Initial Distribution Time definition

Initial Distribution Time means the time at which the Holdco Facilities are made available to creditors pursuant to clause 5 (Restructuring Steps) of the Restructuring Implementation Deed;

Examples of Initial Distribution Time in a sentence

• Subject to (c) below, only Admitted Group Creditors who have complied with (a) above at the Record Date will be entitled to receive EPM Entitlements at the Initial Distribution Time.

• Core Principal 7 - Availability of General Information: Rules 310(b); 1101; 1105(a); and 1204(b)All updates have been posted to https://bitnomial.com/regulation in compliance with this Core Principal.

• Only Admitted Group Creditors who have complied with the above requirement by the Record Date will be entitled to receive DOCA Creditor Entitlements at the Initial Distribution Time.

• Notwithstanding the provisions of Clauses 9.1 (Distribution Requirements for EPM Entitlements to Admitted Group Creditors as at the Initial Distributio nTime), 9.2 (Subsequent Distribution Requirements for EPM Entitlements to Admitted Group Creditors following the Initial Distribution Time) and Clause 12 (Post-Restructuring Litigation Recoveries) a Capital Markets Creditor may only receive a distribution of DOCA Creditor Entitlements under this Deed in accordance with this Clause 9.3.

• Subject to Clauses 9.3 (Distributions to Capital MarketsTrustees) and 9.4 (Distributions to Certificate Holders), Admitted Group Creditors must complete and deliver to the Deed Administrator the Initial Distribution Requirements on‌ or before the Record Date in order to be eligible to receive a distribution of EPM Entitlements as at the Initial Distribution Time.

• Subject to Clauses 9.3 (Distributions to Capital Markets Trustees) and 9.4 (Distributions to Certificate Holders), Admitted Group Creditors must complete and deliver to the Deed Administrator the Initial Distribution Requirements on‌ or before the Record Date in order to be eligible to receive a distribution of EPM Entitlements as at the Initial Distribution Time.

• Subject to Clauses 9.3 (Distributions to Capital Markets Trustees) and 9.4 (Distributions to Certificate Holders), Admitted Group Creditors must complete and deliver to the Deed Administrator the Initial Distribution Requirements on or before the Record Date in order to be eligible to receive a distribution of EPM Entitlements as at the Initial Distribution Time.