Assertion: moratorium | /r/HasSubevent | the rescue of the company
Facets:
value: as a going concern
type: MANNER
Source sentences:
text: During the COVID Period, the Monitor must be of the view that the moratorium is likely to result in the rescue of the company as a going concern, or would do so if it were not for any worsening of the financial position of the company for reasons relating to coronavirus.
text: It commences when certain documents are filed at court by the company and the Monitor including a statement by the Monitor that it is “likely that” the moratorium will result in rescue of the company as a going concern.
text: In addition, the Monitor is obliged to end the moratorium in certain circumstances, for example if the company fails to pay certain debts due during the moratorium (such as trade or finance creditors or wages) or the Monitor determines that the moratorium is no longer likely to result in the rescue of the company as a going concern.