Judicial Reorganization Plan definition

Judicial Reorganization Plan means the judicial reorganization plan of Oi and its direct and indirect subsidiaries TMAR, Oi Móvel, Portugal Telecom International Finance BV – Under Judicial Reorganization and Oi Brasil Holdings Coöperatief UA – Under Judicial Reorganization – jointly with companies COPART 4 Participações S.A. – Under Judicial Reorganization and COPART 5 Participações S.A. – Under Judicial Reorganization which were subsequently merged, respectively, into Oi and TMAR – approved at a creditors’ general meeting held on December 19 and 20, 2017 and ratified by the Judicial Reorganization Court on January 8, 2018, as amended pursuant to the Amendment to the Judicial Reorganization Plan approved at the Creditors’ General Meeting.
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Judicial Reorganization Plan means the Judicial Reorganization Plan ratified by the 7th Lower Business Court of the Judicial District of the Capital City of the State of Rio de Janeiro on [•], as amended and modified from time to time, in accordance with its terms, establishing the terms and the conditions for the restructuring of debt of Debtor and its Fully Controlled Companies (“Companies Under Judicial Reorganization”), and establishing actions to be adopted by the Companies Under Judicial Reorganization to overcome the financial issues of the Companies Under Judicial Reorganization and guarantee its continuity as active companies, including, but not limited to, (1) the restructuring and balance of its liabilities; (2) actions during the judicial reorganization created to obtain new funds; and (3) the potential sale of the PPE.
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Judicial Reorganization Plan means the judicial reorganization plan of Oi and its direct and indirect subsidiaries TMAR, Oi Móvel, Portugal Telecom International Finance BV — Under Judicial Reorganization, and Oi Brasil Holdings Cooperatief UA — Under Judicial Reorganization — jointly with companies COPART 4 Participações S.A. — Under Judicial Reorganization and COPART 5 Participações S.A. — Under Judicial Reorganization, which were subsequently merged, respectively, into Oi and TMAR — approved at a creditors’ general meeting held on December 19 and 20, 2017 and ratified by the Judicial Reorganization Court on January 8, 2018, as amended pursuant to the Amendment to the PRJ approved at the Creditors’ General Meeting held on [date].
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Examples of Judicial Reorganization Plan in a sentence

  • Due to the amendment to the Judicial Reorganization Plan ratified in court on November 26, 2020, foreign currency creditors had a change in the percentage of payment in subscription bonus from 50% to 70%.

  • Annual lease obligations entered into with third parties in connection with building and office space and cars, extending through fiscal year 2029, amount to a total of U.S.$33,468 in 2018 (2017: U.S.$38,379).

  • Following the Judicial Reorganization Plan, of the total issued, R$326,746 was allocated to creditors, part of which remains in the Company's power until operationally delivery to creditors is possible, with an unrealized capital reserve of R$2,875 being recorded.

  • The capital increase through the issuance of new shares is one of the means of judicial reorganization, expressly provided for by law (Article 50, VI, of Law No. 11,101/05) and the Capitalization of Credits is provided for in the Judicial Reorganization Plan approved by General Creditors Meeting and ratified by the Judicial Reorganization Court.

  • The capital increase will be paid through the capitalization of part of the Unsecured Credits held by Qualified Bondholders who have exercised the choice of the respective payment option and participated in the Exchange Offer, already duly reflected in the Company's financial statements, in the terms set forth in the Judicial Reorganization Plan.

  • Except for the Judicial Reorganization Plan, Sellers have no Knowledge of any procedure pertaining to any transaction or settlement with creditors, nor any procedure of bankruptcy, judicial or extrajudicial reorganization, much less other insolvency procedure, in progress or imminent against Sellers and/or the Company, and no event has occurred that, under the applicable Law, could justify the instatement of such procedures.

  • On June 29, 2016, the request for processing the Judicial Reorganization of Oi Group was granted by the Judicial Reorganization Court and the respective Judicial Reorganization Plan was approved by Oi Group creditors at the Creditors’ General Meeting held on December 19 and 20, 2017 and ratified by the Judicial Reorganization Court by decision issued on January 8, 2018 and published on February 5, 2018 (“PRJ” or “Original Plan”, which is included in Exhibit I to this Amendment).

