Sanction Order definition

Sanction Order means the Court Order to be sought by the Participating CCAA Parties from the Court as contemplated under the Plan which, inter alia, approves and sanctions the Plan and the transactions contemplated thereunder, pursuant to section 6(1) of the CCAA, substantially in the form of Schedule “E” or otherwise in form and content acceptable to the Participating CCAA Parties, the Monitor and the Parent, in each case, acting reasonably;

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Sanction Order means the order of the Court made in the Proposal Proceeding approving the Proposal and directing the implementation of the Proposal.

Sanction Order means an Order of the Court sanctioning and approving the Plan, as it may be amended by the Court.

Examples of Sanction Order in a sentence

No amendments to the Scheme Document shall be made after the granting of the Sanction Order.
Each Person to whom Transocean Shares will be issued on completion of the Business Combination will be given adequate notice in accordance with the Interim Order advising them of their right to attend and appear before the Court at the hearing of the Court for the Sanction Order and providing them with adequate information to enable such Person to exercise such right.
Except for obtaining the Valaris Required Approval by the Valaris Shareholders and the filing of the required documents and other actions in connection with the Scheme of Arrangement and receipt of the Sanction Order, no other corporate proceeding on the part of Valaris is necessary for the consummation of the transactions contemplated by the Scheme of Arrangement.
The Business Combination shall be structured and executed such that, assuming the Court considers the fairness of the terms and conditions of the Business Combination to the Valaris Shareholders and grants the Sanction Order, the issuance of the Transocean Shares issuable to Valaris Shareholders under the Business Combination will not require registration under the U.S. Securities Act, in reliance upon Section 3(a)(10) thereof.

More Definitions of Sanction Order

Sanction Order means the Order of the Court sanctioning and approving the Plan.

Sanction Order means this Sanction Order, including the Schedules hereto, as may be amended or varied from time to time by subsequent Court Order;

Sanction Order means the Order to be granted by the Court as contemplated under the Plan which, inter alia, approves and sanctions the Plan and the transactions and releases contemplated thereunder, which shall be a Final Order;

Sanction Order means the Order of the Court to be sought by the Monitor from the Court as contemplated under the Plan which, inter alia, approves and sanctions the Plan and the transactions contemplated thereunder, pursuant to section 6(1) of the CCAA;

Sanction Order means the Order of the Court sanctioning and approving this Plan pursuant to section 6(1) of the CCAA, which shall include such terms as may be necessary or appropriate to (i) give effect to this Plan, in form and substance satisfactory to the Applicant and the Majority Consenting Noteholders, each acting reasonably, and (ii) allow Jaguar to rely on the exemption from registration set forth in section 3(a)(10) of the US Securities Act;

Sanction Order means an Order made by the Court under the CCAA, among other things, to sanction, authorize and approve the Plan;

Sanction Order means an Order to be made under the CCAA that, among other things, sanctions, authorizes and approves, and directs the Company to implement and complete the Plan, the Acquisition Agreement, the Plan Transactions and the Acquisition Transactions.