Bermuda Scheme definition

Bermuda Scheme means the creditors’ scheme of arrangement provided for by Section 99 of the Companies Act 1981 of Bermuda in respect of SCL which is subject to the sanction of the Bermuda Court;
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Bermuda Scheme means the scheme of arrangement in relation to Noble Group Limited under Section 99 of the Companies Act 1981 of Bermuda in its present form or with or subject to any modifications, additions or conditions approved or imposed by the Bermuda Court or approved in accordance with the terms of the Bermuda Scheme.
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Bermuda Scheme has the meaning specified in the recitals.
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Examples of Bermuda Scheme in a sentence

  • Creditors wishing to vote on the Bermuda Scheme of Arrangement in a way not contemplated by the Ballots may contact SCL and receive a special proxy to do so.

  • The Hong Kong Scheme and the Bermuda Scheme together are the proposed schemes (“Proposed Schemes”).

  • All Claims scheduled by or Filed against the Debtors in the Chapter 11 Cases on or before the Bar Date are deemed to have been submitted against those Debtors under the U.K. Scheme of Arrangement or the Bermuda Scheme of Arrangement to the extent the U.K. Scheme of Arrangement or the Bermuda Scheme of Arrangement purports to compromise such Claims.

  • The Ballots sent to certain creditors of SCL provide for dual voting on the Plan and (by way of special proxy, if required) the Bermuda Scheme of Arrangement.

  • Voters have the option of voting either in favor of both the Plan and Bermuda Scheme of Arrangement or against both the Plan and the Bermuda Scheme of Arrangement.

  • Prior to the Effective Date, the Bermuda Debtor intends to put forward the Bermuda Scheme in Bermuda or alternatively seek recognition of the Confirmation Order in Bermuda.

  • SCHEMES Pursuant to the terms of the Restructuring Agreement, it is proposed that the Bermuda Scheme and Hong Kong Scheme will be implemented.

  • My appointment as the Approved Actuary in connection with the Bermuda Scheme was approved by the Bermuda Monetary Authority (“BMA”) on 2 September 2022.

  • Those Creditors of SCL subject to the Bermuda Scheme of Arrangement.

  • For the avoidance of doubt, the additional distribution of Scheme Consideration under the Scheme is wholly without prejudice to the rights of the Pension Scheme Trustees to receive a distribution under the Plan, the Pension Schemes Settlement Agreement and the Bermuda Scheme.


More Definitions of Bermuda Scheme

Bermuda Scheme means a scheme of arrangement in respect of NGL under the Companies Xxx 0000 of Bermuda;
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Bermuda Scheme means a scheme of arrangement in respect of the Company under the Companies Xxx 0000.
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Bermuda Scheme the scheme of arrangement in respect of the Company under Part VII of the Companies Act 1981 as applicable in Bermuda to be proposed by the Company and/or the Provisional Liquidators on behalf of the Company to the Scheme Creditors on terms which provide for full and final settlement and discharge of the Scheme Debts, with or subject to, any modification, addition or condition approved or imposed by the Bermuda Court
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Bermuda Scheme means the scheme of arrangement in relation to the Company under Section 99 of the Companies Act 1981 of Bermuda in its present form or with or subject to any modifications, additions or conditions approved or imposed by the Bermuda Court or approved in accordance with the terms of the Bermuda Scheme.
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Bermuda Scheme means the scheme of arrangement to be made between the Company
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Bermuda Scheme means a scheme of arrangement in relation to the Issuer under Section 99 of the Companies Act 1981 of Bermuda.
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Related to Bermuda Scheme

  • Israeli Companies Law means the Israeli Companies Law, 5759-1999, as amended, and the regulations promulgated thereunder.

  • Scheme of Arrangement means a scheme of arrangement, share for share exchange or analogous procedure.

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Companies Law means the Companies Law (2018 Revision) of the Cayman Islands, as amended from time to time.

  • Bermuda means the Islands of Bermuda;

  • Cayman Companies Act means the Companies Act (As Revised) of the Cayman Islands.

  • relevant scheme means any other scheme approved or seeking approval under Chapter 1 Part XIV of the Act and in respect of a Class A Member who is a Controlling Director also any retirement annuity contract or trust scheme approved under Chapter III Part XIV or any personal pension scheme as approved under Chapter IV Part XIV of the Act insofar as it provides benefits secured by contributions in respect of Service.

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Company; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement (disregarding de minimis holdings by initial subscribers, if applicable); (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Company; (iv) all Subsidiaries of the Company immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Company) are Subsidiaries of the Company (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Company (or Newco) holds, directly or indirectly, the same percentage of the Ordinary Share Capital and Equity Share Capital of those Subsidiaries as was held by the Company immediately prior to the Scheme of Arrangement.

  • Companies Act means the Companies Act, 2008 (Act No. 71 of 2008);

  • the Scheme means the Local Government Pension Scheme in

  • Asia means Afghanistan, Australia, Bangladesh, Bhutan, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Kyrgyzstan, Laos, Macau, Malaysia, Maldives, Mongolia, Myanmar, Nepal, New Zealand, North Korea, Pakistan, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.

  • BVI means the British Virgin Islands.

  • HK$ Hong Kong dollars, the lawful currency of Hong Kong;

  • Portugal when used in a geographical sense comprises the territory of the Portuguese Republic in accordance with the International Law and the Portuguese legislation;

  • Mainland China means the People’s Republic of China (excluding Hong Kong, Macau and Taiwan).

  • Nasdaq Stockholm means the Regulated Market of Nasdaq Stockholm AB (reg. no. 556420-8394, SE-105 78 Stockholm, Sweden).

  • Mauritius means the Republic of Mauritius and includes: (i) all the territories and islands which, in accordance with the laws of Mauritius, constitute the State of Mauritius; (ii) the territorial sea of Mauritius; and (iii) any area outside the territorial sea of Mauritius which in accordance with international law has been or may hereafter be designated, under the laws of Mauritius, as an area, including the Continental Shelf, within which the rights of Mauritius with respect to the sea, the sea-bed and sub-soil and their natural resources may be exercised;

  • HKEx means Hong Kong Exchanges and Clearing Limited;

  • Demerger means a demerger pursuant to Chapter 17 of the Finnish Companies Act (624/2006 as amended from time to time).

  • HKSE means The Stock Exchange of Hong Kong Limited.

  • Scheme means the Water Regulations Advisory Scheme;

  • the Companies Act means the Companies Act 1981 of Bermuda as may from time to time be amended;

  • UK CRR means Regulation (EU) No. 575/2013 on prudential requirements for credit institutions and investment firms of the European Parliament and of the Council of 26 June 2013, as amended or supplemented, as it forms part of domestic law in the UK by virtue of the EUWA.

  • UK GDPR means the GDPR, as transposed into United Kingdom national law by operation of section 3 of the European Union (Withdrawal) Act 2018 and as amended by the Data Protection, Privacy and Electronic Communications (Amendments etc.) (EU Exit) Regulations 2019.

  • Australian Corporations Act means the Corporations Xxx 0000 (Cth) of Australia.

  • HKICL means Hong Kong Interbank Clearing Limited and its successors and assigns.