SIHPL Section 155 Proposal definition

SIHPL Section 155 Proposal means the compromise or arrangement dated 19 January 2021 (including any addendum thereto or any amendment, modification or variation thereof) and as made available at www.steinhoffsettlement.com, to be proposed by SIHPL to certain classes of its creditors pursuant to section 155 of the South African Companies Act (2008) (as may be supplemented, amended, modified or varied) which includes the respective application to the South African Court for the sanctioning of the section 155 proposal as well as the order of the South African Court that sanctions the section 155 proposal.
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Examples of SIHPL Section 155 Proposal in a sentence

  • The success of the Steinhoff Group Settlement is dependent on both this SIHNV Composition Plan and the SIHPL Section 155 Proposal becoming effective, so that there is a resolution of all or substantially all of the Litigation and potential recourse claims in both estates.

  • Given the inter-conditionality between both the SIHPL Section 155 Proposal and this SIHNV Composition Plan (see section 2.3 and paragraph 115 below), this support is critical for the successful implementation of the Steinhoff Group Settlement as a whole, and by consequence this SIHNV Composition Plan.20.

  • Whilst SIHPL and SIHNV received positive responses to the increased settlement offer referred to in section 2.2.1, SIHPL and SIHNV concluded that additional support was required to achieve certainty of outcome under the SIHPL Section 155 Proposal proposed in South Africa.

  • This additional contribution, referred to as the SIHPL MPC Settlement Fund, will be allocated proportionately among only the SIHPL MPC Claimants based on the Steinhoff Allocation Plan and under the terms of the SIHPL Section 155 Proposal.

  • This additional contribution will strengthen the overall levels of support for the SIHPL Section 155 Proposal.

  • Each MPC Claimant and SIHNV Contractual Claimant whose Claim is accepted under the terms of this SIHNV Composition Plan and/or the SIHPL Section 155 Proposal will be entitled to a pro rata share of the SoP Settlement Fund in proportion to its Claim Value as determined by SRF.

  • In order to put SIHNV, SIHPL, SRF and other relevant entities within the Steinhoff Group in the position necessary to fulfil their respective obligations under each of the SIHPL Section 155 Proposal and this SIHNV Composition Plan, a funds flow process comprising a series of steps has been prepared by Moelis & Company UK LLP in consultation with the Steinhoff Group's internal tax team and internal and external counsel (the "Funds Flow Process").104.108.

  • In order to put SIHNV, SIHPL, SRF and other relevant entities within the Steinhoff Group in the position necessary to fulfil their respective obligations under each of the SIHPL Section 155 Proposal and this SIHNV Composition Plan, a funds flow process comprising a series of steps has been prepared by Moelis & Company UK LLP in consultation with the Steinhoff Group's internal tax team and internal and external counsel (the "Funds Flow Process").103.100.

  • The effect of this SIHNV Composition Plan and the SIHPL Section 155 Proposal will be that MPC Claimants will not have to undergo costly and lengthy legal proceedings to fully determine the applicable law, validity and quantum of their Claims.115.112.

  • In order to put SIHNV, SIHPL, SRF and other relevant entities within the Steinhoff Group in the position necessary to fulfil their respective obligations under each of the SIHPL Section 155 Proposal and this SIHNV Composition Plan, a funds flow process comprising a series of steps has been prepared by Moelis & Company UK LLP in consultation with the Steinhoff Group's internal tax team and internal and external counsel (the "Funds Flow Process").100.108.

Related to SIHPL Section 155 Proposal

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).

  • Transaction Proposal has the meaning specified in Section 8.02(c).

  • Alternative Transaction Proposal means any proposal, offer, inquiry or contact with respect to an Alternative Transaction.

  • Alternative Proposal has the meaning set forth in Section 6.2(b).

  • Superior Proposal Notice has the meaning specified in Section 5.4(1)(c).

