Examples of SunEdison Debtors in a sentence
XIV § 14.2).) On the SUNE Effective Date, the SunEdison Debtors transferred certain assets to the GUC/Litigation Trust for the benefit of holders of general unsecured claims (id.
Under the Settlement Agreement, upon the consummation of the Merger, all agreements between the Company and the SunEdison Debtors were deemed rejected, subject to certain limited exceptions, without further liability, claims or damages on the part of the Company.
Moreover, with certain limited exceptions, any agreements between SunEdison Debtors and SunEdison parties to the Settlement Agreement on the one hand and the Company on the other hand have been deemed rejected without further liability, claims or damages on the part of the Company.
During the course of 2016 and to date in 2017, the Company cured or obtained waivers or temporary forbearances with respect to most of these defaults and has transitioned, or is working to transition, the project-level services provided by SunEdison Debtors to third parties or in-house to a Company affiliate; however, certain of these defaults persist.
In addition, in a number of cases the SunEdison Bankruptcy resulted in defaults because SunEdison Debtors were serving as O&M and asset management services providers or as guarantors under relevant contracts.
As a result of SunEdison's emergence from bankruptcy in December of 2017, there is no longer any risk that the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) would order substantive consolidation of the Company with the SunEdison Debtors.
As part of its strategic alternatives process and the entry into the Merger Agreement, TerraForm Power also entered into the Settlement Agreement with the SunEdison Debtors on March 6, 2017.
Payables are recognised at the amounts payable when the Board becomes obliged to make future payments as a result of a purchase of assets or services.
In most of the Company's debt-financed projects, SunEdison Debtors were a party to a material project agreement or guarantor thereof, such as being a party to or guarantor of an asset management or O&M contract.
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