Restructuring Plans · glossary
A document in which Valkenrade makes its promise directly to the account holders in the clearing systems. If the global note goes unpaid, each of them gets its own claim, called contingent direct rights. That claim makes each account holder a creditor in the plan, with a vote. Deed of Covenant, clause 4 · Chapter 8 · see Account holder letter
Explained in Chapter 8, Classes, the Convening Hearing and the Plan Meetings, of Restructuring Plans.
The main page for this term is Deed of Covenant, in Debt Capital Markets.
The answer is the Deed of Covenant, a document in which Valkenrade makes its promise to the account holders directly. It gives each of them its own claim if the global note goes unpaid…Read Chapter 8, Classes, the Convening Hearing and the Plan Meetings →
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