Wednesday, February 19, 2014 8:22:32 PM
However, the term we have used in this case for 5 years, as well as the term used commonly in other BK proceedings is DIP which means "Debtor In Possession" hence the introduction of the term and instrument.
Nonetheless, the term debt holders can mean a population holding an aggregate of debt instruments where Lehman is to be the payer and they are the payee.
Yes, there it is again - semantics.
mojo
“The ideas of debtor and creditor as to what constitutes a good time never coincide," P.G. Wodehouse, Love Among the Chickens
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