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Post# of 797266
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Wise Man

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Wise Man

Re: Donotunderstand post# 682232

Thursday, 06/10/2021 10:16:30 AM

Thursday, June 10, 2021 10:16:30 AM

Post# of 797266
The NWS is legal because HERA authorizes unlimited yield SPS. Other theme is that the Capital distributions are restricted unless it's applied toward repaying the obligations SPS.
And other theme is that, prior HERA, there was another provision with low cost UST backstop that is the one that will prevail at the end.
Fell free to read the law.

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