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Re: uzualsuzpect post# 267699

Wednesday, 01/05/2011 4:49:42 PM

Wednesday, January 05, 2011 4:49:42 PM

Post# of 698976
Observer on Y's take on CCB/Tricadia (Bop also agrees on this view)........people seem to be all over the map on this one - not sure what to make of it.

The trading of CCB's are still restricted and the vacating order is only effective as per "the date of entry of a confirmation order" per this order.

"ORDERED that any and all procedures, notices and restrictions on acquisitions,
dispositions or other transfers of CCB Guarantee Claims, as set forth in the CCB Guarantee
Claims Trading Order, are lifted as of the date of entry of a Confirmation Order and shall have
no legal force or effect whatsoever as of the date of entry of the Confirmation Order;"

So, basically, if Tricadia and the CCBs don't get the promised fruits from the debtor's revised POR allocation to them {OK, here's the shut up money now GTFO} because the POR is not confirmed, the restrictions stay in place.

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