Concurso Proceeding definition

Concurso Proceeding has the meaning set forth in the Recitals.
Concurso Proceeding means the current restructuring proceeding of Durango commenced in the Mexican Court under the Mexican Business Reorganization Act on October 6, 2008.
Concurso Proceeding means the Debtor’s former Mexican reorganization, known as a concurso mercantil that was pending before the Mexican Bankruptcy Court under file number 129/2005, which terminated on July 14, 2006, and became final and nonappealable on July 31, 2006.

Examples of Concurso Proceeding in a sentence

  • As indicated in the Agreement, the framework for the Restructuring of SATMEX will be established through a Concurso Plan of SATMEX in its Concurso Proceeding, and will be implemented through the Chapter 11 Plan in the Chapter 11 Case.

  • This Agreement is not a solicitation for acceptances or rejections of a plan (Convenio Concursal) under the Concurso Proceeding of the Company.

  • The Company shall implement the Restructuring through the prosecution and confirmation of a plan of reorganization (the "Plan") under the Mexican Business Reorganization Act in the Concurso Proceeding.

  • The Company's legal advisors shall draft Concurso Proceeding the filing materials.

  • In addition, SATMEX, with the concurrence of the Conciliador and approval of the Committees, Principia and Loral, will establish the two-tiered performance and success bonus program for certain employees set forth on Schedule G to the Agreement (the "Eligible Employees") that have and will continue to contribute to the success of the Restructuring of SATMEX, which program will be approved in connection with the Concurso Proceeding.

  • Anticipated Events in a Concurso Proceeding with a Pre-approved Restructuring Agreement The Concurso Plan constitutes a restructuring agreement to be filed with a petition for a concurso proceeding governed by the Mexican Bankruptcy Law, to be approved within the Work-out Stage of such proceeding and affecting all creditors recognized therein.

  • The Trustee shall notify the information regarding the Trust Accounts to the Settlors and the Counterparties (through the Settlors’ Representative), the First Beneficiary and any other Person that in a Concurso Proceeding should know such information, as instructed in writing by the First Beneficiary.


More Definitions of Concurso Proceeding

Concurso Proceeding means the concurso mercantil proceeding filed by the Company on May 18, 2004 in Durango, Mexico.
Concurso Proceeding means the business reorganization and/or bankruptcy proceeding initiated against any of the Counterparties in accordance with the LCM.
Concurso Proceeding means the proceeding for the Company under the MBRA currently pending before the Mexican Bankruptcy Court under file number 129/2005.

Related to Concurso Proceeding

  • 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;

  • 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.

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

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

  • Protective proceeding means a judicial proceeding in which a protective order is sought or has been issued.

  • Criminal proceeding means a proceeding instituted by means of the swearing of an information, the laying of a charge or the return of an indictment, before a Court of competent jurisdiction in Canada with jurisdiction to hear and determine the charges referred to therein, alleging or charging that the "Insured" has contravened the provisions of any Provincial or Federal statute, including the Criminal Code, R.S.C. 1985 ch. C-46 as amended, which creates an offence or crime and which provides for conviction thereunder, whether by way of summary conviction or indictment, and as a result of which the "Insured" is liable to be convicted, fined or sentenced to some form of imprisonment or other punishment.

  • Administrative proceeding means a non-judicial process that is adjudicatory in nature in order to make a determination of fault or liability (e.g., Securities and Exchange Commission Administrative Proceedings, Civilian Board of Contract Appeals Proceedings, and Armed Services Board of Contract Appeals Proceedings). This includes administrative proceedings at the Federal and State level but only in connection with performance of a Federal contract or grant. It does not include agency actions such as contract audits, site visits, corrective plans, or inspection of deliverables.

  • Adjudicatory proceeding means a contested case, a proceeding that may culminate in a contested case, a petition for declaratory order, a petition for expedited resolution of a negotiability dispute, or any other proceeding which may require the board or its designee to issue a decision, order, or ruling.

  • Receivership court means the court in the insolvent or impaired insurer's state having jurisdiction over the conservation, rehabilitation, or liquidation of the member insurer.

  • Proceeding means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding, such as a deposition), whether commenced or threatened.

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

  • Child custody proceeding means a proceeding in which legal custody, physical custody, or visitation with respect to a child is an issue. The term includes a proceeding for divorce, separation, neglect, abuse, dependency, guardianship, paternity, termination of parental rights, and protection from domestic violence in which the issue may appear. The term does not include a proceeding involving juvenile delinquency, contractual emancipation, or enforcement under Part 3 of this Article.

  • 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.

  • 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.

  • Disciplinary proceeding means an adjudicative proceeding permitted under this

  • 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 practitioner means any receiver, administrator or liquidator appointed in respect of the Tenant;

  • third party proceeding means any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation.

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

  • Chapter 11 means Chapter 11 of the Bankruptcy Code.

  • Commenced means that an owner or operator has undertaken a continuous program of construction or modification or that an owner or operator has entered into a binding agreement or contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction or modification.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

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

  • ADR Proceeding means either an Arbitration or a Mediation.

  • dispute resolution proceeding ’ means any process in which an alternative means of dispute resolution is used to resolve an issue in controversy in which a neutral is appointed and specified parties participate;