Mr Cooper Group Inc (COOP)

[WithCatz]

It's clearer to me, as viv points out. This is a protective measure to ensure that _IF_ there is a win, somehow remote, by the WMB Bondholders, and only _THEN_ if they prove their points to THJMW...

_THEN_ "here" is where in the POR pecking order they would lie.

It's wise, by any debtor, to play chess here and think several moves ahead. I'm sure that the other GSA members wanted this also, so it solidifies, with THJMW's signature - if that occurs -- where the WMB Bondholders WOULD fall, _IF_ and _THEN_ it was required.

Think of this like a unlikely chess document.

However, I'm sure Rosen will state "insert here" the amount of the WMB Bondholder's claims, just like Marta is kept in at the moment. For our purposes, where they go, as long as they are before Equity, is the same math.

The filing does not bother me as to it's content. And it really doesn't change the attitude or presentation of the Debtors, where they attempt A<L.


...Catz