Telewest Liabilities Sample Clauses
The 'Telewest Liabilities' clause defines the specific obligations and financial responsibilities that Telewest, as a party to the agreement, assumes under the contract. This clause typically outlines the types of liabilities Telewest is accountable for, such as damages, losses, or claims arising from its actions or omissions during the course of the agreement. For example, it may specify that Telewest is responsible for any third-party claims resulting from its breach of contract or negligence. The core function of this clause is to clearly allocate risk and responsibility, ensuring that all parties understand the extent of Telewest's liabilities and reducing the potential for disputes over who is responsible for certain losses or damages.
Telewest Liabilities. All liabilities of the Company at the Effective Date arising directly, or indirectly, in relation to, or arising out of or in connection with: (a) the Notes; (b) the Indentures; (c) the Accreting Convertible Notes due 2003 originally issued to Deutsche Telekom (the “Accreting Notes”); (d) the Company’s guarantee of the 6% Senior Convertible Notes due 2005 issued by Telewest Jersey (the “Jersey Notes”) (the “Jersey Guarantee Liability”); and (e) inter-company debt balances owed by the Company to Telewest Jersey in relation to the on-loan of the proceeds of issue of the Jersey Notes (the “Intercompany Debt”), including any liability of the Company in respect of loss or damage suffered or incurred as a result of, or in connection with, such liability (the “Telewest Liabilities”), will be cancelled and exchanged for an entitlement to receive new shares (“New Shares”) in the capital of New Telewest or, in certain circumstances, the proceeds of sale of such New Shares. No other liabilities of the Company will be compromised as part of the Plc Scheme.
Telewest Liabilities. All liabilities of the Company at the Effective Date arising directly, or indirectly, in relation to, or arising out of or in connection with: (a) the Notes; (b) the Indentures; (c) the Accreting Convertible Notes due 2003 originally issued to Deutsche Telekom (the "Accreting Notes"); (d) the Company's guarantee of the 6% Senior Convertible Notes due 2005 issued by Telewest Jersey (the "Jersey Notes") (the "Jersey Guarantee Liability"); and (e) inter-company debt balances owed by the Company to Telewest Jersey in relation to the on-loan of the proceeds of issue of the Jersey Notes (the "Intercompany Debt"), including any liability of the Company in respect of loss or damage suffered or incurred as a result of, or in connection with, such liability (the "Telewest Liabilities"), will be cancelled and exchanged for an entitlement to receive new shares ("New Shares") in the capital of New Telewest or, in certain circumstances, the proceeds of sale of such New Shares. No other liabilities of the Company will be compromised as part of the Plc Scheme. Jersey Liabilities: All liabilities of Telewest Jersey arising directly, or indirectly, in relation to, or arising out of or in connection with: (a) the Jersey Notes; (b) the Jersey Guarantee Liability; and (c) the Intercompany Debt, including any liability of Telewest Jersey in respect of loss or damage suffered or incurred as a result of, or in connection with, such liability (the "Jersey Liabilities") will be cancelled and exchanged for an entitlement to receive the New Shares to which Telewest Jersey will become entitled to receive under the Plc Scheme. No other liabilities of Telewest Jersey will be compromised as part of the Jersey Scheme. Principal amounts: The principal amounts (the "Principal Amounts") as at the record date for the Plc Scheme and the Jersey Scheme (the "Record Date") will be: (a) in respect of the Notes and the Accreting Notes, the aggregate of the face value or accreted amount; and (b) in respect of each of the Jersey Guarantee Liability and the Intercompany Debt, the aggregate face value of the Jersey Notes.
Telewest Liabilities. All liabilities of the Company at the Effective Date in respect of: (a) the Notes other than the 6% Senior Convertible Notes due 2005 issued by Telewest Jersey (the “Jersey Notes”); (b) the Accreting Convertible Notes due 2003 issued to Deutsche Telekom (the “Accreting Notes”); (c) the Company’s guarantee of the Jersey Notes (the “Jersey Guarantee Liability”); and (d) inter-company debt balances owed by the Company to Telewest Jersey in relation to the on-loan of the proceeds of issue of the Jersey Notes (the “Intercompany Debt”), together with all interest, accruals, derivative or other claims arising in respect of such liabilities against the Company (the “Telewest Liabilities”), will be cancelled and exchanged for new ordinary shares in the capital of the Company (“New Shares”). No other liabilities of the Company will be compromised as part of the Plc Scheme.