Examples of Approved Resolution Plan in a sentence
In terms of the Approved Resolution Plan, till the date of transfer of control of the Company to the proposed investors, the Company is being managed and controlled by the ERP under the guidance of the Secured Financial Creditors, in close co-ordination with the proposed investors.
SPC and/or the Corporate Debtor (as the case may be) shall enter into the relevant Definitive Agreements and shall implement the Approved Resolution Plan.
In terms of the Approved Resolution Plan, till the date of transfer of control of the Company to the proposed investors, the Company is being managed and controlled by the RP under the guidance of the Secured Financial Creditors, in close co-ordination with the proposed investors.
All the members of the consortium shall be jointly and severally liable in respect of obligations under the RFRP, the Resolution Plan and for the implementation of the Approved Resolution Plan.
As per the provisions of the Approved Resolution Plan, the suspended Board of Directors deemed to resign from the Board and a new Board has been formed.
The Resolution Applicants acknowledge that the acquisition of shares or assets of the Company, pursuant to implementation of Approved Resolution Plan, shall be subject to the existing pledges and such other security arrangements as considered satisfactory by the CoC.
Pursuant to such conversion, the proportionate reduction in Outstanding ARC Debt as per clause 1.2 (xii) of the Approved Resolution Plan is ` 5240.14 crore.
During the third quarter of 2014, the number of people in Rayong filed several lawsuits with the Civil Court and the Rayong Provincial Court against the Company to claim the extra compensation from oil spill incident and to perform the rehabilitation of the sea and natural environmental recovery.
The Resolution Applicant acknowledges that implementation of Approved Resolution Plan may be subject to approvals including approvals from the CoC and the Adjudicating Authority, other regulatory and statutory approvals and the Resolution Applicant shall, as and when required, submit the necessary applications and obtain approvals prior to the Transfer Date.
The Successful Resolution Applicant shall enter into Definitive Agreements ( defined below) as may be directed by the CoC, as required to implement the Approved Resolution Plan.