Examples of Arcapita Bank in a sentence
Only the creditors of Arcapita Bank, not AIHL, have any claims to these proceeds.
Any Holder of a Share in Arcapita Bank who does not elect to exchange its Shares for a Pro Rata Share of the Transferring Shareholder Warrants prior to the expiration of the one-year deadline shall retain its Shares in Arcapita Bank and the Pro Rata Share of Transferring Shareholder Warrants which such Holder would have received shall expire and be cancelled.
Arcapita Bank, through its Debtor and non-Debtor subsidiaries (collectively with Arcapita Bank, the “Arcapita Group”) is a leading global manager of Shari’ah-compliant alternative investments and operates as an investment bank.
Arcapita Bank obtained financing under a Master Murabaha Agreement dated May 30, 2011 by and between Arcapita Bank and SCB as Investment Agent (as amended, restated, supplemented, and/or otherwise modified, the “SCB May 2011 Facility”) which matured March 28, 2012.
The rights of the Rights Offering Participants to receive the Arcapita Bank Shares contemplated by the Rights Offering give rise to Subordinated Claims against Arcapita Bank (the “Rights Offering Claims”).
AIHL, a wholly-owned subsidiary of Arcapita Bank, was incorporated as a Cayman Islands exempted company in 1998 for the purpose of holding Arcapita Group’s ownership interests in investments.
Any Claims against Arcapita Bank and/or Falcon that are subject to subordination are treated in Classes 8(a), 8(g), 10(a) or 10(g) of the Plan.
As discussed above, Arcapita Bank is a privately owned Shari’ah-compliant investment company, the equity of which is held by approximately 360 shareholders.
On February 4, 2013, Arcapita Bank filed an amendment to Schedule F (Creditors Holding Unsecured Nonpriority Claims) of its schedules of assets and liabilities [Docket No. 821] (the “Schedule Amendment”), as described further below, and an amendment to its Statement of Financial Affairs [Docket No. 822].
To the extent that the Placement Banks hold any Claims against Arcapita Bank related to the Takings or otherwise, such Claims (except to the extent, if any, that the Placement Banks prevail in their assertion of secured set off claims) are treated in Class 5(a) of the Plan.