  • Company Acquisition Proposal means any proposal for a merger or other business combination involving the Company or the acquisition of any equity interest in, or a substantial portion of the assets of, the Company, other than the transactions contemplated by this Agreement.

  • Superior Acquisition Proposal means a bona fide Acquisition Proposal made by a third party for one or more of the McNeil Partnerships which the general partner of each such McNeil Partnership determines in good faith to be more favorable to the limited partners of such McNeil Partnership from a financial point of view than the Mergers and the other transactions contemplated by this Agreement with respect to such McNeil Partnership, and which such general partner determines in good faith is reasonably likely to be consummated.

  • Responsive Proposal means a Proposal that complies with the material provisions of this RFP.

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Transaction Proposals has the meaning set forth in Section 5.8.

  • Company Superior Proposal shall have the meaning set forth in Section 7.4(b).

  • Competing Proposal shall have the meaning set forth in Section 6.6(f)(i).

  • Bid Proposal or “Proposal” means the bidder’s proposal submitted in response to the RFP.

  • Eligible Proposal means a Proposal that meets or exceeds the prescribed requirement, proceeding to the next stage of evaluation;

  • Unsolicited proposal means a written proposal for a public-private initiative that is submitted by a private entity for the purpose of entering into an agreement with the department but that is not in response to a formal solicitation or request issued by the department.

  • Proposal means the Technical Proposal and the Financial Proposal of the Consultant.

  • Permitted Section 5(d) Communication means the Section 5(d) Written Communication(s) and Marketing Materials listed on Schedule C attached hereto. All references in this Agreement to the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus and the Prospectus shall include the documents incorporated or deemed to be incorporated by reference therein. All references in this Agreement to financial statements and schedules and other information which are “contained,” “included” or “stated” in, or “part of” the Registration Statement, the Rule 462(b) Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus, and all other references of like import, shall be deemed to mean and include all such financial statements and schedules and other information which is or is deemed to be incorporated by reference in the Registration Statement, the Rule 462(b) Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus, as the case may be. All references in this Agreement to amendments or supplements to the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, the Time of Sale Prospectus or the Prospectus shall be deemed to mean and include the filing of any document under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the “Exchange Act”) that is or is deemed to be incorporated by reference in the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus, or the Prospectus, as the case may be. All references in this Agreement to (i) the Registration Statement, the Preliminary Prospectus, any preliminary prospectus, the Base Prospectus or the Prospectus, any amendments or supplements to any of the foregoing, or any free writing prospectus, shall include any copy thereof filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval System (“XXXXX”) and (ii) the Prospectus shall be deemed to include any “electronic Prospectus” provided for use in connection with the offering of the Offered Shares as contemplated by Section 3(n) of this Agreement. The Company hereby confirms its agreements with the Underwriters as follows:

  • Notice of Superior Proposal has the meaning set forth in Section 5.09(e).

  • Request for Proposals (RFP means all documents, including those attached or incorporated by reference, used for soliciting proposals.

  • Superior Company Proposal has the meaning set forth in Section 6.02(e).

  • Takeover Proposal means any offer or proposal for, or any indication of interest in, a merger or other business combination involving Target or the acquisition of any significant equity interest in, or a significant portion of the assets of, Target, other than the transactions contemplated by this Agreement.

  • Parent Acquisition Proposal means any offer or proposal for a merger, reorganization, recapitalization, consolidation, share exchange, business combination or other similar transaction involving Parent or any of its Subsidiaries or any proposal or offer to acquire, directly or indirectly, securities representing more than 20% of the voting power of Parent or more than 20% of the assets of Parent and its Subsidiaries taken as a whole, other than the Combination contemplated by this Agreement.

  • approved proposal means a proposal approved or deemed to be approved under this Agreement;

  • Request for Proposal (RFP means the solicitation document issued by Purchasing to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.

  • Business Combination Proposal has the meaning set forth in Section 5.8.

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.