Common use of Bar Date Clause in Contracts

Bar Date. (a) Subject to Clause 6.4(b), if a Deed Company Creditor: (i) submits or has submitted a Proof of Debt in respect of a Deed Company Claim following the Bar Date; or (ii) fails to submit a Proof of Debt in respect of a Deed Company Claim at all, ((i) and (ii) both constituting a “Barred Claim”), that Deed Company Creditor will be deemed to have abandoned its Deed Company Claim against the Deed Company and its Deed Company Claim will accordingly be extinguished. (b) Notwithstanding (a)(i) above, the Deed Administrators may admit any Proof of Debt submitted after the Bar Date in their absolute discretion and the relevant claim will be considered by the Deed Administrators as if it was not a Barred Claim for the purposes of determining rights or entitlements under this Deed.

Appears in 20 contracts

Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement

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Bar Date. (a) Subject to Clause 6.4(b6.2(b), if a Deed Company Creditor: (i) submits or has submitted a Proof of Debt in respect of a Deed Company Claim following the Bar Date; or (ii) fails to submit a Proof of Debt in respect of a Deed Company Claim at all, ((i) and (ii) both constituting a “Barred Claim”), that Deed Company Creditor will be deemed to have abandoned its Deed Company Claim against the Deed Company and its Deed Company Claim will accordingly be extinguished. (b) Notwithstanding (a)(i) above, the Deed Administrators may admit any Proof of Debt submitted after the Bar Date in their absolute discretion and the relevant claim will be considered by the Deed Administrators as if it was not a Barred Claim for the purposes of determining rights or entitlements under this Deed.

Appears in 18 contracts

Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement

Bar Date. (a) Subject to Clause 6.4(b6.2(b), if a Deed Company Creditor: (i) submits or has submitted a Proof of Debt in respect of a Deed Company Claim following the Bar Date; or (ii) fails to submit a Proof of Debt in respect of a Deed Company Claim at all, ((i) and (ii) both constituting a “Barred Barre d Claim”), that Deed Company Creditor will be deemed to have abandoned its Deed Company Claim against the Deed Company and its Deed Company Claim will accordingly be extinguished. (b) Notwithstanding (a)(i) above, the Deed Administrators may admit any Proof of Debt submitted after the Bar Date in their absolute discretion and the relevant claim will be considered by the Deed Administrators as if it was not a Barred Claim for the purposes of determining rights or entitlements under this Deed.

Appears in 2 contracts

Samples: Deed of Company Arrangement, Deed of Company Arrangement

Bar Date. (a) Subject to Clause 6.4(b6.2(b), if a Deed Company Creditor:Creditor:‌ (i) submits or has submitted a Proof of Debt in respect of a Deed Company Claim following the Bar Date; oror‌ (ii) fails to submit a Proof of Debt in respect of a Deed Company Claim at all, all,‌ ((i) and (ii) both constituting a “Barred Claim”), that Deed Company Creditor will be deemed to have abandoned its Deed Company Claim against the Deed Company and its Deed Company Claim will accordingly be extinguished. (b) Notwithstanding (a)(i) above, the Deed Administrators may admit any Proof of Debt submitted after the Bar Date in their absolute discretion and the relevant claim will be considered by the Deed Administrators as if it was not a Barred Claim for the purposes of determining rights or entitlements under this Deed.Deed.‌ 7 IMPLEMENTATION OF THE RESTRUCTURING‌

Appears in 2 contracts

Samples: Deed of Company Arrangement, Deed of Company Arrangement

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Bar Date. (a) Subject to Clause 6.4(b6.2(b), if a Deed Company Creditor:Creditor:‌ (i) submits or has submitted a Proof of Debt in respect of a Deed Company Claim following the Bar Date; oror‌ (ii) fails to submit a Proof of Debt in respect of a Deed Company Claim at all, all,‌ ((i) and (ii) both constituting a “Barred Barre d Claim”), that Deed Company Creditor will be deemed to have abandoned its Deed Company Claim against the Deed Company and its Deed Company Claim will accordingly be extinguished. (b) Notwithstanding (a)(i) above, the Deed Administrators may admit any Proof of Debt submitted after the Bar Date in their absolute discretion and the relevant claim will be considered by the Deed Administrators as if it was not a Barred Claim for the purposes of determining rights or entitlements under this Deed.Deed.‌ 7 IMPLEMENTATION OF THE RESTRUCTURING‌ 7.1 Pre -Completion Reorganisation 6.10.1 (Pre-Completion Reorganisation) of the Revised Administrators’ Proposal; and

Appears in 1 contract

Samples: Deed of Company Arrangement

Bar Date. (a) Subject to Clause 6.4(b6.34(b), if a Deed Company Creditor: (i) submits or has submitted a Proof of Debt in respect of a Deed Company Claim following the Bar Date; or (ii) fails to submit a Proof of Debt in respect of a Deed Company Claim at all, ((i) and (ii) both constituting a “Barred Claim”), that Deed Company Creditor will be deemed to have abandoned its Deed Company Claim against the Deed Company and its Deed Company Claim will accordingly be extinguished. (b) Notwithstanding (a)(i) above, the Deed Administrators may admit any Proof of Debt submitted after the Bar Date in their absolute discretion and the relevant claim will be considered by the Deed Administrators as if it was not a Barred Claim for the purposes of determining rights or entitlements under this Deed.

Appears in 1 contract

Samples: Deed of Company Arrangement

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