Proposed Restructuring Plan definition

Proposed Restructuring Plan means the restructuring plan proposed by the BRPs to rescue the Company and the Group more fully dealt with in Part B of this Business Rescue Plan;
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Examples of Proposed Restructuring Plan in a sentence

  • The Borrower shall, and shall cause its officers, directors, employees and advisors to (i) cooperate with the CRA throughout the development and delivery of the Proposed Restructuring Plan and (ii) direct the CRA to answer reasonable inquiries of, and meet with, the Administrative Agent or Lenders, or their representatives, advisors or Consultants (as defined below), regarding the Proposed Restructuring Plan at such times as may be reasonably requested.

  • Nothing in this provision or Agreement shall be deemed to be an acknowledgement or approval of, or consent or agreement to enter into, any Proposed Restructuring Plan by the Administrative Agent or any of the Lenders; all of the Administrative Agent’s and Lenders’ rights with respect to any Proposed Restructuring Plan are fully reserved and not waived.

  • The Updated Proposed Restructuring Plan shall evidence a reduction of the Leverage Ratio in a manner acceptable to the Administrative Agent and Lenders and an increase in the Fixed Charge Coverage Ratio in a manner acceptable to the Administrative Agent and Lenders.

  • Unless authorized by the New York Public Service Commission, the Board of Directors shall not authorize the payment of dividends on the Corporation's common stock while the service quality or senior debt credit rating conditions apply under which the payment of dividends is prohibited in Opinion No. 94-25 of the Public Service Commission in Case 93-C-0103 - Petition of Rochester Telephone Corporation for Approval of Proposed Restructuring Plan (issued and effective November 10, 1994).

  • The Updated Proposed Restructuring Plan shall incorporate contemplated financial transactions and other alternatives and further include details of the proposed restructuring of Borrower’s balance sheet and credit facilities by fiscal year-end 2012.

  • The Borrower shall continue to engage Xxxxxxx Xxxxx to pursue the execution of sales transactions and RAS to pursue the execution of organizational restructuring initiatives set forth in the Updated Proposed Restructuring Plan (or such other advisors as may be acceptable to the Administrative Agent to perform the tasks identified herein) through the Forbearance Period.

  • The Updated Proposed Restructuring Plan shall also be otherwise acceptable to the Administrative Agent and Lenders.

  • Joint Petition for Full Settlement of PECO Energy’s Proposed Restructuring Plan filed April 29, 1998, ¶ 22, approved by the PECO Restructuring Order.

  • The hard work and continuous efforts towards the successful approval of the Proposed Restructuring Plan were met with success when it was duly approved by Securities Commission on 3 May 2013.

  • The Borrower shall provide the Administrative Agent with the terms of a written Proposed Restructuring Plan, which shall be supported in all respects by the CRA, on or before February, 15, 2012.

Related to Proposed Restructuring Plan

  • Project Implementation Plan means the detail plan submitted by the Developer with regard to development of Project Facilities and its operation and management thereof in accordance with this Agreement and to be appended as Schedule 9 to this Agreement.

  • Restructuring Support Agreement has the meaning set forth in the Recitals.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Implementation Schedule means the Implementation Schedule in Section VII of the tendering documents.

  • Implementation Plan means the schedule included in the Statement of Work setting forth the sequence of events for the performance of Services under the Statement of Work, including the Milestones and Milestone Dates.