Language Matters: Third Circuit Finds Make-Whole Provision Enforceab...
01/20/17
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Language Matters: Third Circuit Finds Make-Whole Provision Enforceable After Bankruptcy Filing
JD Supra (press release)
LLC and EFIH Finance Inc. (collectively, "EFIH") were unable to avoid paying lenders approximately $800 million in expected interest by voluntarily filing for bankruptcy. More specifically, the Court held that the indentures' acceleration provision ...
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JD Supra (press release)
LLC and EFIH Finance Inc. (collectively, "EFIH") were unable to avoid paying lenders approximately $800 million in expected interest by voluntarily filing for bankruptcy. More specifically, the Court held that the indentures' acceleration provision ...