Common use of Abandoned claims Clause in Contracts

Abandoned claims. A Group Creditor (other than a Group Creditor subject to clause 6.9 (Arbitration Claims)) will have abandoned, and will be taken for all purposes to have abandoned, a Group Creditor Claim and any associated DOCA Creditor Entitlements (if any) to which it is entitled pursuant to this Deed, if and only to the extent that such Group Creditor Claim has been rejected by the Deed Administrators pursuant to Clause 6.5 (Claims Admission Notice) and is not (i) the subject of an appeal subject to Clause 6.6(b) or (c) (Rejected Claims), or (ii) the subject of a court proceedings subject to Clause 6.8 (Adjudication Claims that may be determined by a Court), following the expiry of the applicable deadline set out in the relevant clause.

Abandoned claims. A Group Creditor (other than a Group Creditor subject to clause 6.9 (Arbitration Claims)) will have abandoned, and will be taken for all purposes to have abandoned, a Group Creditor Claim and any associated DOCA Creditor Entitlements (if any) to which it is entitled pursuant to this Deed, if and only to the extent that such Group Creditor Claim has been rejected by the Deed Administrators pursuant to Clause 6.5 (Claims Admission Notice) and is not (i) the subject of an appeal subject to Clause 6.6(b) 6.6(b) or (c) (Rejected Claims), or (ii) the subject of a court proceedings subject to Clause 6.8 (Adjudication Claims that may be determined by a Court), following the expiry of the applicable deadline set out in the relevant clause.