Canadian Recognition Proceeding definition

Canadian Recognition Proceeding means the proceeding commenced before the Ontario Superior Court of Justice (Commercial List) pursuant to the Companies’ Creditors Arrangement Act to recognize the Chapter 11 Cases in Canada.
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Canadian Recognition Proceeding has the meaning set forth in the recitals of this Agreement.
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Canadian Recognition Proceeding means a proceeding commenced in the Canadian Court to recognize or otherwise give effect to the Chapter 11 Cases in furtherance of the Restructuring.
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Examples of Canadian Recognition Proceeding in a sentence

  • In addition, Mallinckrodt shall take such actions as may be reasonably necessary or appropriate in the Bankruptcy Proceedings (including, without limitation, assuming its obligations under this Agreement pursuant to the Approved Plan, the Canadian Recognition Proceeding, and the Scheme of Arrangement) to ensure Mallinckrodt will be able to comply with its obligations under this Agreement.

  • In compliance with section 1515(c) of the Bankruptcy Code, I hereby declare that, to my knowledge, the only foreign proceedings (as such term is defined in section 101(23) of the Bankruptcy Code) currently pending with respect to the Debtor are the English Proceeding and the Canadian Recognition Proceeding.

  • The purpose of the Canadian Recognition Proceeding is to request that the Canadian Court recognize these chapter 11 cases as a “foreign main proceeding” under the applicable provisions of the CCAA, enforce this Court’s orders in Canada to protect the Debtors’ assets and operations in Canada and help implement the Debtors’ restructuring, and seek certain other ancillary relief.

  • Accordingly, in order for Brooks Brothers to be recognized as the Foreign Representative in the Canadian Recognition Proceeding, and thereby apply to have these chapter 11 cases recognized by the Canadian Court, this Court must enter an order authorizing Brooks Brothers to act as the Foreign Representative in the Canadian Recognition Proceeding.

  • By this Motion, the Debtors request, pursuant to section 1505 of title 11 of the United States Code (the “ Bankruptcy Code”), that Brooks Brothers be authorized to act as Foreign Representative (as defined herein) on behalf of the Debtors’ estates in the Canadian Recognition Proceeding (as defined herein).

  • To ensure such assets are sold free and clear of any liens, claims, or liabilities, BB Canada has determined to commence a chapter 11 case, and to commence the Canadian Recognition Proceeding to ensure that these chapter 11 cases and the free and clear sale of BB Canada’s assets are recognized and respected in Canada.

  • Authorizing Brooks Brothers to act as the Foreign Representative on behalf of the Debtors’ estates in the Canadian Recognition Proceeding will provide an effective mechanism to protect and maximize the value of the Debtors’ assets and estates.

  • As soon as reasonably practicable, but in any event no later than four (4) Business Days following the entry of the Final DIP Order, the Canadian Borrower shall file a motion for the issuance, by the Canadian Court, of the Canadian Final DIP Recognition Order in the Canadian Recognition Proceeding (in form and substance reasonably acceptable to the DIP Lenders and the Requisite Creditors).

  • As a result of the above, Brooks Brothers (as the proposed Foreign Representative) will shortly file an application with the Canadian Court on behalf of the Debtors’ estates pursuant to the CCAA to commence the Canadian Recognition Proceeding.

  • Records needed to protect the legal and financial rights of the Government and of the individuals directly affected by its activities.


More Definitions of Canadian Recognition Proceeding

Canadian Recognition Proceeding has the meaning set forth in the preamble hereto.
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Related to Canadian Recognition Proceeding

  • Adjudicative proceeding means the procedure to be followed in contested cases, as set forth in RSA 541-A:31 through RSA 541-A:36.

  • Regulatory Proceeding means a request for information, civil investigative demand, or civil proceeding commenced by service of a complaint or similar proceeding brought by or on behalf of the Federal Trade Commission, Federal Communications Commission, or any federal, state, local or foreign governmental entity in such entity’s regulatory or official capacity in connection with such proceeding.

  • eligible proceeding means a legal proceeding or investigative action, whether current, threatened, pending or completed, in which a director, former director or alternate director of the Company (an “eligible party”) or any of the heirs and legal personal representatives of the eligible party, by reason of the eligible party being or having been a director or alternate director of the Company:

  • Insolvency Proceeding means any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

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

  • Bankruptcy Code means the United States Bankruptcy Code, as amended from time to time, any successor statute or rule promulgated thereto.

  • Disciplinary proceeding means an adjudicative proceeding permitted under this

  • Foreign Government Obligations means, with respect to Securities of any Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof.

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