Examples of LTD DOCA 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.
In exchange for the assignment in Clause 9(a) above, Deed Company Creditors shall be entitled to receive Post-Restructuring Litigation Recoveries pursuant to clauses 11 (Litigation Undertaking) and 12 (Post-Restructuring Litigation Recoveries) of the LTD DOCA (including the Litigation Undertaking).
Group Creditors are only entitled to receive the DOCA Creditor Entitlements that are declared by the LTD Deed Administrators and provided for in this Deed, the LTD DOCA, the other Group DOCAs, and the Restructuring Documents, and the right of recourse in respect of each Group Creditor Claim is solely limited to such DOCA Creditor Entitlements.
Where a Restructuring Document has been provided to Deed Company Creditors on the NMC Stakeholder Website on the date of the Revised Administrators’ Proposal, it shall be executed by the Deed Company (as well as each other relevant party) substantially in the form provided on the NMC Stakeholder Website (subject to clause 1.2(q) of the LTD DOCA) on such date.
The LTD Administrators may, in their absolute discretion, pursue the Assigned Claims in connection with Clause 11 (Litigation Undertaking) of the LTD DOCA .
AFF Financiers shall be dealt with for all purposes in accordance with clauses 8.4 (Calculation of AFF Reorganisation Entitlements) and 9.8 (Distribution of AFF Reorganisation Entitlements) of the LTD DOCA and any related provisions of that DOCA, even if the relevant AFF Rolled Up Election related to a claim against the Deed Company, not LTD.
All Group Company Creditors must complete the relevant Schedules to this Admitted Group Creditor Letter in order to receive and make certain elections in respect of DOCA Creditor Entitlements (subject to the Claims Determination Process established pursuant to the LTD DOCA).
The releases contained in this deed of release shall replicate the releases set out in the applicable LTD DOCA and each Related DOCA and will take effect following the occurrence of the Restructuring Effective Date.
Prior to completing this Admitted Group Creditor Letter, Group Company Creditors are encouraged to read the Revised Administrators’ Proposals, the LTD DOCA, and (if relevant) the Related DOCAs.
At the time specified in the Restructuring Implementation Deed, each Demand Creditor irrevocably and unconditionally assigns all of its rights, title and interests in their Deed Company Claim(s) to Holdco in exchange for the rights and interests granted to it pursuant to clauses 8 (Entitlements) and 9 (Distribution of entitlements) of the LTD DOCA.