RJ Plan definition
Examples of RJ Plan in a sentence
The Borrower shall apply all amounts deemed advanced to it under this Agreement towards refinancing of the outstanding amounts due under the Replaced Facility Agreements, in accordance with the approval and confirmation (homologação judicial) (the “RJ Plan Confirmation”) of the Borrower’s RJ Plan filed within the 7th Corporate Court of the Judicial District of the State Capital of Rio de Janeiro, Brazil (the “Bankruptcy Court”).
Subject to the terms and conditions set forth herein, pursuant to the RJ Plan, on the RJ Closing Date, each Lender shall (i) have its related claims cancelled and novated and (ii) be deemed to have made a Loan to the Borrower in an aggregate principal amount equal to such ▇▇▇▇▇▇’s Commitment.
Under the Judicial Reorganisation, Oi, the Borrower, certain of its subsidiaries and its key stakeholders agreed on the terms of the RJ Plan (as defined below), which was ratified by the Bankruptcy Court on 5 February 2018.
The remaining amount of such Cash Sweep Debt, if any, after the Cash Flow Sweep will be recalculated and adjusted in accordance with this Agreement and the RJ Plan Amendment, and shall be repaid in accordance with the terms of this Agreement, which reflects the terms of the RJ Plan Amendment.
Adjustment Rate RJ Claims (with the exception of ▇▇ ▇▇▇▇▇▇ held by Supporting SESA Financial Creditors) shall be adjusted to reflect interest accrued from May 12, 2023 to June 30, 2024, capped at BRL405.5 million (which cap was reached on November 17, 2023, as reflected in Exhibit B to the RJ Plan as provided for in the RJ Plan (the “Updated Claims”).
Restructuring Support Agreement The Term Sheet shall be complemented by the Restructuring Support Agreement pursuant to the terms of the RJ Plan.
To the extent the Scheme of Arrangement is not approved or sanctioned by the UK Court, the RJ Company Parties shall still issue the New Securities, including the Restructured NY Notes and ADRs, as applicable, for the benefit of, at a minimum, the Noteholders that adhere to the Restructuring Support Agreement, and the Parties will negotiate in good faith any additional measures that may be necessary to implement the RJ Plan, this Term Sheet and the Restructuring Support Agreement to restructure the Notes.
Amount With the view of allowing for the implementation of the JR Plan and the restructuring of the JR Claims (including the Notes), Light will pursue a capital increase of a minimum of BRL 1,000,000,000.00 (one billion Brazilian Reais) and up to BRL 1,500,000,000.00 (one billion five hundred million Brazilian Reais) as per Sections 4.1.1(i) and 5.1 of the RJ Plan.
The RJ Company Parties agree to waive the condition to the effectiveness of the RSA provided under the RJ Plan, so that the RSA shall become effective upon execution by RJ Creditors holding, in aggregate, the majority of outstanding principal of Notes (the “CP”), by June 30, 2024 (or as otherwise may be extended by written agreement of the RJ Company Parties and the Term Sheet Creditors, the “CP Deadline”).
Lock-up Applicable to the shares issued pursuant to the New Money Capital Raise, including those to be issued as a result of the exercise of the warrants, as provided in Section 5.1.8 of the RJ Plan.