Common use of Assignments or Transfers Clause in Contracts

Assignments or Transfers. (a) Subject to (b) below, for the purposes of calculating DOCA Creditor Entitlements, all Group Creditor Claims shall be determined as at the Record Date. 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. (b) The Deed Administrators will, as soon as reasonably practicable following the Initial Distribution Time, recognise the assignment or transfers of rights, benefits or interests in: (i) Group Creditor Claims, insofar as those assignment or transfers are notified to the Deed Administrators; and (ii) Holdco Facilities Commitments, insofar as such assignment or transfers are undertaken in accordance with clause 19 (Changes to the Financiers) of the Holdco Common Terms Agreement; (c) Any assignee or transferee of interests in the Group Creditor Claims recognised by the Deed Administrators pursuant this Clause 10 (Assignments or transfers) shall be bound by the terms of this Deed as a Group Creditor or an AFF Financier (as the case may be) and shall produce such evidence as the Deed Administrators may reasonably require to confirm that it has agreed to be bound by the terms of this Deed.