Common use of Entitlements Clause in Contracts

Entitlements. (a) Deed Company Creditors that are Admitted Group Creditors shall be dealt with for all purposes in accordance with clauses 8 (Entitlements), 9 (Distributions of entitlements), 10 (Assignments or transfers) 11 (Litigation Undertaking) and 12 (Post-Restructuring Litigation Recoveries) of the LTD DOCA and any related provisions of that DOCA notwithstanding that those claims are against the Deed Company, not LTD (including, for the avoidance of doubt and without limitation, clauses 9.7 (Postponement of Holdback Claims) and 9.11 (Expiry of DOCA Creditor Entitlements) of the LTD DOCA). (b) AFF Financiers shall be dealt with for all purposes in accordance with clauses 8.4 (Calculation of AFF Reorganisation Entitlements) and 9.8 (Distribution of AFF Reorganisation Entitlements) of the LTD DOCA and any related provisions of that DOCA, even if the relevant AFF Rolled Up Election related to a claim against the Deed Company, not LTD.

Appears in 19 contracts

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

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Entitlements. (a) Deed Company Creditors that are Admitted Group Creditors shall be dealt with for all purposes in accordance with clauses 8 (Entitlements), 9 (Distributions of entitlements), 10 (Assignments or transfers) 11 (Litigation Undertaking) and 12 (Post-Restructuring Litigation Recoveries) of the LTD DOCA and any related provisions of that DOCA notwithstanding that those claims are against the Deed Company, not LTD (including, for the avoidance of doubt and without limitation, clauses 9.7 9.57 (Postponement of Holdback Claims) and 9.11 9.811 (Expiry of DOCA Creditor Entitlements) of the LTD DOCA). (b) AFF Financiers shall be dealt with for all purposes in accordance with clauses 8.4 (Calculation of AFF Reorganisation Entitlements) and 9.8 9.68 (Distribution of AFF Reorganisation Entitlements) of the LTD DOCA and any related provisions of that DOCA, even if the relevant AFF Rolled Up Election related to a claim against the Deed Company, not LTD.

Appears in 1 contract

Samples: Deed of Company Arrangement

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