UK Restructuring definition
Examples of UK Restructuring in a sentence
Equifax further covenants that it will prevent any member of the Equifax Group which is a party to the Canadian Restructuring or the U.K. Restructuring (each as defined in Exhibit A) from undertaking any transaction described in Section 2.5(b)(i) through Section 2.5(b)(v) above except as permitted in Section 2.5(c) below.
Certegy further covenants that it will prevent any member of the Certegy Group which is a party to the Canadian Restructuring or the U.K. Restructuring from undertaking any transaction described in Section 2.5(b)(i) through Section 2.5(b)(v) above except as permitted in Section 2.5(c) below.
HULC shall not create or permit to exist any Lien or other claim in favor of any third party on any of its assets or revenues and shall not create or permit to exist any Indebtedness or other liabilities, contingent or otherwise, except to the extent a part of the UK Restructuring and other than any liabilities under any intercompany notes to Borrower and its Subsidiaries and tax liabilities to the extent permitted pursuant to subsections 5.7 and 6.3.
NON-ADJUSTING POST BALANCE SHEET EVENTS NOTEAs announced on 12 May 2021, the English Court sanctioned the Virgin Active UK Restructuring Plan under the provisions of Part 26A of the UK Companies Act 2006 (“Restructuring Plan”).
Enter into any merger or consolidation, except for any Permitted Merger or Permitted Transfer under clause (iv) of the definition thereof, or sell, lease, transfer, relocate or dispose of all, substantially all, or any material part of its assets, except for Permitted Transfers and Permitted Securitization(s) and other transfers made pursuant to the UK Restructuring, provided that, both before and after giving effect thereto, no Default or Event of Default has occurred and is continuing.
The Seller shall prepare (or cause to be prepared) (i) each Tax Return of or relating to the members of the Company Group for any Tax Period ending on or before the Closing Date that is required to be filed after the Closing Date and (ii) the portion of any U.K. Straddle Return that relates to any liability under section 179 TCGA 1992 in respect of the U.K. Restructuring or any other liability arising in respect of the U.K. Restructuring, in each case that may give rise to a claim under Section 1(a).
Simultaneously with or prior to the closing of the UK Restructuring, the UK Surviving Company will deliver to Convera and B2B copies of the UK Restructuring agreements, assignments, assumptions and other documents together with a joinder agreement in the form attached hereto as Exhibit 1.4 under which the UK Surviving Company will agree to be bound by all of FL’s duties and obligations under the Agreement (the “Joinder Agreement”).
The UK Restructuring and the Second Restructuring have each closed.
See Michael Rutstein, ‘Roll up! Roll up! Schemes round-up: foreign companies are coming to England to benefit from the scheme of arrangement process.’ (2011) 4(4) Corporate Rescue and Insolvency 125, 126.264 Alarna Carlsson-Sweeny, ‘English scheme of arrangement: useful for a Spanish restructuring’ (PLC UK Restructuring and Insolvency, June 2010) < http://uk.practicallaw.com/4-502-6385> accessed 14 February 2019.265 Re Metrovacesa SA [2011] EWHC 1014 (Ch).
The Holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as and to the extent described in the Pooling and Servicing Agreement and the Indenture.