Bermuda Dissolution Proceedings definition

Bermuda Dissolution Proceedings means the liquidation proceedings under Bermuda law under which Reorganized Seadrill, Reorganized NADL, and Reorganized Sevan will be wound up and dissolved.
Sample 1Sample 2Sample 3
Bermuda Dissolution Proceedings has the meaning set forth in this Restructuring Term Sheet.
Sample 1Sample 2
Bermuda Dissolution Proceedings means the liquidation proceedings under Bermuda law under which Seadrill Limited will be wound up and dissolved.
Sample 1

Examples of Bermuda Dissolution Proceedings in a sentence

  • However, fees may be charged for materials.If space restrictions or program requirements limit the number of people who may attend, preference will be given to residents of Prattsburg.Persons attending Library programs are expected to adhere to the Rules of Conduct.All Leaders of Library programs (including staff, volunteers or members of Friends of the Library) are responsible for clean-up after use as detailed in Rules for Groups.

  • All holders of Interests against Seadrill Limited, NADL, and Sevan were given a full and fair opportunity to participate in the Chapter 11 Cases and the Bermuda Dissolution Proceedings, and raise any arguments against or objections to Confirmation and such objections are hereby overruled.

  • The Bermuda Dissolution Proceedings and the formation of New Seadrill, New NADL, and New Sevan will be described in greater detail in the Description of Transaction Steps to be included in the Plan Supplement.

  • Bermuda Dissolution Proceedings On the Plan Effective Date, three new holding companies will be established for the purpose of carrying out certain transactions under the Plan with respect to each of Seadrill (such holding company, “New Seadrill”), NADL (such holding company, “New NADL”), and Sevan (such holding company, “New Sevan”).

Related to Bermuda Dissolution Proceedings

  • winding-up proceedings means collective proceedings involving realisation of the assets and distribution of the proceeds among the creditors, shareholders or members as appropriate, which involve any intervention by administrative or judicial authorities, including where the collective proceedings are terminated by a composition or other analogous measure, whether or not they are founded on insolvency or are voluntary or compulsory;

  • CCAA Proceedings means the proceedings commenced by the Applicant under the CCAA as contemplated by the Initial Order;

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Formal proceedings means proceedings conducted before a judge with notice to interested persons.

  • Event of Dissolution shall have the meaning set forth in Section 10.1.

  • Dissolution Event has the meaning set forth in Section 6.1.

  • Insolvency Proceedings means bankruptcy, liquidation or other collective judicial or administrative proceedings, including interim proceedings, in which the assets and affairs of the debtor are subject to control or supervision by a court for the purposes of reorganisation or liquidation;

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • dissolution “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

  • Dissolution Date means, as the case may be:

  • Early Dissolution Event has the meaning specified in Section 9.2.

  • relevant proceedings means proceedings for contempt of court or proceedings under Schedule 2 to the Anti-social Behaviour, Crime and Policing Act 2014;

  • CCAA means the Companies’ Creditors Arrangement Act (Canada).

  • Chapter 11 Cases means (a) when used with reference to a particular Debtor, the case pending for that Debtor under chapter 11 of the Bankruptcy Code in the Bankruptcy Court and (b) when used with reference to all the Debtors, the procedurally consolidated chapter 11 cases pending for the Debtors in the Bankruptcy Court.

  • Winding-Up means, with respect to the Issuer, a final and effective order or resolution for the bankruptcy, winding-up, liquidation, receivership or similar proceeding in respect of the Issuer (except for the purposes of a consolidation, amalgamation, merger or reorganisation the terms of which have previously been approved by an Extraordinary Resolution of the Noteholders); and

  • Chapter 11 Case has the meaning set forth in the Recitals.

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • Bankruptcy Cases has the meaning set forth in the Recitals.

  • Winding Up Period means the period from the Dissolution Event to the Termination of the Company.

  • Bond proceedings means, collectively, this Resolution, the Certificate of Award, the Continuing Disclosure Agreement, the Registrar Agreement, the Purchase Agreement, and such other proceedings of the Board, including the Bonds, that provide collectively for, among other things, the rights of holders and beneficial owners of the Bonds.

  • criminal proceedings means criminal proceedings in relation to which the strict rules of evidence apply;

  • Chapter 11 means Chapter 11 of the Bankruptcy Code.

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.

  • Scheduled Dissolution Date means, in respect of each Series, the date specified as such in the applicable Final Terms;

  • Reorganization Cases means the cases filed by the Debtors under Chapter 11 of the Bankruptcy Code.

  • civil proceedings means any proceedings in or before any court or tribunal that are not criminal proceedings;