SIHNV Composition Plan definition

SIHNV Composition Plan means this composition plan (ontwerp van een akkoord). "SIHNV Contingent Payment Undertakings" means the:
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SIHNV Composition Plan means the draft composition plan (in Dutch: “ontwerpakkoord”) originally dated 15 February 2021, substantially in the form as submitted by SIHNV together with its application for the SoP Proceedings dated 15 February 2021 and as may be amended until the court hearing scheduled pursuant to Section 255(1)(2°) of the Dutch Bankruptcy Act (in Dutch: “Faillissementswet”);
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SIHNV Composition Plan means the composition plan (ontwerp van akkoord) pursuant to Section 252 of the Dutch Bankruptcy Act (Faillissementswet), to be as offered by SIHNV to its creditors (as may be amended) and as accepted by them the committee of representation (commissie van vertegenwoordiging) in the court hearing scheduled pursuantto Section 255(1)(2o) of the Dutch Bankruptcy Act and confirmed (gehomologeerd) by the competent court in a final and unappealable judgment (in kracht van gewijsde);
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Examples of SIHNV Composition Plan in a sentence

  • Accordingly, the rights of the Other Unsecured Creditors will be preserved under this SIHNV Composition Plan.

  • Without the Financial Restructuring, it is unlikely that SIHNV would have been in the financial position to offer this SIHNV Composition Plan and the Distribution Creditors would not have been able to receive the same (if any) recovery on their Claims against SIHNV.

  • It is essential to note, however, that this Proposal is inter-conditional with, and dependent on the success of, a proposal by SIHNV for the settlement and compromise of its litigation and financial liabilities in accordance with the terms of the SIHNV Composition Plan.

  • SIHNV believes that this SIHNV Composition Plan represents the best achievable settlement offer to its creditors.The claims of the Distribution Creditors have been valued in accordance with the Valuation Principles.

  • Each MPC Claimant and SIHNV Contractual Claimant whose Claim is accepted under the terms of this SIHNV Composition Plan and/or the SIHPL Section 155 Proposal will be entitled to a pro rata share of the SoP Settlement Fund in proportion to its Claim Value as determined by SRF.

  • One of these reflects the fact that the Proposal is being made in conjunction with, and is dependent on the success of, a proposal by SIHNV for the settlement and compromise of its litigation and financial liabilities in accordance with the terms of the SIHNV Composition Plan.

  • First of all, it is important to emphasise that this SIHNV Composition Plan is offered to creditors, rather than (current) shareholders of SIHNV.

  • This Schedule sets out the principles for the valuation of the Claims of each Distribution Creditor, which shall be their Claim Value for the purposes of this SIHNV Composition Plan.

  • Finally, it would cause their Claim Values to change over time, which would complicate the calculation of the settlement distributions offered pursuant to this SIHNV Composition Plan (which is expected to occur over time as well, rather than at a single interval).1.9 Therefore, with a view to efficiency and consistency, the accrual of statutory interest is not taken into account for the Claim Values of the SIHNV MPC Relevant Claims.

  • The actual recovery of each SIHNV MPC Claimant and SIHNV Contractual Claimant will therefore depend on the total Claim Value of the Claims that are in fact timely filed and accepted under the terms of this SIHNV Composition Plan and the SIHPL Section 155 Proposal (as applicable) by the SIHNV MPC Claimants, SIHPL MPC Claimants and SIHNV Contractual Claimants.

Related to SIHNV Composition Plan

  • Biological product means a virus, therapeutic serum, toxin, antitoxin, vaccine, blood, blood component or derivative, allergenic product, protein other than a chemically synthesized polypeptide, or analogous product, or arsphenamine or any derivative of arsphenamine or any other trivalent organic arsenic compound, applicable to the prevention, treatment, or cure of a disease or condition of human beings.

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • Assistive technology device means any item, piece of equipment, or product system that is used to increase, maintain, or improve the functional capacities of a child with a disability.

  • Development Plan has the meaning set forth in Section 3.2.