Scheme Supervisors definition

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 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 ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇ each of PricewaterhouseCoopers LLP, ▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇, 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

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

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

  • The Company will report to the Scheme Supervisors any failure by the Company to meet any Milestone as determined in accordance with the Term Sheet.

  • The Company shall have reporting obligations to the Scheme Supervisors in a manner to be agreed to enable the Scheme Supervisors to understand the Group’s operational and financial performance, including the income and expenditure for the Group on a consolidated basis, and to exercise their monitoring and supervision roles.

  • Where the JOLs are of the view that the cost of complying with the request is likely to exceed US$10,000, they will provide a reasonable quote of the timescale and fee for complying with the request to the Scheme Supervisors as soon as practically possible and, in any event within 5 business days of receipt of the request.

  • Clause 15.9.3 sets out the types of information and documents held by the JOLs that the Scheme Supervisors may reasonably request in order to carry out their functions under the First Scheme as amended by the Amendment Scheme.

  • The Company shall provide the Scheme Supervisors with the same level of access and oversight over the bank accounts held by the Group (the “Group’s Accounts”) as provided to the JPLs, and the Scheme Supervisors shall oversee and monitor the use of the Group’s Accounts.

  • The Scheme shall address the consequences of the Company failing to comply with its obligations towards the Scheme Supervisors, and shall set out an appropriate mechanism for the resolution of any disputes in relation to the role, powers, or functions of the Scheme Supervisors and the Company’s compliance with the agreed framework in an expedient, cost effective and (as far as possible) a confidential manner.

  • A Disputed Scheme Claim may at any time become an Agreed Claim by agreement in writing between the Scheme Supervisors and the relevant Scheme Claimant.

  • If there is a Turnover Amount, the Scheme Supervisors shall select an appropriate expert to certify to SchemeCo‌ the value of the Turnover Amount.


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 the individual who has been nominated by the Recipient to be the principal point of contact for the Authority in relation to the Grant Agreement and whose name is recorded in Annex C;

  • Approved supervisor means a licensee who has met the requirements for approval as a professional counselor supervisor, marriage and family therapy supervisor, or addiction counselor supervisor as provided in regulation.

  • the Scheme means the Local Government Pension Scheme in

  • 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.