Examples of Claims Determination Process in a sentence
Deed Company Claims shall be dealt with for all purposes in accordance with Clause 6 (Claims Determination Process) of the LTD DOCA and any related provisions of that DOCA notwithstanding that those claims are against the Deed Company, not LTD.
For the avoidance of doubt, any assessment, decision or action undertaken by the Deed Administrators in connection with the Claims Determination Process will not constitute an assessment, decision or action of the Administrators, the Related Administrators or the Related Deed Administrators.
As at the Bar Date, purported trade creditor claims amounted to approximately $360.5 million, split across approximately 2,300 claims (however, these claims are subject to the Claims Determination Process).
The estimated timing for when Unsecured Creditors are likely to receive a return depends on which of the strategies is implemented and is subject to any delay to distributions to individual creditors based on the Claims Determination Process or the existence of any Offensive Claims.
Process The DOCAs will provide for a claims determination process, as described in Schedule 3 (the "Claims Determination Process").
Under the DOCAs and the Claims Determination Process, the rules of insolvency set off shall apply to the determination of Final Claims as at the Administration Date.
This is because the investigations into disputed claims by the Joint Administrators and the related Claims Determination Process are ongoing and will not be sufficiently advanced at the time of the Meetings to make final determinations on creditors’ claims.
Subject to the Claims Determination Process, each DOCA Creditor will then receive an allocation of commitme nts under the Holdco Facilities (referred to as Exit Instruments) in satisfaction of its EPM Entitlement (as set out at section 9).
The receipt of returns to Unsecured Creditors, as set out in these Revised Administrators’ Proposals, will be subject to the Claims Determination Process (as defined below) (see Section 6.8) and each Unsecured Creditor’s compliance with the Initial Distribution Requirements or Subsequent Distribution Requirements (as relevant) described in section 6.13.2.
Any DOCA Claim that has been admitted to proof for distribut ion purposes by the Administrators (including, for the avoidance of doubt, under the Claims Determination Process) is a "Final Claim".