Provisional Liquidation definition

Provisional Liquidation has the meaning given to this term in the preamble hereto.
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Provisional Liquidation means the provisional liquidation of the Company pursuant to the JPL Order.
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Provisional Liquidation means the provisional liquidation of SCL pursuant to the Provisional Liquidator Order;
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Examples of Provisional Liquidation in a sentence

  • On each Liquidation Day and on each Provisional Liquidation Day during each Settlement Period for each Eligible Asset, the Collection Agent shall set aside and hold in trust for the Owner of such Eligible Asset the Collections of Pool Receivables attributable to such Eligible Asset received on such Day.

  • ENERGY RESOURCES LLC By: Name: Title: I, ________________, Director of Mongolian Mining Corporation (In Provisional Liquidation), an exempted company incorporated under the laws of the Cayman Islands having its registered office at PwC Corporate Finance & Recovery (Cayman) Limited, ▇.▇.

  • The Seller shall provide to the Collection Agent on a timely basis all information needed for such administration, including notice of the occurrence of any Liquidation Day or Provisional Liquidation Day and current computations of each Receivable Interest.

  • If a Liquidation Day or a Provisional Liquidation Day has occurred and is continuing, all amounts held by the Collection Agent for each Purchaser in accordance with Section 2.04(b) shall be deposited on the first Business Day following receipt by the Collection Agent into an account designated by such Purchaser.

  • SCHEDULE 1 – FILING ENTITIES • Constellation Oil Services Holding S.A. • AlphaStar Equities Ltd (In Provisional Liquidation) • Lone Star Offshore Ltd (In Provisional Liquidation) • Gold Star Ltd (In Provisional Liquidation) • Olinda Star Ltd (In Provisional Liquidation) • Constellation Overseas Ltd (In Provisional Liquidation) • Star International Drilling Ltd.

  • This is one of the Certificates issued under an Indenture, dated as of [●], 2017 (as amended from time to time, the “Indenture”), among Mongolian Mining Corporation (In Provisional Liquidation), an exempted company incorporated under the laws of the Cayman Islands (the “Company”), ▇▇▇▇▇ ▇▇▇▇▇▇ of PwC Corporate Finance & Recovery (Cayman) Limited and ▇▇▇▇▇▇▇▇▇▇▇ ▇▇ Man ▇▇▇▇ of PricewaterhouseCoopers Ltd.

  • Thereafter until the Termination Date for such Share, such Share shall be automatically recomputed as of the close of business of the Collection Agent on each day (other than a Liquidation Day and Provisional Liquidation Day).

  • Any amounts set aside pursuant to the first sentence of this Section 2.06 and not required to be deposited to the Agent's Account pursuant to the preceding sentence shall be paid to the Seller by the Servicer; provided, however, that if amounts are set aside pursuant to the first sentence of this Section 2.06 on any Provisional Liquidation Day which is subsequently determined not to be a Liquidation Day, such amounts shall be applied pursuant to Section 2.05(a) on the day of such subsequent determination.

  • If the Collection Agent is not the Seller, and if a Liquidation Day or a Provisional Liquidation Day has occurred and is continuing, all amounts held by the Collection Agent for each Purchaser in accordance with Section 2.04(b) shall be deposited on the first Business Day following receipt by the Collection Agent into an account designated by such Purchaser.

  • The Seller shall provide to the Collection Agent (if other than the Seller) on a timely basis all information needed for such administration, including notice of the occurrence of any Liquidation Day or Provisional Liquidation Day and current computations of each Receivable Interest.


More Definitions of Provisional Liquidation

Provisional Liquidation means the provisional liquidation proceedings relating to the Issuer (Cause No. FSD 157 of 2020 (ASCJ)) in the Grand Court.
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Provisional Liquidation means the provisional liquidation of the Company pursuant to the Provisional Liquidation Order;
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Provisional Liquidation means the provisional liquidation proceedings relating to the Issuer (Cause No. FSD 157 of 2020 (ASCJ)) in the Grand Court. Second Scheme — Shareholder Class Action With respect to the scheme of arrangement presented pursuant to section 86 of the Cayman Islands Companies Law (2021 Revision) to restructure, compromise, or settle the claims of the Company’s shareholders (the “Second Scheme”), the Company shall exercise reasonable efforts to promptly update the counsel to the Ad Hoc Group (as defined in the RSA), on an advisors-only basis, regarding significant developments with respect thereto. Closing Conditions The occurrence of the Transaction Effective Time is subject to the satisfaction or waiver of the following conditions: (1) approval of the Restructuring by the Board of Directors and the JPLs; (2) occurrence of the Scheme Sanction Date or receipt of all requisite court approvals that may be required to consummate the Transaction other than through a Scheme; (3) payment of the Cash Consideration, which shall occur simultaneously with the Transaction Effective Time; (4) payment in full of the Pre-Signing Fees (as defined below);
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Provisional Liquidation means any provisional liquidation proceeding that the Company may initiate to effectuate the Restructuring on the terms set forth in the Exchange Term Sheet.
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Related to Provisional Liquidation

  • Cash Liquidation As to any defaulted Mortgage Loan other than a Mortgage Loan as to which an REO Acquisition occurred, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds and other payments or cash recoveries which the Master Servicer reasonably and in good faith expects to be finally recoverable with respect to such Mortgage Loan.

  • Partial Liquidation Proceeds Liquidation Proceeds received by a Servicer prior to the month in which the related Mortgage Loan became a Liquidated Loan.

  • Loss-to-Liquidation Ratio means the ratio (expressed as a percentage) computed as of the last day of each calendar month by dividing (i) the aggregate Outstanding Balance of all Receivables which became Defaulted Receivables during such month, by (ii) the aggregate amount of Collections received by the Collection Agent during such period.

  • Excess Liquidation Proceeds To the extent that such amount is not required by law to be paid to the related Mortgagor, the amount, if any, by which Liquidation Proceeds with respect to a Liquidated Mortgage Loan exceed the sum of (i) the Outstanding Principal Balance of such Mortgage Loan and accrued but unpaid interest at the related Mortgage Interest Rate through the last day of the month in which the related Liquidation Date occurs, plus (ii) related Liquidation Expenses.

  • Liquidation Date means (a) in the case of an event giving rise to the dissolution of the Partnership of the type described in clauses (a) and (b) of the first sentence of Section 12.2, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to continue the business of the Partnership has expired without such an election being made, and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs.