Business Rescue means proceedings to facilitate the rehabilitation of a company that is financially distressed by providing for-

Business Rescue shall have the meaning ascribed to such term in section 128(1)(b) of the Companies Act;

Examples of Business Rescue in a sentence

This part sets out the conditions that must be fulfilled and the assumptions applied in respect of the Business Rescue Plan.
This part describes the Proposals to Affected Persons and the benefits and risks of Adopting the Business Rescue Plan.
Any provision in this Business Rescue Plan which is or may become illegal, invalid or unenforceable shall be ineffective to the extent of such prohibition or unenforceability and shall be treated pro non scripto and severed from the balance of this Business Rescue Plan, without invalidating the remaining provisions of this Business Rescue Plan or affecting the validity or enforceability of such provision in any other jurisdiction.
This chapter sets out general information about the Business Rescue Plan, the meaning of defined terms, and contains an executive summary of the Proposals put forward in terms of this Business Rescue Plan.
This chapter contains the Proposals in terms of the Business Rescue Plan and is comprised of several sub-parts in accordance with the Companies Act.

More Definitions of Business Rescue

Business Rescue means proceedings under Chapter 6 of the Companies Act to facilitate the rehabilitation of a company which is Financially Distressed, as more fully defined in section 128(1)(b) of the Companies Act;

Business Rescue means: 1.1.8.1. where the company passes a resolution that the company voluntarily begins business rescue proceedings and places the company under supervision in terms of section 129(1) of the Companies Act 71 of 2008 or; 1.1.8.2. where an individual applies to court for an order placing the company under supervision and commences business rescue proceedings in terms of section 131 (1) of the Companies Act 71 of 2008;

Business Rescue means proceedings to facilitate the rehabilitation of a company or close corporation that is financially distressed, as contemplated in the Companies Act, 71 of 2008, as amended;

Business Rescue means proceedings to facilitate the rehabilitation of the Company, which is financially distressed, as more fully defined in section 128(1)(b) of the Companies Act and paragraph 6.1. herein;

Business Rescue means proceeding to facilitate the rehabilitation of a company that is financially distressed by providing for –

Business Rescue shall have the meaning as defined in terms of section 128(1)(b) of the Companies Xxx 0000.