Common use of Distributions to Certificate Holders Clause in Contracts

Distributions to Certificate Holders. (a) A Certificate Holder shall only be entitled to receive a distribution of DOCA Creditor Entitlements as if it filed a Proof of Debt in respect of the relevant Capital Markets Claim if: (i) on the Restructuring Effective Date: (A) the relevant Certificate Holder complies with Clause 9.1 (Distribution Requirements for EPM Entitlements to Admitted Group Creditors as at the Initial Distribution Time); and (B) the relevant Capital Markets Trustee has not elected to receive a Total Distribution by the Record Date; (ii) on a Subsequent Distribution Date: (A) the relevant Certificate Holder complies with Clause 9.2 (Subsequent Distribution Requirements for EPM Entitlements to Admitted Group Creditors following the Initial Distribution Time); and (B) the relevant Capital Markets Trustee has not: (I) previously received a Total Distribution in accordance with Clause 9.3(c) (Distributions to Capital Markets Trustees) above; or (II) elected to receive such a distribution on or before the relevant Subsequent Distribution Date and complied with the Subsequent Distribution Requirements before the Business Day falling eight (8) Business Days prior to the Subsequent Distribution Date. (b) If a Certificate Holder is entitled to receive a distribution of DOCA Creditor Entitlements on a Distribution Date pursuant to Clause 9.4(a) above, the Certificate Holder may receive a distribution of DOCA Creditor Entitlements calculated using the face value of the Certificate Holder’s relevant Capital Markets Certificates.