SIHPL Section 155 Proposal definition

SIHPL Section 155 Proposal means the compromise or arrangement dated 19 January 2021 (including any addendum thereto or any amendment, modification or variation thereof) and as made available at www.steinhoffsettlement.com, to be proposed by SIHPL to certain classes of its creditors pursuant to section 155 of the South African Companies Act (2008) (as may be supplemented, amended, modified or varied) which includes the respective application to the South African Court for the sanctioning of the section 155 proposal as well as the order of the South African Court that sanctions the section 155 proposal.
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Examples of SIHPL Section 155 Proposal in a sentence

  • There is no subsisting default in the redemption of preference shares issued by the Company or in payment of dividend due on any preference shares issued by the Company, in the past.

  • BUSINESS CREDIT APPLICATIONThis application plus Business Profile, Credit Card Authorization, Terms & Conditions (2) years' business financial statements.

  • SRF confirms that it is bound by the provisions in this SIHNV Composition Plan as if it were a party hereto and acknowledges and accepts its duties and obligations following from and in connection with the execution and implementation of this SIHNV Composition Plan and the SIHPL Section 155 Proposal, as is evidenced by its signature to this SIHNV Composition Plan included as Schedule 10 (SRF Signature Page).

  • This additional contribution, referred to as the SIHPL MPC Settlement Fund, will be allocated proportionately among only the SIHPL MPC Claimants based on the Steinhoff Allocation Plan and under the terms of the SIHPL Section 155 Proposal.

  • ZAR 62,000,000 and (ii) issue a loan note to SIHNV in the sum of the settlement consideration ultimately provided by SIHNV to the SIHPL MPC Claimants under the terms of the SIHPL Section 155 Proposal.

  • In consideration of the settlement by SIHNV of the SIHPL MPC Relevant Claims under the SIHPL Section 155 Proposal, SIHPL will (i) restate an existing loan owed by SIHPL to SIHNV of approx.

  • This sum depends on the size of the group of the SIHPL MPC Claimants that is entitled to a share of the SoP Settlement Fund pursuant to the SIHPL Section 155 Proposal.

  • Whilst SIHPL and SIHNV received positive responses to the increased settlement offer referred to in section 2.2.1, SIHPL and SIHNV concluded that additional support was required to achieve certainty of outcome under the SIHPL Section 155 Proposal proposed in South Africa.

  • The success of the Steinhoff Group Settlement is dependent on both this SIHNV Composition Plan and the SIHPL Section 155 Proposal becoming effective, so that there is a resolution of all or substantially all of the Litigation and potential recourse claims in both estates.

  • This additional contribution will strengthen the overall levels of support for the SIHPL Section 155 Proposal.

Related to SIHPL Section 155 Proposal

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).

  • Transaction Proposal has the meaning specified in Section 8.02(c).

  • Alternative Transaction Proposal means any offer, inquiry, proposal or indication of interest, written or oral (whether binding or non-binding and other than an offer, inquiry, proposal or indication of interest by Parent or an Affiliate of Parent), relating to an Alternative Transaction.

  • Alternative Proposal has the meaning set forth in Section 6.2(b).

  • Superior Proposal Notice has the meaning specified in Section 5.4(1)(c).

  • Company Acquisition Proposal means any proposal for a merger or other business combination involving the Company or the acquisition of any equity interest in, or a substantial portion of the assets of, the Company, other than the transactions contemplated by this Agreement.

  • Superior Acquisition Proposal means a bona fide Acquisition Proposal made by a third party for one or more of the McNeil Partnerships which the general partner of each such McNeil Partnership determines in good faith to be more favorable to the limited partners of such McNeil Partnership from a financial point of view than the Mergers and the other transactions contemplated by this Agreement with respect to such McNeil Partnership, and which such general partner determines in good faith is reasonably likely to be consummated.

  • Integration Proponent means in relation to an Integration Agreement, "the Company" or "the Joint Venturers" as the case may be as defined in, and for the purpose of, that Integration Agreement; "iron ore" includes, without limitation, beneficiated ore; "laws relating to native title" means laws applicable from time to time in the said State in respect of native title and includes the Native Xxxxx Xxx 0000 (Commonwealth);

  • Responsive Proposal means a Proposal that complies with the material provisions of this RFP.

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Transaction Proposals has the meaning specified in Section 8.2(b).

  • Company Superior Proposal shall have the meaning set forth in Section 7.4(b).

  • Competing Proposal shall have the meaning set forth in Section 6.5(f)(i).

  • Bid Proposal or “Proposal” means the bidder’s proposal submitted in response to the RFP.

  • Eligible Proposal means a Proposal that meets or exceeds the prescribed requirement, proceeding to the next stage of evaluation;

  • Unsolicited proposal means a written proposal for a public-private initiative that is submitted by a private entity for the purpose of entering into an agreement with the department but that is not in response to a formal solicitation or request issued by the department.

  • Proposal means the Technical Proposal and the Financial Proposal.

  • Notice of Superior Proposal has the meaning set forth in Section 5.09(e).

  • Request for Proposals (RFP means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Superior Company Proposal has the meaning set forth in Section 6.02(e).

  • Takeover Proposal means any offer or proposal for, or any indication of interest in, a merger or other business combination involving Target or the acquisition of any significant equity interest in, or a significant portion of the assets of, Target, other than the transactions contemplated by this Agreement.

  • Parent Acquisition Proposal means any offer, indication of interest or proposal (other than an offer or proposal made or submitted by or on behalf of the Company or any of its Subsidiaries) contemplating or otherwise relating to any Parent Acquisition Transaction.

  • approved proposal means a proposal approved or deemed to be approved under this Agreement;

  • Request for Proposal (RFP means the solicitation document issued by Purchasing to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.

  • Business Combination Proposal has the meaning set forth in Section 5.8.

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.