Common use of Arbitration Claims Clause in Contracts

Arbitration Claims. If the Group Creditor Claim is the subject of a pending arbitration proceeding (“Arbitration Claim”), the Deed Administrators will accept (and the relevant Group Creditor shall be bound by such acceptance) the value of the relevant Group Creditor Claim and of any claimed Security Interest as determined by the relevant arbitrators for the purposes of calculating the Group Creditor’s DOCA Creditor Entitlements pursuant to Clause 8.2 (Calculation of DOCA Creditor Entitlements) and Clause 12 (Post- Restructuring Litigation Recoveries) the process for adjudication set out in Clauses 6.7 (Adjudication) and 6.10 (Security) above shall not apply. For the purpose of this clause, a pending arbitration proceeding is one in respect of which the reference for arbitration has been issued before the Record Date.

Arbitration Claims. If the Group Creditor Claim is the subject of a pending arbitration proceeding (“Arbitration Claim”), the Deed Administrators will accept (and the relevant Group Creditor shall be bound by such acceptance) the value of the relevant Group Creditor Claim and of any claimed Security Interest as determined by the relevant arbitrators for the purposes of calculating the Group Creditor’s DOCA Creditor Entitlements pursuant to Clause 8.2 (Calculation of DOCA Creditor Entitlements) and Clause 12 (Post- Post-Restructuring Litigation Recoveries) the process for adjudication set out in Clauses 6.7 (Adjudication) and 6.10 (Security) above shall not apply. For the purpose of this clause, a pending arbitration proceeding is one in respect of which the reference for arbitration has been issued before the Record Date.