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Re: cottonisking post# 51019

Sunday, 11/02/2014 7:34:50 AM

Sunday, November 02, 2014 7:34:50 AM

Post# of 116226
Righto, no class change, the prescident is principal and interest due immediately, no dripping it to us a little at a time.


Thereafter, on March 30, 2014, FMB went into default on the Debentures for failure to pay interest when due and also defaulted on its obligations under the TruPS. On April 7, 2014, Trapeza CDO XII, LTD (Trapeza) provided FMB and the Trustee with written notice that — in accordance with the terms of the applicable indenture — it was accelerating all amounts due under the Debentures and that all principal and interest thereunder was due immediately.

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