Examples of Group Creditor in a sentence
Litigation Entitlements shall be distributed to Admitted Group Creditors in accordance with Clause 12 (Post-Restructuring Litigation Recoveries), subject to such Admitted Group Creditor first complying with the Initial Distribution Requirements or the Subsequent Distribution Requirements (as applicable).
The Deed Administrators will notify each Group Creditor by the DOCA Claims Notification Date by means of a formal notice of admission or rejection, as the case may be, of (i) their Group Creditor Claim; (ii) their Unsecured Group Creditor Claim; and (iii) (if applicable) the validity and value of any Security Interest claimed by that Group Creditor, in each case in its Proof of Debt (a “Claims Admission Notice”).
The Deed Administrators will send the Claims Admission Notice to the address provided in the Proof of Debt relating to the relevant Group Creditor Claim, via the NMC Creditor Portal or to any email address notified to the Deed Administrators.
Without prejudice to Clause 9.7 (Postponement of Holdback Claims), a Group Creditor asserting a Security Interest will therefore be a Holdback Creditor unless and until the Determined Value of its Security Interest has been determined in accordance with this Clause 6.10.
The Deed Administrators shall be under no obligation to recognise any assignment or transfer of rights, benefits or interests in the Group Creditor Claims after the Record Date for the purposes of calculating DOCA Creditor Entitlements under this Deed and have no obligations hereunder to any person other than the Group Creditors as at the Record Date.