Restructuring Plans · glossary
The last day for the plan to take effect. If it has not by then, the plan lapses, the lock-up ends and the Notes go on unchanged. Valkenrade’s falls at the end of August 2033, just before the Notes fall due. Lock-up Agreement, as summarised, paragraph 6.6 · Chapter 4 · see Effective date
Explained in Chapter 4, The Lock-up Agreement: Undertakings and Consent Fee, of Restructuring Plans.
The main page for this term is Long stop date, in Legal Due Diligence.
The long-stop date is the last day for the plan to take effect. Valkenrade’s falls at the end of August 2033. If the plan has not taken effect by then, it lapses, and the Notes go on unchanged.Read Chapter 4, The Lock-up Agreement: Undertakings and Consent Fee →
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