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PBR » Topics » The Prepayment Agreement

This excerpt taken from the PBR 20-F filed Jun 30, 2005.

The Prepayment Agreement

 

Pursuant to a prepayment agreement entered into by us and PFL, we undertook to deliver, for as long as any Senior and Junior Trust Certificates remain outstanding, in each quarterly period, a quantity of Eligible Products having a market value equal to any scheduled payments of interest on and principal of the Senior and Junior Trust Certificates.

 

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