Scheme Creditors definition

Scheme Creditors means creditors of the Issuer whose claims against the Obligors are (or will be) the subject of the Cayman Scheme.

Scheme Creditors means the creditors of the Issuer and Marconi plc in respect of the Restructuring.

Scheme Creditors means the creditors or class of creditors of a co-operative to whom the Scheme would apply.

Examples of Scheme Creditors in a sentence

• Under the terms of the clause: “Within three months after each anniversary of the date, being either 31 December or 30 June, at the discretion of the Scheme Administrators, after The Australian Scheme becomes effective, the Scheme Administrators shall report to the Scheme Creditors on the progress of The Australian Scheme, including details of remuneration paid to the Office Holders, since thedate of the last such report”.

• Under the Restructuring Agreement, upon completion, all the issued shares of several subsidiaries of the Company (the “Excluded Companies”) will be transferred to a nominee of the scheme administrators for the benefit of the Scheme Creditors at a nominal consideration of HK$1 and any guarantee or indemnity given by the Company in respect of the obligations or liabilities of each of the Excluded Companies shall be released and discharged in full upon such transfer.

• Under the terms of the clause: “Within three months after each anniversary of the date, being either 31 December or 30 June, at the discretion of the Scheme Administrators, after The Australian Scheme becomes effective, the Scheme Administrators shall report to the Scheme Creditors on the progress of The Australian Scheme, including details of remuneration paid to the Office Holders, since the date of the last such report”.

• Under the terms of MMI’s Scheme of Arrangement, if MMI cannot complete a solvent runoff, Scheme Creditors may have to pay back part of all claims for which they have received settlements since 1992.Whilst the Scheme of Arrangement has not been triggered it remains “held in reserve”.

• It is envisaged that the Scheme shall involve a pari passu distribution of (and at the selection by each Scheme Creditor of one of the following) cash, convertible bonds, redeemable preference shares or other options or instruments which the Company may consider appropriate for the settlement of claims of the Scheme Creditors, details of which are subject to further negotiation.

More Definitions of Scheme Creditors

Scheme Creditors has the meaning as defined in the Explanatory Statement;

Scheme Creditors means persons with Scheme Claims.

Scheme Creditors means the Existing Notes Scheme Creditors, the Existing RCF Scheme Creditors and the Other Scheme Creditors.

Scheme Creditors means, in respect of the Scheme, the creditors under the Indenture as at the Record Time.

Scheme Creditors. Meeting” means a meeting of Scheme Creditors (other than Luxfer Group Limited) to approve the Noteholder Scheme convened by order of the Court for 9:30 a.m on 23 January 2007, notice of which is set out in Appendix VII to the scheme document, and any adjournment of that meeting;

Scheme Creditors. Resolution” means a resolution of a majority in number of Scheme Creditors (other than Luxfer Group Limited) representing three-fourths in value of the Senior Notes, present and voting either in person or by proxy, at the Scheme Creditors’ Meeting to approve the Noteholder Scheme;

Scheme Creditors means all scheme creditors of plc;