Restructuring Plans · glossary
A short letter by which a noteholder joins the lock-up after signing day. A signer may sell its Notes only to a buyer that signs one. The buyer takes over the seller’s promises and its right to the consent fee, so a promised vote stays promised. Lock-up Agreement, as summarised, paragraph 6.7 · Chapter 4 · see Lock-up, Consent fee
Explained in Chapter 4, The Lock-up Agreement: Undertakings and Consent Fee, of Restructuring Plans.
The lock-up was signed in January 2033, on the day the plan went public. Its parties are Valkenrade, the bank, the family’s holding companies and noteholders. The five committee members, who agreed the terms with Valkenrade, are among them. Any other noteholder may join by signing an accession letter, a short letter that makes it a party.Read Chapter 4, The Lock-up Agreement: Undertakings and Consent Fee →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Restructuring Plans and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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