RJ Plan definition

RJ Plan means the judicial reorganization plan that was approved by the requisite majorities of creditors in the general Creditors’ Meeting held in Brazil on December 19 and 20, 2017 (plano de recuperação judicial), as amended by the RJ Plan Amendment.
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RJ Plan means the judicial reorganization plan submitted by Light in the context of the Brazilian RJ Proceeding on May 18, 2024, which shall be voted by the RJ Creditors at the general meeting of creditors on May 29, 2024 and subsequently confirmed by the Brazilian Bankruptcy Court. ▪ “Scheme of Arrangement” means a scheme of arrangement under the UK Companies Act 2006, which will be pursued by the Company to implement the RJ Plan and restructure the Notes in accordance with the terms set forth in this Term Sheet and to be further provided in the Restructuring Support Agreement. ▪ “SESA Notes” means the 4.375% Notes Units due 2026 issued by SESA and guaranteed by Light. ▪ “Term Sheet Creditors” means the RJ Creditors who have executed this Term Sheet. ▪ “UK Court” means the court in the United Kingdom which will preside the Scheme of Arrangement.
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RJ Plan has the meaning set forth in the recitals to this Agreement.
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Examples of RJ Plan in a sentence

  • Each warrant granted to the new money subscribers shall be exercised at the same date that the New Money Capital Raise is completed, for the price of BRL 0.01 (one cent of Brazilian Real) per 1 share (LIGT3), as provided in Section 5.1.6 of the RJ Plan.

  • RJ Creditors holding RJ Claims will be offered recovery options as set forth in this Term Sheet and in the RJ Plan.

  • Adjustment Rate RJ Claims (with the exception of XX Xxxxxx held by Supporting SESA Financial Creditors) shall be adjusted to reflect interest accrued from May 12, 2023 to June 30, 2024, capped at BRL405.5 million (which cap was reached on November 17, 2023, as reflected in Exhibit B to the RJ Plan as provided for in the RJ Plan (the “Updated Claims”).

  • Restructuring Support Agreement The Term Sheet shall be complemented by the Restructuring Support Agreement pursuant to the terms of the RJ Plan.

  • Lock-up Applicable to the shares issued pursuant to the New Money Capital Raise, including those to be issued as a result of the exercise of the warrants, as provided in Section 5.1.8 of the RJ Plan.

  • Supporting Conversion Creditor RJ Creditors who adhere to the option of “Supporting Conversion Creditor” pursuant to the RJ Plan, this Term Sheet and the Restructuring Support Agreement, with the commitment of exchanging at least 35% of their SESA Updated Claims (as defined below) (“Minimum Conversion”) for convertible debentures to be issued by Light (“Convertible Debentures”).

  • To achieve this, the Parties currently contemplate that, as part of the Restructuring, the RJ Company Parties and the Term Sheet Creditors shall execute a Restructuring Support Agreement, as already authorized under the RJ Plan, which shall provide the terms and conditions to the implementation of the RJ Plan and this Term Sheet.

  • The Anchor Shareholder undertook to subscribe for new common shares (“Anchor Shareholder’s New Shares”) in the amount of up to R$ 1,000,000,000.00 (one billion Reais) (“Anchor Shareholder’s Capital Raise Amount”), including committing to subscribe to any surplus within such capital raise to ensure a contribution of new funds in the amount corresponding to the Anchor Shareholder’s Capital Raise Amount, as provided in Sections 4.1.1(i) and 5.1of the RJ Plan and Annex A thereto.

  • Amount With the view of allowing for the implementation of the JR Plan and the restructuring of the JR Claims (including the Notes), Light will pursue a capital increase of a minimum of BRL 1,000,000,000.00 (one billion Brazilian Reais) and up to BRL 1,500,000,000.00 (one billion five hundred million Brazilian Reais) as per Sections 4.1.1(i) and 5.1 of the RJ Plan.

  • The RJ Company Parties agree to waive the condition to the effectiveness of the RSA provided under the RJ Plan, so that the RSA shall become effective upon execution by RJ Creditors holding, in aggregate, the majority of outstanding principal of Notes (the “CP”), by June 30, 2024 (or as otherwise may be extended by written agreement of the RJ Company Parties and the Term Sheet Creditors, the “CP Deadline”).


More Definitions of RJ Plan

RJ Plan means a recovery plan (including all exhibits, schedules, supplements, appendices, annexes and attachments thereto) consistent with the A&R Term Sheet and otherwise in form and substance acceptable to the Requisite Commitment Parties and the Company, as evidenced in writing, the form of which is attached to the A&R PSA as Exhibit E.
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Related to RJ Plan

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Service Plan means the Operating Plan and Budget appended as Schedules A and D2a of Schedule D;

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Case plan means a written document developed by the PCSA, PCPA or Title IV-E agency and the family which identifies strengths of the family, concerns to be resolved and supportive services to be provided which will result in ensuring permanence for the child.

  • RBC plan means a comprehensive financial plan containing the elements specified in K.S.A. 40-2c06, and amendments thereto. If the commissioner rejects the RBC plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the "revised RBC plan."

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Health benefits plan means a benefits plan which pays or

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Non-U.S. Plan means any plan, fund or other similar program that (a) is established or maintained outside the United States of America by the Company or any Subsidiary primarily for the benefit of employees of the Company or one or more Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and (b) is not subject to ERISA or the Code.