Examples of Group Creditors 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 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.
That higher potential recovery range is presented in Section IV.A.3.c below.Creditors of Arahova Debtor Group Creditors of FrontierVision Holdco Debtor Group Holders of Olympus Parent Notes Holders of ACC Senior Notes Holders of Holding Company Trade and Other Unsecured Claims The potential recovery ranges set forth in this Section IV.A.3 do not ascribe any value to the Contingent Value Vehicle Interests.
Such holders of the Existing Debts who have formed an ad hoc group of offshore creditors (the “Ad Hoc Group Creditors”) collectively hold or control more than 30% in aggregate principal amount of the Existing Debts.Over the past few months, the Ad Hoc Group Creditors and their advisers have worked closely with the Company and its advisers to conduct in-depth due diligence on the Group’s financial and operational conditions.
Distributed to the Group Creditors of LTD in accordance with the statutory priority set out in the Regulations.Allocated to the Related DOCA Company which was originally entitled to the Assigned Related DOCA Claims from which the Assigned Litigation Recoveries arose.Allocated by LTD’s Deed Administrators in proportion to the loss suffered by the relevant Group DOCA Companies from which litigation claims arose.
For Distribution purposes, the Group Creditors will not receive Distributions hereunder until all Non-Group Creditors receive their Class 2B Dividend.
At any general meeting of shareholders, every holder of Shares present in person and every person holding a valid proxy shall have one vote on a show of hands.
These amendments were approved by the requisite majorities of the applicable Group Creditors on 27 October 2021 and executed on 27 October 2021.
The Administrators’ current views as to the validity will be reflected; Statutory interest – Statutory interest on claims after repayment of the above; and Shareholders – Estimated surplus recoveries (if any) that would be distributable to shareholders.Entitiesassessed to deriveAllocated EPM ValueThe EPM will calculate the Allocated EPM Value and Claim Recoveries for Group Creditors with respect to Group DOCA Companies only(including subsidiary undertakings where relevant).
The DOCAs were approved by the requisite majorities of Group Creditors on [⚫] 2021 and the applicable DOCAs were executed by each of the parties thereto on [●] 2021.