Replies to post #6890 on Trenwick Group, Ltd.(fka TWKGQ)

[lifegear]

Big Christmas? how big?

[lifegear]

Possible payment after Flinstone's closing of their 2006 year of account

using the 36th month closing of a year of account -- that's after Dec 2008 imho


From MBO...
" In
addition, any amount payable to Trenwick and TAC pursuant to the LSUK Notes will
occur only after the Letters of Credit issued by the Banks to support
underwriting activities of the Oaks through year of account 2003, and Flinstone
through year of account 2006, have expired and the Banks' claims under the LoC
Facility have been satisfied in full. "