Scheme Creditors Clause Samples

Scheme Creditors. Claims Any claim against or in respect of any liability of the Issuer and/or the Parent Guarantor to a Scheme Creditor arising, directly or indirectly, in relation to, or arising out of or in connection with the Existing Notes (together in aggregate, the “Scheme Creditors’ Claims”). On the Restructuring Effective Date and upon payment of the Cash Redemption (as defined below) and issuance of the New Notes (as defined below), the Scheme Creditors will release all claims against the Issuer, the Parent Guarantor, any and all of the subsidiaries of the Parent Guarantor, and the shareholders, officers, directors, advisors and representatives, or office-holders, of each of the foregoing under the Existing Notes in consideration for the Restructuring Consideration (as defined below) pursuant to the terms of the Restructuring Support Agreement, the documents to be entered into in connection with the New Notes (as defined below) and all documents, agreements and instruments necessary or desirable to support, facilitate, implement or consummate or otherwise give effect to all or any part of the Restructuring (together, the “Restructuring Documents”).