Restructuring Heads of Terms definition

Restructuring Heads of Terms means the heads of terms for the proposed out of court restructuring of the Company and the Group signed by the Co-ordinating Committee, certain of the Charterparty Owners and Bareboat Owners and the Company and dated 29 March 2012.
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Examples of Restructuring Heads of Terms in a sentence

  • Following a period of financial difficulties, the Company, the Co-ordinating Committee and certain of the Charterparty Owners and the Bareboat Owners entered into the Restructuring Heads of Terms and have been in negotiations, with the objective of reaching an out-of-court agreement for the financial restructuring of the Company and the Group.

  • If the Company is successful in agreeing, documenting and implementing a consensual restructuring with its Noteholders and the PXF Lenders on the basis set out in the Non-Binding Restructuring Heads of Terms, the Company anticipates that it will be able to repay the full amount due to those creditors in accordance with the terms of the Non-Binding Restructuring Heads of Terms.

  • If the Company is successful in agreeing, documenting and implementing a consensual restructuring with its Noteholders and the PXF Lenders on the basis set out in the Non-Binding Restructuring Heads of Terms, the Company anticipates that it will be able to repay the full amount due to its creditors in accordance with the terms of the Non-Binding Restructuring Heads of Terms.

  • The Non-Binding Restructuring Heads of Terms were agreed between the Company, the Noteholder Committee and the PXF Co-ordinating Committee on 24 May 2016.

  • For Subcontractors working with children or vulnerable adults, the Contractor may require coverage of sexual abuse and molestation.

  • A vote in favour of or against the Scheme is not a vote in favour of or against the Non-Binding Restructuring Heads of Terms which are appended to Scheme.

  • However, the Company considers that if standstill and moratorium arrangements remain in place in respect of the PXF Facilities and the Notes respectively, this will improve the prospect for the Group of continuing to be able to access sufficient trade finance in order to maintain its operations during the period in which the restructuring proposal set out in the Non-Binding Restructuring Heads of Terms is documented and implemented.

  • A copy of the Non-Binding Restructuring Heads of Terms is appended to the Practice Statement Letter13 for the Scheme and is also appended to the Scheme.

  • The Third Principal Transaction Documents referred to in Clauses 3.5(a)(i)(B) and 3.6(b)(ii) and as contemplated by the Non-Binding Restructuring Heads of Terms are as follows:·Intercreditor Agreement.

Related to Restructuring Heads of Terms

  • Restructuring Term Sheet means the term sheet attached as Exhibit A to the Restructuring Support Agreement.

  • Restructuring Documents means, collectively, the documents and agreements (and the exhibits, schedules, annexes and supplements thereto) necessary to implement, or entered into in connection with, this Plan, including, without limitation, the Plan Supplement, the Exhibits, the Plan Schedules, the Amended/New Organizational Documents, the Exit Facility Loan Documents, and the Plan Securities and Documents.

  • Restructuring Costs means the costs, including both direct and indirect, of restructuring activities. Restructuring costs that may be allowed include, but are not limited to, severance pay for employees, early retirement incentive payments for employees, employee retraining costs, relocation expense for retained employees, and relocation and rearrangement of plant and equipment. For purposes of this definition, if restructuring costs associated with external restructuring activities allocated to DoD contracts are less than $2.5 million, the costs shall not be subject to the audit, review, and determination requirements of paragraph (c)(4) of this subsection; instead, the normal rules for determining cost allowability in accordance with FAR Part 31 shall apply.

  • Restructuring Date means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

  • Restructuring Expenses means losses, expenses and charges incurred in connection with restructuring within the Issuer and/or one or more Restricted Subsidiaries, including in connection with integration of acquired businesses or Persons, disposition of one or more Subsidiaries or businesses, exiting of one or more lines of businesses and relocation, disposition or consolidation of facilities, including severance, curtailments or modifications of pension plans, lease termination and other non-ordinary-course, non-operating costs and expenses in connection therewith.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

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

  • Restructuring Charges means all charges and expenses caused by or attributable to any restructuring, severance, relocation, consolidation, closing, integration, business optimization or transition, signing, retention or completion bonus or curtailments or modifications to pension and post-retirement employee benefit plans.

  • Restructuring Effective Date has the meaning set out in the Restructuring Implementation Deed;

  • Term Sheets means any ABS Term Sheets, Structural Term Sheets and/or Collateral Term Sheets.

  • Collateral Acquisition Agreements means each of the agreements entered into by the Issuer in relation to the purchase by the Issuer of Collateral Debt Obligations from time to time.

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

  • Restructuring has the meaning set forth in the Recitals.

  • Restructuring related costs means reasonably incurred costs

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Restructuring Transactions Memorandum means a document, to be included in the Plan Supplement, that sets forth the material components of the Restructuring Transactions and a description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan, including the reorganization of the Debtors and issuance of the New Valaris Equity, through the Chapter 11 Cases, the Plan, or any Implementation Mechanism (including, in the United Kingdom, through the Administration).

  • Acquisition Agreements has the meaning specified in the Recitals.

  • VIE Agreements means the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder Voting Rights Proxy Agreement and the Equity Pledge Agreement entered into by and among some or all of the Parties hereto on the same day this agreement is entered, including any supplemental agreements or amendments to such agreements, and any other agreements, contracts or legal documents executed or issued by one or more Parties and/or Party C’s affiliated enterprises from time to time to ensure the performance of the aforesaid agreements, signed or accepted by Party A in writing.

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Investment Agreements has the meaning set forth in the Recitals.

  • Structural Term Sheets shall have the respective meanings assigned to them in the February 13, 1995 letter of Cleary, Gottlieb, Xxxxx & Xxxxxxxx on behalf of the Public Securities Association (which letter, and the SEC staff's response thereto, were publicly available February 17, 1995). The term "Collateral Term Sheet" as used herein includes any subsequent Collateral Term Sheet that reflects a substantive change in the information presented. "Computational Materials" has the meaning assigned to it in the May 17, 1994 letter of Xxxxx & Wood on behalf of Xxxxxx, Xxxxxxx & Co., Inc. (which letter, and the SEC staff's response thereto, were publicly available May 20, 1994). "Series Term Sheet" has the meaning assigned to it in the April 4, 1996 letter of Xxxxxx & Xxxxxxx on behalf of Greenwood Trust Company (which letter, and the SEC staff's response thereto, were publicly available April 5, 1996).

  • Refinancing Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Existing Term Loans has the meaning specified in Section 2.16(a).