Credit Suisse Group AG;

Restructuring Proceedings means, other than the Chapter 11 Cases, Dutch Proceeding, any Recognition Proceeding, or any other action or proceeding taken in furtherance of or in connection with the Restructuring Transactions with the consent of the Company Parties and the Required Consenting Creditors, the appointment of an administrator, liquidator, provisional liquidator, bankruptcy or proposal trustee, receiver, administrative receiver or similar officer in respect of any Company Party or any Affiliate thereof, or the winding up, liquidation, provisional liquidation, dissolution, administration, reorganization, composition, compromise, or arrangement of or with any Company Party or any Affiliate thereof, or any equivalent or analogous appointment or proceedings under the law of any other jurisdiction.

Restructuring Proceedings means restructuring proceedings within the meaning of article 28 et seq. of the FBA.

Restructuring Proceedings has the meaning set forth in the recitals to this Agreement. “Restructuring Term Sheets” has the meaning set forth in the recitals to this Agreement. “Restructuring Transactions” has the meaning set forth in the recitals to this Agreement. “Rights Offering” has the meaning ascribed to it in the RJ Plan Term Sheet.

Restructuring Proceedings has the meaning assigned to such term in the Recitals.