Restructuring Agreement definition
Examples of Restructuring Agreement in a sentence
The Borrower or any Guarantor shall not, to the extent that the Global Settlement Agreement or Master Restructuring Agreement have not been terminated by GM, have filed a motion or other pleading seeking to reject any executory contract between the Borrower or any Guarantor and GM or any of its Affiliates.
Under the Restructuring Agreement, the Company will apply to the Court for an order to convene a creditors’ meeting to consider the Scheme between the Company and its creditors (the “Scheme Creditors”).
The undersigned hereby authorises this Restructuring Agreement Signature Page (or a photocopy hereof, which shall be valid for all purposes) to be attached to the Restructuring Agreement dated as of July 2005, or counterparts thereof.
Under the Restructuring Agreement, upon completion, all the issued shares of several subsidiaries of the Company (the “Excluded Companies”) will be transferred to a nominee of the scheme administrators for the benefit of the Scheme Creditors at a nominal consideration of HK$1 and any guarantee or indemnity given by the Company in respect of the obligations or liabilities of each of the Excluded Companies shall be released and discharged in full upon such transfer.
Unless otherwise defined in this Agreement or in the above Recitals, all capitalized terms used herein shall have the meanings ascribed to them in the Forbearance Agreements and the Restructuring Agreement as applicable.