  • The Capitalization of Credits will be made through the capitalization of part of the Unsecured Credits of the Qualified Bondholders, with the issuance of new common shares and subscription warrants that will be assigned to the subscribers of the shares subject to the increase, as provided in Clauses 4.3.3.2 and 4.3.3.5 of the Judicial Reorganization Plan.

  • The Capitalization of Credits is a measure provided for in Clauses 4.3.3.2 and 4.3.3.5 of the Judicial Reorganization Plan approved by the General Meeting of Creditors and ratified by the Judicial Reorganization Court.

  • The payment measures provided to the Labor creditors were and have been fulfilled as presented in the Judicial Reorganization Plan.


More Definitions of Judicial Reorganization Plan

Judicial Reorganization Plan or “Plan” means the Judicial Reorganization Plan of Oi, Telemar, Oi Móvel, Copart 4, Copart 5, PTIF and OI Coop, ratified in court in the case records of the Judicial Reorganization proceedings in progress before the 7th Commercial Court of the District of the Capital of Rio de Janeiro, under No. 0203711-65.2016.8.19.001.
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Related to Judicial Reorganization Plan

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • Capital Reorganization has the meaning ascribed thereto in subsection 2.12(4);

  • Corporate Reorganization means any change in the legal existence of any Subject Entity (other than a Capital Reorganization) including by way of amalgamation, merger, winding up, continuance or plan of arrangement.

  • Internal Reorganization has the meaning set forth in the Separation Agreement.

  • Plan of Reorganization means any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding.

  • Pre-Acquisition Reorganization has the meaning set out in Section 6.8;

  • Reorganization Agreement has the meaning set forth in the recitals.

  • Chapter 11 Plan means a plan of reorganization or liquidation filed in any of the Chapter 11 Cases under Section 1121 of the Bankruptcy Code.

  • Common Share Reorganization has the meaning set forth in Section 4.1;

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Bank Merger Agreement has the meaning set forth in Section 6.10.

  • Agreement and Plan of Merger has the meaning set forth in the first recital above.

  • Reorganization Transactions shall have the meaning set forth in the Recitals.

  • Plan of Merger has the meaning set forth in Section 2.2.

  • Permitted Reorganization means re-organizations and other activities related to tax planning and re-organization, so long as, after giving effect thereto, the security interest of the Lenders in the Collateral, taken as a whole, is not materially impaired.

  • Reorganization Cases means the cases filed by the Debtors under Chapter 11 of the Bankruptcy Code.

  • Pre-Closing Reorganization has the meaning set forth in the Recitals.

  • Non-Conforming Plan of Reorganization means any Plan of Reorganization whose provisions are inconsistent with the provisions of this Agreement, including any plan of reorganization that purports to re-order (whether by subordination, invalidation, or otherwise) or otherwise disregard, in whole or part, the provisions of Article II (including the Lien priorities of Section 2.1), the provisions of Article IV, or the provisions of Article VI, unless such Plan of Reorganization has been accepted by the voluntary required vote of each class of ABL Claimholders and Note Claimholders.

  • Amended and Restated Certificate of Incorporation means the Amended and Restated Certificate of Incorporation of the Company, as in effect as of the Effective Date.

  • Business Combination Agreement shall have the meaning given in the Recitals hereto.

  • Action Plan means an action plan as defined in the AEP Regulations in relation to the Premises;]

  • Steps Plan means a plan evidenced by Eligible Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities.

  • Restructuring Plan means the Restructuring Plan attached hereto as Schedule 1.1.

  • Amalgamation Agreement means the Amalgamation Agreement dated as of June 26, 2020 among Cybin, Clarmin and Subco relating to the Amalgamation, as amended on October 21, 2020, a copy of which is available under the Company’s profile on the SEDAR website at www.sedar.com.

  • Reorganization Event has the meaning specified in Section 5.6(b).

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;