Examples of Jersey Effective Date in a sentence
In the event that any liabilities of Telewest Jersey remain outstanding following the Jersey Effective Date, Telewest UK will also agree to indemnify Telewest Jersey in respect of such liabilities (with the exception of certain expenses arising as a result of the Financial Restructuring and debts and such liabilities as are paid out of the cash amount held on trust) pursuant to the terms of the Transfer Agreement.
RELEASE 3.5 (a) Each of the Jersey Scheme Creditors hereby authorises Telewest Jersey from the Jersey Effective Date to enter into, execute and deliver as a deed on behalf of each Jersey Scheme Creditor and any person to whom a Jersey Scheme Creditor has transferred Jersey Notes after the Record Date one or more Deeds of Release whereby any and all claims of such persons against Telewest, the Affiliates, the Directors and Former Directors, the Released Parties, the Bondholder Committee, W.
Huff, Liberty Media, Telewest UK, New Telewest, the Noteholders' Trustee, the Jersey Noteholders' Trustee and the Advisers in relation to or arising out of or in connection with the Jersey Notes, the Telewest Indentures, the Jersey Indenture, the Jersey Guarantee Liability and the Jersey Intercompany Debt and/or the implementation of the Telewest Scheme, this Scheme andlor the Financial Restructuring shall be waived and released fully and absolutely from the Jersey Effective Date.
Therefore, it is expected that the Effective Date and the Jersey Effective Date will take place on the same date.
Telewest Jersey expects to commence the summary winding-up shortly after the Jersey Effective Date.
Jersey shall notify promptly the Escrow Agent upon the occurrence of the Effective Date and the Jersey Effective Date respectively.
The indemnities contained in the Transfer Agreement will only become effective on, and will be subject to the occurrence of, the Effective Date or the Jersey Effective Date, as appropriate.
Immediately following the Effective Date and the Jersey Effective Date, as appropriate, the following will occur sequentially and in immediate succession: · Re-globalisation; · all Scheme Claims shall be satisfied and released fully and absolutely in each case so as to bind the Scheme Creditors and any person who acquires any interest in or arising out of a Scheme Claim after the Record Date.
Telewest Jersey Following the Jersey Effective Date, the Jersey Directors will seek to wind up Telewest Jersey summarily.
Escrow Agent Agreement 5.2 Prior to the Jersey Effective Date, Telewest Jersey, Telewest, New Telewest and Telewest UK will enter into an agreement with the Escrow Agent, setting out the terms on which the Escrow Agent will hold New Shares in the Jersey Escrow Account on behalf of Jersey Notified Scheme Creditors (to the extent that their Jersey Notified Scheme Claims become Jersey Agreed Scheme Claims).