Successful Resolution Applicant definition

Successful Resolution Applicant means the Resolution Applicant, whose Resolution Plan is accepted by the CoC and to whom the Letter of Intent is issued by the RP, in accordance with the terms of this RFRP, for the purposes of the Proposed Transaction.
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Successful Resolution Applicant means the Resolution Applicant whose Resolution Plan is accepted by the Committee of Creditors and to whom the Letter of Intent is issued by the Resolution Professional/Committee of Creditors in accordance with the terms of the ‘Request for Resolution Plan’.
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Successful Resolution Applicant means the Resolution Applicant, whose Resolution Plan is accepted by the CoC and to whom the Letter of Intent is issued by
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Examples of Successful Resolution Applicant in a sentence

  • Pursuant to the acceptance of the Letter of Intent, the Successful Resolution Applicant shall be required to comply with the following conditions, in accordance with the stipulated timelines, as set out in this RFRP (“Conditions Subsequent”).

  • We confirm that we have studied the provisions of the IB Code, the CIRP Regulations and other relevant laws and regulations to enable us to submit our Resolution Plan along with required documents and execute the other required documents in the event of our selection as the Successful Resolution Applicant.

  • The Successful Resolution Applicant shall, pursuant to the discussion with the CoC and upon approval by the Adjudicating Authority, execute Definitive Agreements as may be applicable and shall further comply with the conditions set out therein from the date of execution of the order of the Adjudicating Authority within the stipulated timelines.

  • The Earnest Money Deposit shall be returned to the Successful Resolution Applicant, upon submission of PBG as described in clause 1.9.3 above.

  • Upon acceptance of Letter of Intent by the Successful Resolution Applicant and upon submission of PBG by the Successful Resolution Applicant within the timelines defined above, the Resolution Professional will make an application to the Adjudicating Authority for approval of the Resolution Plan.

  • Upon approval of the Resolution Plan by the Adjudicating Authority, the Successful Resolution Applicant will be declared as the Successful Resolution Applicant by the Adjudicating Authority.

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  • The Successful Resolution Applicant shall submit a PBG as defined in clause 1.9.3 and unconditionally accept the Letter of Intent, without any conditions and record such acceptance by providing the Resolution Professional with 1 (one) copy of the Letter of Intent with an endorsement stating that such LOI is, “Accepted Unconditionally”, under the signature of the authorised Director of the Successful Resolution Applicant.

  • The Successful Resolution Applicant is expected to obtain all the relevant statutory and regulatory approvals required under Applicable Law for the Proposed Transaction upon acceptance of the Resolution Plan by the Adjudicating Authority, including, but not limited to, approvals required from the Competition Commission of India under the Competition Act, 2002/ any other regulatory approvals, within a period of 60 days from the signing of Definitive Agreements.

  • We understand that the Resolution Professional have further right to renegotiate the contents of this Resolution Plan and the decision of the CoC and / or the Resolution Professional (on behalf of CoC) in the selection of the Successful Resolution Applicant and rejection of other Resolution Plans shall be final and binding on us.


More Definitions of Successful Resolution Applicant

Successful Resolution Applicant means the Selected Resolution Applicant whose Compliant Resolution Plan is approved by the CoC under Section 30(4) of the Code and submitted to the Adjudicating Authority under Section 30(6) of the Code read with Regulation 39 of CIRP Regulations, in accordance with the Process Note.
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Successful Resolution Applicant or “Successful Applicant” means the Resolution Applicant whose Compliant Resolution Plan is approved by the CoC and to whom the Letter of Intent is issued by the CoC, in accordance with the terms of this RFRP.
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Related to Successful Resolution Applicant

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • UK Resolution Authority means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • Relevant Resolution Authority means the resolution authority with the ability to exercise any Bail-in Powers in relation to the relevant BRRD Party.

  • Resolution shall have the meaning specified in Section 8(E).