Examples of Restructuring Deed in a sentence
On 17 November 2020 and 18 December 2020, the Company, the Provisional Liquidators and the Investor entered into the first supplemental deed and the second supplemental deed respectively, pursuant to which the parties agreed to further amend the terms of the Restructuring Deed and/or the First Loan Agreement.
Pursuant to the Restructuring Deed, the debt restructuring of the Group shall be implemented by way of the Schemes.
To facilitate the Resumption, each of the Company, the Provisional Liquidators and the Investor undertakes and agrees to use its best endeavours to procure the compliance with the Resumption Guidance as soon as reasonably practicable in accordance with the terms of the Restructuring Deed.
Pursuant to the Bonds Restructuring Deed, the CBs Holder and the Company agreed that provided that there is no breach of any provisions of the Bonds Restructuring Deed by the Company, no other interest and default interest (as applicable) shall accrue on any indebtedness under or arising from any of the Bonds related documents other than those already included in the Settlement Amount and the Company should repay and settle the Settlement Amount of HK$144,000,000.
The Subscription constitutes part of the provisions of the Bonds Restructuring Deed and the consideration of the Subscription shall be applied to set off against the outstanding Settlement Amount pursuant to the Subscription Agreement and the Deed of Set Off, the implementation of which will facilitate further reduction of indebtedness owed to the CBs Holder to only approximately HK$70,588,475.97, provided that there is no breach of any provisions of the Bonds Restructuring Deed by the Company.