Yes - these are NON recourse bonds in that the holder has no ability to pursue WMIH if the runoffs are not sufficient for interest payment and principal redemption (very key to WMIH but I hope moot at this point?)
My use of WMIH owed the LT is sort of the same as
The Plan called for WMIH to fund the LT.
Was that "instruction in the Plan" to fund the LT a dollar amount or ??? (how expressed as I assume not limitless?)
And I ask - as if there is no limit on funding the LT - would WMIH then pay escrow claims? (I know not the case but not sure of the way it is all laid out)
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