Common use of Postponement of Holdback Claims Clause in Contracts

Postponement of Holdback Claims. (a) The Deed Administrators will have the discretion (acting reasonably and in good faith) to delay the distribution of DOCA Creditor Entitlements to a Group Creditor provided that such DOCA Creditor Entitlements are held by the Holding Period Trustee for and on behalf of the relevant Group Creditor until such time that all of that Group Creditor’s Holdback Claims have been finally determined as Admitted Group Claims and, if relevant, adjusted in accordance with clause 9.7(e) below. (b) A Holdback Claim will become an Admitted Group Claim when the last of the following conditions applicable to it has been satisfied: (i) if it is an Adjudication Claim, the claim is finally determined in the Group Creditor’s favour by an adjudicator pursuant to Clause 6.7 (Adjudication) and only for the amount of the unsecured Group Creditor Claim that is determined by the adjudicator; (ii) if it is a Group Creditor Claim subject to proceedings pursuant to Clause