RESOLUTION PLAN Sample Clauses

RESOLUTION PLAN. 4.1 The resolution plan in respect of the Facilities availed by a Borrower may involve, amongst other, one or more of the following terms: (a) transfer of all or part of the assets of the Borrower to one or more persons; (b) transfer/assignment/novation of all or part of the Facilities (together with underlying securities, guarantees etc.) to one or more persons at the value approved by the Majority Lenders; (c) bifurcation of debt into sustainable and unsustainable portions, writing off of any debt and additional financing to the Borrower; (d) release of any security created on the assets of the Borrower or any other person; (e) sale of all or part of the assets whether subject to any security interest or not; (f) the acquisition of shares of the Borrower, or the merger or consolidation of the Borrower with one or more persons; (g) satisfaction or modification of any security interest; (h) curing or waiving of any breach of the terms of any Facilities due from a Borrower; (i) extension of a maturity date or a change in interest rate or other terms of the Facilities; (j) amendment of the constitutional documents of the Borrower; (k) issuance of securities of the Borrower, for cash, property, securities, or in exchange for claims or interests, or other appropriate purpose; (l) obtaining necessary approvals from the Central and State Governments and other authorities; (m) transfer or assignment of appointment of any third party contractor/agency to operate the project being undertaken by the Borrower or to manage the operations of the Borrower; (n) appointment of any third party contractor/agency to operate the project being undertaken by the Borrower or to manage the operations of the Borrower; and (o) any other scheme of arrangement in accordance with the Applicable Law including the Companies Act, 2013. (the debt restructuring/resolution scheme undertaken in accordance with the aforesaid broad contours is hereinafter referred to as the “Resolution Plan”). 4.2 Amongst other factors as applicable to each case, the Lead Lender shall take into account the following considerations for preparing a Resolution Plan: (a) the Resolution Plan shall be in compliance with the Regulatory Framework and all other Applicable Laws, as applicable and amended from time to time; (b) any exclusive Third Party Security held by a Relevant Lender; and (c) the existing security sharing arrangement amongst the Relevant Lenders.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
RESOLUTION PLAN. First Data shall prepare a resolution plan (“Resolution Plan”) which shall contain: (A) alternate solutions for providing to RCSI the requested functionality including at least one solution involving development of the missing functionality through additions to or modifications of the First Data System and at least one solution using the current First Data System functionality ***, and (B) an estimate (in hours) of development and other work necessary to implement each proposed solution and the cost to RCSI based upon Schedule C. If one of the proposed solutions is not an integrated change to the First Data System, First Data shall explain why and its justifications for such omission; provided, however that if RCSI is requesting a change in process and/or Services relating to an GECF-A Designated Account, the proposed solutions must include an integrated change in the First Data System. RCSI will determine whether to proceed or will identify the solution to be further pursued.
Sample 1Sample 2
RESOLUTION PLAN. Provide input to the preparation and updating of the Resolution Plan in the context set out in Art. 6(3) above. Where a CMG Member or CMG Observer has material concerns regarding the Resolution Plan, it should submit such concerns in writing to DNB as well as the other CMG Members and CMG Observers as soon as reasonably possible, also setting out proposed remedies.
Sample 1
RESOLUTION PLAN. 5.1 The resolution plan in respect of the Facilities availed by the Borrower may involve, amongst other, any action/plan/reorganization including without limitation the following: (a) regularisation of the Borrower’s account by payment of all overdue amounts to all Lenders by the Borrower; (b) transfer of all or part of the assets of the Borrower to one or more persons; (c) transfer/assignment/novation of all or part of the Facilities (together with underlying securities, guarantees etc.) to one or more persons at the value approved by the Majority Lenders; (d) bifurcation of debt into sustainable and unsustainable portions, writing off of any debt and additional financing to the Borrower; (e) release of any security created on the assets of the Borrower or any other person; (f) sale of all or part of the assets whether subject to any security interest or not; (g) the acquisition of shares of the Borrower, or the merger or consolidation of the Borrower with one or more persons; (h) satisfaction or modification of any security interest; (i) curing or waiving of any breach of the terms of any Facilities due from the Borrower;
Sample 1
RESOLUTION PLAN. Draft and periodically update the Resolution Plan for the CCP, which considers, amongst others, resolution of the CCP as a whole or in part as well as the financial stability impact thereof in all relevant jurisdictions. To the extent permitted by applicable law, DNB will share the Resolution Plan with the CMG Members and, where possible, take into account their comments. As soon as DNB, in whatever capacity, can reasonably foresee that either the CCP will take recovery measures or DNB could or will exercise any supervisory, recovery or resolution action in respect of the CCP to achieve financial stability, DNB shall inform all other CMG Members and CMG Observers thereof.
Sample 1
RESOLUTION PLAN. Draft and periodically update the Resolution Plan for the CCP, which considers, amongst others, resolution of the CCP as a whole or in part as well as the financial stability impact thereof in all relevant jurisdictions. In accordance with Articles 11 and 12 and to the extent permitted by applicable law, CNMV will share the draft Resolution Plan (and any update thereto) with the CMG Members and, where possible, take into account their comments.
Sample 1

