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linda1

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linda1

Re: NASCOW post# 2060

Friday, 10/21/2011 7:54:55 PM

Friday, October 21, 2011 7:54:55 PM

Post# of 3649


What has that to do with the letter I mentioned?


The Equity Interests cannot get paid until the PIERS are paid both the PRINCIPLE and CONTRACT RATE.


If the PIERS have to pay the difference in the CONTRACT RATE and FJR for SENIORS then likewise so will the EQUTY INTERESTS have to pay the difference to the PIERS between their CONTRACT RATE and FJR - which is about a $ 160 M difference.













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