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ALL » Topics » (b) an Optional Deferral Provision modified and supplemented from the general definition of that term to:

These excerpts taken from the ALL 8-K filed May 10, 2007.

(b)           an Optional Deferral Provision modified and supplemented from the general definition of that term to:

(i)            provide that the issuer of such securities may, in its sole discretion, defer in whole or in part payment of Distributions on such securities for one or more consecutive Distribution Periods of up to five years or, if a Market Disruption Event has occurred and is continuing, ten years, without any remedy other than Permitted Remedies and the obligations (and limitations on obligations) described in the definition of “Alternative Payment Mechanism” applying; and

(b)           an Optional Deferral Provision modified and supplemented from the general definition of that term to:

(i)            provide that the issuer of such securities may, in its sole discretion, defer in whole or in part payment of Distributions on such securities for one or more consecutive Distribution Periods of up to five years or, if a Market Disruption Event has occurred and is continuing, ten years, without any remedy other than Permitted Remedies and the obligations (and limitations on obligations) described in the definition of “Alternative Payment Mechanism” applying; and

EXCERPTS ON THIS PAGE:

8-K (2 sections)
May 10, 2007

RELATED TOPICS for ALL:

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