Asset Restructuring definition

Asset Restructuring means that, with respect to one or more Asset Issuer Obligations and in relation to an aggregate amount of not less than the Asset Default Requirement, any one or more of the following events occurs in a form that binds all holders of such Asset Issuer Obligation, is agreed between the Asset Issuer or a Government and a sufficient number of holders of such Asset Issuer Obligation to bind all holders of such Asset Issuer Obligation or is announced (or otherwise decreed) by an Asset Issuer or a Government in a form that binds all holders of such Asset Issuer Obligation, and such event is not expressly provided for under the terms of the Asset Issuer Obligation in effect as of the later of the Issue Date and the date as of which such Asset Issuer Obligation was first acquired by the Issuer:
View Source
Asset Restructuring means, as determined by the Calculation Agent, in relation to any Initial Assets or any Borrowed Money Obligation, the occurrence of any one or more of the following events (whether by operation of law, by agreement with holders of such Initial Assets, or otherwise) in a form that binds all holders of the relevant Initial Asset or Borrowed Money Obligation:
View Source
Asset Restructuring means that, with respect to any Initial Assets, any one or more of the following events has occurred (whether by operation of law, by agreement with holders of such Assets, or otherwise) in a form that binds all holders of the relevant Asset, as determined by the Calculation Agent:
View Source

Examples of Asset Restructuring in a sentence

  • According to the Administrative Measures for the Material Asset Restructuring of Listed Companies issued by the CSRC, the Acquisition does not constitute a material asset restructuring as contemplated under the measures, therefore it shall not be subject to shareholders’ approval at a general meeting.

  • A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.

  • As of the Closing, (a) the DWM Asset Restructuring will have been implemented in accordance with the DWM Asset Restructuring Plan in all material respects and in compliance with all applicable Legal Requirements in all material respects, and (b) all Approvals required to implement the DWM Asset Restructuring will have been obtained.

  • In case that the Proposed Placement is to be completed after the completion of the Asset Restructuring, immediately following the issuance of the Placing Shares and assuming the Placing Shares are fully issued, the equity interest of the Company in CRED Holding will be diluted to 75.42%.

  • Therefore, on 28 December 2017, the Company and Jidong Cement entered into (i) the Termination Agreement to terminate the Asset Restructuring; and (ii) the Framework Agreement in relation to the establishment of the JV Company.

  • In connection with the Asset Restructuring, the valuation of the mining assets of the Target Interests proposed to be transferred by the Company in consideration for the subscription of shares in Jidong Cement (the “Target Mining Rights”) was based on future profit forecast.

  • Completion of the Asset Restructuring shall mean the date on which the shares issued by Jidong Cement are registered under the name of the Company.

  • Due to change of internal and external circumstances, the approval of the CSRC of the Asset Restructuring is not expected to be obtained.

  • The Company shall first settle the additional compensation by way of shares in Jidong Cement, and where the shares subscribed by the Company under the Asset Restructuring are insufficient for the settlement of the compensation, the Company shall then settle the remainder of compensation by way of cash.

  • As disclosed in the Circular, the Asset Restructuring was subject to the approval by the CSRC.


More Definitions of Asset Restructuring

Asset Restructuring if specified as applicable, an Asset Restructuring, the Issuer will give a Notice of Redemption and will redeem the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date;
View Source

Related to Asset Restructuring

  • Permitted Restructuring means the completion of: (a) an offer made by, or on behalf of, an Eligible Company to all (or as nearly as may be practicable all) of the shareholders of the Issuer (or, if the Issuer is not then the Ultimate Owner, to the shareholders of the then Ultimate Owner) to acquire the whole (or as nearly as may be practicable the whole) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued ordinary share capital) other than those already held by or on behalf of such Eligible Company; or (b) a reorganisation or restructuring whether by way of a scheme of arrangement or otherwise pursuant to which an Eligible Company acquires all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued share capital) other than those already held by such Eligible Company or pursuant to which all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued capital) not held by the New Holding Company is cancelled;

  • Restructuring has the meaning set forth in the Recitals.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).