Scheme Supervisors definition

Scheme Supervisors means Luckin’s JPLs (or alternative and additional persons of at least the Managing Director level from Alvarez & Marsal mutually agreeable to the Company and the Majority Consenting Noteholders) who shall, in addition to any other administrative responsibilities associated with the implementation of the transactions contemplated and provided for in the terms of the scheme of arrangement relating to the convertible notes issued by Luckin in January 2020, be appointed as supervisors in respect of the Company and its subsidiaries’ finances and operations to implement and administer the scheme of arrangement and to continue to oversee and monitor the finances and operations of the Company upon the terms set out in a scheme supervisor protocol.
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Scheme Supervisors means Dan Schwarzmann and Nigel Rackham each of PricewaterhouseCoopers LLP, 1 Embankment Place, London, WC2N 6RH, providing that their appointment as such has not been terminated in accordance with Part 8 (The Scheme Supervisors) (or such other person as is appointed as a Scheme Supervisor in accordance with Part 8 (The Scheme Supervisors)) and any person who is employed by those persons or in the same firm as those persons and to whom the functions of Scheme Supervisor under the Scheme are delegated.
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Scheme Supervisors means Xxx Xxxxxxxxxxx and Xxxxx Xxxxxxx each of PricewaterhouseCoopers LLP, 0 Xxxxxxxxxx Xxxxx, Xxxxxx, XX0X 0XX, providing that their appointment as such has not been terminated in accordance with Part 8 (The Scheme Supervisors) (or such other person as is appointed as a Scheme Supervisor in accordance with Part 8 (The Scheme Supervisors)) and any person who is employed by those persons or in the same firm as those persons and to whom the functions of Scheme Supervisor under the Scheme are delegated.
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Examples of Scheme Supervisors in a sentence

  • The Scheme Supervisors shall act in good faith with reasonable skill and care and shall exercise their powers, duties and functions under the Scheme with a view to ensuring that the Scheme is implemented in accordance with its terms.

  • SchemeCo shall have the power to appoint any successor of either or both of the Scheme Supervisors.

  • Save that the Scheme Supervisors and the Scheme Adjudicator shall have the powers, rights and duties conferred upon them by the Scheme, the powers of the SchemeCo Board shall remain as before the Effective Date and the SchemeCo Board shall be entitled to exercise all their statutory and managerial powers and rights in relation to SchemeCo in accordance with their duties and functions.

  • The Scheme shall become effective, and bind SchemeCo, the Scheme Creditors, the Scheme Supervisors (in respect of the terms applicable to them) and the Scheme Adjudicator (in respect of the terms applicable to him) from the Effective Date.

  • LFSL has the power to appoint a successor to either or both of the Scheme Supervisors.

  • The Scheme Supervisors may reject a Notice of Claim in whole or in part for any reason under any applicable law.

  • Where the Scheme Supervisors are satisfied that, due to exceptional circumstances outside the control of a Submitted Scheme Claimant, that Submitted Scheme Claimant has failed to comply with any time limit, other than the Bar Date, the Scheme Supervisors may, in their absolute discretion, extend that time limit for that Submitted Scheme Claimant by notice to the Submitted Scheme Claimant.

  • The Scheme Costs include the costs of LFSL's advisers, the Scheme Supervisors, the Investor Advocate and the Chair of the Investor Committee.

  • Where two or more persons claim to be a Scheme Claimant, the Scheme Supervisors shall treat each of them as if they were the Scheme Claimant until they are notified of the outcome of any interpleader conducted pursuant to Clause 11.3.5.

  • The Scheme Supervisors shall be remunerated (on the basis of the time properly given by the Scheme Supervisors and their staff in attending to matters arising in the Scheme) out of the Scheme Creditors Settlement Amount in respect of their role in the Scheme and all acts reasonably incidental thereto.


More Definitions of Scheme Supervisors

Scheme Supervisors. Report” means a written report delivered by the Scheme Supervisors to the Creditors’ Committee pursuant to clause 5.3.3(b);
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Related to Scheme Supervisors

  • Scheme Manager Means Gloucestershire County Council as administering authority of the Gloucestershire Local Government (LGPS) Pension Fund

  • the Scheme means the Local Government Pension Scheme in

  • Water Supervisor means the Water Supervisor of the appropriate local office of the Safe Drinking Water Branch of the Ministry, where the Works are geographically located;

  • Clinical supervisor means any of the following:

  • Group-wide supervisor means the commissioner or other regulatory official designated as the group-wide supervisor for an internationally active insurance group under Section 31A-16-108.6.

  • Supervisors means employees who primarily perform supervisory functions, including the requirement to make recommendations regarding any staff or personnel matter. These staff or personnel matters include, but are not limited to, such areas as selection, promotion, appraisal, discipline, transfer, staffing needs, work methods, changes in terms and conditions of employment, grievances, or the interpretation and administration of the applicable Collective Agreement. “Supervisors” includes employees in other employee classifications who perform supervisory functions.

  • Supervisory Board means the Supervisory Board of the Company.

  • Site Supervisor means a Site employee, agent, or volunteer, who is responsible for monitoring and supervising the Student throughout the ELP.

  • Scheme Rules means the applicable SEPA direct debit or credit transfer scheme rules of the European Payments Council as amended from time to time.

  • Designated supervisor means the supervisor designated by the Superintendent of Schools or designee as the administrator’s supervisor.

  • Board of Supervisors means the Board of Supervisors of the County.

  • Scheme of Delegation means an instrument by the Directors delegating such powers and responsibilities of the Directors as may be appropriate for them to delegate to the Local Governing Bodies consistently with the Objects;

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Architectural Review Committee or “ARC” shall mean the architectural review committee established by the Organization to review plans submitted to the Organization for architectural review.

  • supervisory body means a functionary or institution referred to in Schedule 2;

  • Supervisor means Advisors Asset Management Inc., and its successors in interest, or any successor evaluator appointed as hereinafter provided."

  • friendly society means corporation that is a friendly society within the meaning of section 16C of the Life Insurance Act 1995 of the Commonwealth.

  • Immediate Supervisor means the person immediately superior to an employee who directs and supervises the work of that employee.

  • Supervisory Committee means an oversight committee elected at a general meeting;

  • construction supervisor means a competent person responsible for supervising construction activities on a construction site;

  • Multidisciplinary team means a group of individuals who possess knowledge and skills related to the diagnosis, assessment, and disposition of child abuse cases and who are professionals practicing in the disciplines of medicine, nursing, public health, substance abuse, domestic violence, mental health, social work, child development, education, law, juvenile probation, or law enforcement, or a group established pursuant to section 235B.1, subsection 1.

  • Portfolio Supervisor means First Trust Advisors L.P. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided." Section 1.01 (26) shall be added to read as follows:

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Architectural Control Committee means and refer to that committee constituted under Article 4 hereof for the review of Development Plans (as hereinafter defined) and other functions.

  • Training Plan means the plan that outlines what training and assessment will be conducted off-the-job and what will be conducted on-the-job and how the Registered Training Organisation will assist in ensuring the integrity of both aspects of the training and assessment process.

  • Scheme Circular means any circular to the shareholders of the Target to be issued by the Target setting out the proposals for any Scheme.