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TCLP » Topics » Subordinated Debt Default Notice

This excerpt taken from the TCLP 8-K filed Feb 15, 2007.
“Subordinated Debt Default Notice” shall mean a written notice from Subordinated Creditor or the Borrower to Administrative Agent pursuant to which Administrative Agent is notified of the occurrence of a Subordinated Debt Default, which notice incorporates a reasonably detailed description of such Subordinated Debt Default.

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