Related to RESOLUTION PLAN

  • Action Plan A form documenting key tasks that must be completed to create change. Action plans detail how resources are to be used to get the planned work done.

  • Resolution Procedure a. Step 1 i. The complainant, if comfortable with that approach, may choose to speak to or correspond directly with the alleged harasser to express their feelings about the situation. ii. Before proceeding to Step 2, the complainant may approach their administrative officer, staff rep or other contact person to discuss potential means of resolving the complaint and to request assistance in resolving the matter. If the matter is resolved to the complainant's satisfaction the matter is deemed to be resolved. Refer to Article E.

  • DNS resolution RTT Refers to either “UDP DNS resolution RTT” or “TCP DNS resolution RTT”.

  • TCP DNS resolution RTT Refers to the RTT of the sequence of packets from the start of the TCP connection to its end, including the reception of the DNS response for only one DNS query. If the RTT is 5 times greater than the time specified in the relevant SLR, the RTT will be considered undefined.

  • UDP DNS resolution RTT Refers to the RTT of the sequence of two packets, the UDP DNS query and the corresponding UDP DNS response. If the RTT is 5 times greater than the time specified in the relevant SLR, the RTT will be considered undefined.

  • Resolution If the Employer provides the requested remedy or a mutually agreed-upon alternative, the grievance will be considered resolved and may not be moved to the next step.

  • Problem Resolution The parties shall meet and attempt to resolve all disputes and differences that may arise between the parties hereto concerning construction, interpretation, performance, operations, or breach of the matters referred to in this Agreement prior to seeking any legal remedy.

  • Formal Resolution 1. Service Provider or TJJD staff who wish to submit problems for resolution may do so in writing, including all relevant information and a recommended resolution (Statement of Problem). 2. The Statement of Problem will be submitted to the designated contact unless the problem specifically involves the designated contact, in which case, it will be submitted to the designated contact’s supervisor. 3. Problems are to be addressed within ten (10) working days; a written decision will be sent to the individual or program that submitted it, with copies retained by the designated contact and the designated contact’s supervisor.

  • DISPUTES RESOLUTION PROCEDURE 10.1 A major objective of this Agreement is to eliminate lost time and/or production arising out of disputes or grievances. The Parties to this Agreement are committed to complying with the terms of this procedure.

  • Informal Resolution Outcomes a. When a complainant approaches an administrative officer and alleges harassment by another BCTF member, the following shall apply: i. All discussions shall be solely an attempt to mediate the complaint; ii. Any and all discussions shall be completely off the record and will not form part of any record; iii. Only the complainant, respondent, and administrative officer shall be present at such meetings iv. No discipline of any kind would be imposed on the respondent; and v. The BCTF and its locals, based on the foregoing, will not invoke the notice of investigation and other discipline provisions of the collective agreement at meetings pursuant to Article E.2.5.a. b. Should a resolution be reached between the complainant and the respondent at Step One under the circumstances of Article E.2.5.a, it shall be written up and signed by both. Only the complainant and the respondent shall have copies of the resolution and they shall be used only for the purpose of establishing that a resolution was reached. No other copies of the resolution shall be made. c. In the circumstances where a respondent has acknowledged responsibility pursuant to Article E.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!