Asset Restructuring definition

Asset Restructuring means that, with respect to one or more Asset Issuer Obligations and in relation to an aggregate amount of not less than the Asset Default Requirement, any one or more of the following events occurs in a form that binds all holders of such Asset Issuer Obligation, is agreed between the Asset Issuer or a Government and a sufficient number of holders of such Asset Issuer Obligation to bind all holders of such Asset Issuer Obligation or is announced (or otherwise decreed) by an Asset Issuer or a Government in a form that binds all holders of such Asset Issuer Obligation, and such event is not expressly provided for under the terms of the Asset Issuer Obligation in effect as of the later of the Issue Date and the date as of which such Asset Issuer Obligation was first acquired by the Issuer:
Asset Restructuring means, as determined by the Calculation Agent, in relation to any Initial Assets or any Borrowed Money Obligation, the occurrence of any one or more of the following events (whether by operation of law, by agreement with holders of such Initial Assets, or otherwise) in a form that binds all holders of the relevant Initial Asset or Borrowed Money Obligation:
Asset Restructuring means that, with respect to any Initial Assets, any one or more of the following events has occurred (whether by operation of law, by agreement with holders of such Assets, or otherwise) in a form that binds all holders of the relevant Asset, as determined by the Calculation Agent:

Examples of Asset Restructuring in a sentence

  • Upon application by the company, the company’s stock resumed trading on February 8, 2018, and was transferred to the major asset restructuring since the opening on February 14, 2018.On June 25, 2018, the company held the third interim meeting of the ninth board of directors which reviewed and approved the Proposal on Terminating the Planning for Major Asset Restructuring.

  • On 31 December 2020, the Company convened the 2nd meeting of the seventh session of the board of directors, at which the “Resolution on Planning of Material Asset Restructuring and Signing of the Agreement of Intent on Acquisition of Equity Interest” was considered and approved.

  • In accordance with Article 45 of the Administrative Measures for the Major Asset Restructuring of Listed Companies, the price of a listed company’s share issue shall not be lower than 90% of the market reference price.

  • Accordingly, for the purpose of protecting the interest of the shareholders of the Company, the Major Asset Restructuring as a whole will be taken as a connected transaction.

  • Upon examination, the Board of the Company is of the view that the Transaction is in compliance with pertinent provisions of Article 4 of the Regulations on Certain Issues Concerning the Regulation of Major Asset Restructuring of Listed Companies.

  • Upon examination, the Board of the Company is of the view that the Transaction is in compliance with the pertinent provisions of Articles 11 and 43 of the Administrative Measures for the Major Asset Restructuring of Listed Companies.

  • Along with the Major Asset Restructuring, CSCL and its subsidiaries intend to lease vessels and containers owned or operated by CSCL to China COSCO or its subsidiaries and/or its associates by way of operating leases.

  • Under the restructuring plan, the Major Asset Disposal and the Major Asset Acquisition are inter-conditional and shall take place simultaneously, and if any of the contents cannot be materialized due to failure to obtain approval from competent authorities or regulatory agencies, all the other contents under the Major Asset Restructuring will not be materialized.

  • The Lease of Vessels and Containers and the Major Asset Restructuring will go through relevant approval procedures at the same time and be implemented separately upon having been approved.

  • We obtain M&A data from CSMAR Chinese Listed Firms’ M&A and Asset Restructuring Research Database.


More Definitions of Asset Restructuring

Asset Restructuring if specified as applicable, an Asset Restructuring, the Issuer will give a Notice of Redemption and will redeem the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date;

Related to Asset Restructuring

  • Restructuring has the meaning set forth in the Recitals.

  • Restructuring Date means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.