Examples of Claims Determination Process in a sentence
Deed Company Claims shall be dealt with for all purposes in accordance with Clause 6 (Claims Determination Process) of the LTD DOCA and any related provisions of that DOCA notwithstanding that those claims are against the Deed Company, not LTD.
For the avoidance of doubt, any assessment, decision or action undertaken by the Deed Administrators in connection with the Claims Determination Process will not constitute an assessment, decision or action of the Administrators, the Related Administrators or the Related Deed Administrators.
Any assessment, decision or action undertaken in connection with the Claims Determination Process will be an assessment, decision or action of the Deed Administrators.
All Group Company Creditors must complete the relevant Schedules to this Admitted Group Creditor Letter in order to receive and make certain elections in respect of DOCA Creditor Entitlements (subject to the Claims Determination Process established pursuant to the LTD DOCA).
The receipt of returns to Unsecured Creditors, as set out in these Revised Administrators’ Proposals, will be subject to the Claims Determination Process (as defined below) (see Section 6.8) and each Unsecured Creditor’s compliance with the Initial Distribution Requirements or Subsequent Distribution Requirements (as relevant) described in section 6.13.2.
The Counterparty Claim is discussed in the Second Report and is being addressed through the Claims Determination Process.
As at the Bar Date, purported trade creditor claims amounted to approximately $360.5 million, split across approximately 2,300 claims (however, these claims are subject to the Claims Determination Process).
This is because the investigations into disputed claims by the Joint Administrators and the related Claims Determination Process are ongoing and will not be sufficiently advanced at the time of the Meetings to make final determinations on creditors’ claims.
Without prejudice to Clause 9.7(Postponement of Holdback Claims), when calculating the DOCA Creditor Entitlements of each Group Creditor and making the EPM Entitlements Notification the Deed Administrators will provisiona lly assume that each Holdback Creditor’s Holdback Claim will be admitted to proof in full as an Unsecured Debt pursuant to the Claims Determination Process.
Given the size and breadth of claims against the DOCA Companies, the DOCAs propose that the review and determination of claims against the DOCA Companies be concluded using the Claims Determination Process described in the DOCAs, rather than the process established under the IR15.