Examples of Restructuring Implementation Agreement in a sentence
In addition to setting out the main terms for the Restructuring, the purpose of the Restructuring Implementation Agreement is also to govern the implementation process and to cater for the sequencing of various steps and events related to the Restructuring.
However, it shall be a condition for the Proposal to remain effective, that the Restructuring Implementation Agreement becomes effective within 29 May 2020 (or such later date as the parties thereto may agree, but prior to the Longstop Date).
The Bondholders are not a party to the Restructuring Implementation Agreement, but the said agreement require the Bondholders to accept redemption of all Bonds and settlement of all SOFF04 Bond Liabilities, against a part payment in cash of NOK 50,000,000 and conversion of the remaining SOFF04 Bond Liabilities in the amount of NOK 1,112,401,414 to shares in the Issuer.
On 8 May 2020, Solstad signed a Restructuring Implementation Agreement (the ”RIA”) for a restructuring of the Group (the ”Restructuring”) with a majority of the Restructuring’s key stakeholders, including all of its secured finance providers except for three creditors in the Solship Invest 3 AS and Farstad Shipping AS silos.
Member sitting so long on the side of the Treasury Benches has forgotten everything.