Common use of Postponement of Holdback Claims Clause in Contracts

Postponement of Holdback Claims. (a) The Deed Administrators will have the discretion (acting reasonably and in good faith) to delay the distribution of DOCA Creditor Entitlements to a Group Creditor provided that such DOCA Creditor Entitlements are held by the Holding Period Trustee for and on behalf of the relevant Group Creditor until such time that all of that Group Creditor’s Holdback Claims have been finally determined as Admitted Group Claims and, if relevant, adjusted in accordance with clause 9.7(e) below.

Postponement of Holdback Claims. (a) The Deed Administrators will have the discretion (acting reasonably and in good faith) to delay the distribution of DOCA Creditor Entitlements to a Group Creditor provided that such DOCA Creditor Entitlements are held by the Holding Period Trustee for and on behalf of the relevant Group Creditor until such time that the creditor becomes an Admitted Group Creditor until all of that Group Creditor’s Holdback Claims have been finally determined as Admitted Group Claims and, if relevant, adjusted in accordance with clause 9.7(e) below.