Business Rescue definition

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;

Business Rescue means the business rescue proceedings of the Company conducted under Chapter 6 of the Companies Act;

Examples of Business Rescue in a sentence

• Each provision of this Business Rescue Plan is, notwithstanding the grammatical relationship between that provision and the other provisions of this Business Rescue Plan, severable from the other provisions of this Business Rescue Plan.

• If any provision in a definition in this Business Rescue Plan is a substantive provision conferring a right or imposing an obligation on any person or entity then, notwithstanding that it is only in a definition, effect shall be given to that provision as if it were a substantive provision in the body of this Business Rescue Plan.

• Any events and outcomes that may lead to the discovery of fraud, misrepresentation, corrupt practices, or other such matters relating to the Company prior to the implementation of the Business Rescue Plan.

• Any notice or process in terms of, or in connection with, this Business Rescue Plan shall be valid and effective only if in writing and if received or deemed to have been received by the BRPs.

• Capitalised words not otherwise defined in this report shall have the meaning ascribed to them in the approved Business Rescue Plan for the Company as published on 30 August 2019 ( "the Plan").

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 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 paragraph12 herein;

Business Rescue means the business rescue proceedings of the Company conducted in terms of Chapter 6 of the Companies Act;

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

Business Rescue means proceedings to facilitate the rehabilitation of a company or close corporation that is financially distressed, as contemplated in the Companies Act, No 71 of 2008, as amended;

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 set out in the Introduction section earlier in this document and defined in section 128(1)(b) of the Companies Act;