Examples of DOCA Creditor Entitlements in a sentence
The AFF Financiers have exercised the AFF Rolled Up Election pursuant to the terms of the AFF Documents and will be entitled to receive AFF Reorganisation Entitlements in connection with the Restructuring in exchange for waiving certain of their Group Creditor Claims, alongside the DOCA Creditor Entitlements to which they are entitled in their capacity as Group Creditors.
Group Creditors are only entitled to receive the DOCA Creditor Entitlements that are declared by the LTD Deed Administrators and provided for in this Deed, the LTD DOCA, the other Group DOCAs, and the Restructuring Documents, and the right of recourse in respect of each Group Creditor Claim is solely limited to such DOCA Creditor Entitlements.
The Deed Company will have no right or claim against any other Group DOCA Company in respect of or as a result of the distribution by LTD of DOCA Creditor Entitlements or the assumption or performance of any of its obligations under this Deed and the Deed Company releases and discharges each other Group DOCA Company from any such obligation or liability.
The DOCA Creditor Entitlements are the property available to pay the Admitted Group Claims of Deed Company Creditors and Group Creditors who are Admitted Group Creditors, excluding AFF Waived Claims and Intra-Group Deed Company Claims.
Notwithstanding any other provision of this Deed or the Group DOCAs, each Group Creditor’s DOCA Creditor Entitlements are to be determined by the LTD Deed Administrators by reference to the Group Creditor Claims (excluding AFF Waived Claims and Intra-Group Deed Company Claims).
The distribution of DOCA Creditor Entitlements shall be treated by the Deed Company Creditors as settlement of all and any claims and Liabilities against the Deed Company waived or released under this Deed and/or the Restructuring Implementation Deed to the extent outlined in Clause13.1 above.
Only one Nominated Recipient can be appointed in respect of the DOCA Creditor Entitlements.
The Deed Administrators shall be under no obligation to recognise any assignment or transfer of rights, benefits or interests in the Group Creditor Claims after the Record Date for the purposes of calculating DOCA Creditor Entitlements under this Deed and have no obligations hereunder to any person other than the Group Creditors as at the Record Date.
Group Creditors are only entitled to receive the DOCA Creditor Entitlements that are declared by the Deed Administrators and the Deed Company and provided for in this Deed and the Related DOCAs and the Restructuring Documents, and the right of recourse in respect of each Group Creditor Claim is solely limited to such DOCA Creditor Entitlements.
Only Offensive Claims commenced or which the Administrators have stated on or prior to the Record Date they intend to commence will affect the amount of a Group Creditor’s DOCA Creditor Entitlements.