Scheme Proof definition

Scheme Proof has the meaning given to that term at paragraph 3.4(b) (Liquidation of LFSL) of Schedule 4 (Continuity of payments to Scheme Creditors).
View Source

Examples of Scheme Proof in a sentence

  • Each Proving Scheme Creditor shall receive a share of the Trust Assets in the proportion that its Scheme Proof (as determined in accordance with the Insolvency Rules) bears to the total amount of Scheme Proofs (as determined in accordance with the Insolvency Rules) of all Proving Scheme Creditors.

Related to Scheme Proof

  • scheme year means a period of one year beginning with 1st April and ending with 31st March;

  • the Scheme means the Local Government Pension Scheme in

  • Scheme of Arrangement means a scheme of arrangement, share for share exchange or analogous procedure.

  • Scheme means the Water Regulations Advisory Scheme;

  • Scheme Rules means the applicable SEPA direct debit or credit transfer scheme rules of the European Payments Council as amended from time to time.