Scheme Company definition
Examples of Scheme Company in a sentence
As the divestment of the Excluded Subsidiaries to the Scheme Company and the proposed transfer of all assets of the Company (including all receivables due from third parties, but excluding the Intangible Assets that are applied and used by the Operating Companies for the Water Purification Business and the assets of each Operating Company) to the Scheme Company is not extended to all the other Shareholders, such transfer constitutes a special deal under Note 4 to Rule 25 of the Takeovers Code.
Such English Authorised Scheme Company or as the case may be the Scheme Administrators shall, so far as it or they are able, authorise and instruct any third party with any such information to disclose it to the FSCS.
Without prejudice to Section 219 and 221 of the Financial Services and Markets Act, such obligation shall not extend to any such information which such English Authorised Scheme Company or any such agent is under a legal duty not to disclose.
The obligation of the FSCS shall apply only in respect of any Protected Agreed Liability, Protected Outstanding Loss and Protected IBNR for which, by the terms of this paragraph 2, the Scheme Creditor is not entitled to any payment from the relevant English Authorised Scheme Company.
For the avoidance of doubt, the Scheme Administrators and each Scheme Company which is a party to this deed acknowledge and agree that the terms of this Deed and each Australian Scheme can be enforced directly by FSCS against them.
The Scheme Administrator covenants for the benefit of each Scheme Company and each of its Scheme Creditors (even though such Scheme Creditors are not parties to the Deed) that he or she will be bound by the terms of The Australian Scheme as if he or she were a party to The Australian Scheme.
Each Scheme Company and its creditors have entered the Scheme of Arrangement.
In the event that the FSCS does not agree that the whole or any part of such Notified Liability is a Protected Agreed Liability or a Protected Outstanding Loss or Protected IBNR (as the case may be) and has so notified the relevant English Authorised Scheme Company, then notice will be given by such English Authorised Scheme Company to the relevant Scheme Creditor of such determination.
Each English Authorised Scheme Company shall make payments to the FSCS as appropriate and in accordance with the terms of The English Scheme.
Two Scheme Creditors present in person or by proxy and having the right to vote at the meeting shall be a quorum, unless the English Scheme Company and the English Creditors’ Committee agree a smaller number.