TXP Corporation (fka TXPO)

[jmack3265]

If I am reading this correctly both principal & interest have been deferred until 12/15/08 but interest will continue to accrue. Lets hope the 12/15 date has some significance as the merger is suppose to be completed before years end.

"Under the Deferral Agreement, mandatory redemption payments of principal and accrued and unpaid interest under the March 2007 notes which were scheduled to be made on October 31, 2008 and November 30, 2008 were deferred to December 15, 2008; provided that, interest shall continue to accrue on the mandatory redemption payments previously due on October 31, 2008 and November 30, 2008 until such mandatory redemption payments are paid in full".