Restructuring Plans · glossary
Notes held in the clearing system under an account holder letter, so that they cannot be sold until the plan meetings end. A noteholder’s vote counts only for Notes blocked in this way. The bank holds no Notes and votes by a proxy form instead. Explanatory Statement, definitions, “Blocked Notes” · Chapter 8 · see Account holder letter
Explained in Chapter 8, Classes, the Convening Hearing and the Plan Meetings, of Restructuring Plans.
The letter must reach the information agent, the firm that receives and counts the votes, before the voting deadline. The chair may accept a late letter, but need not. The Notes a letter covers become blocked Notes, which cannot be sold until the meeting ends. The bank votes by a proxy form instead.Read Chapter 8, Classes, the Convening Hearing and the Plan Meetings →
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.
Existing Notes blocked in a clearing system under an Account Holder Letter until the Plan Meetings end;Read the definition in the document →
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Restructuring Plans → · All terms A–Z →