Vous êtes sur la page 1sur 5

Case 1:17-cv-07857-JMF Document 83 Filed 12/07/17 Page 1 of 5

/H[LQJWRQ$YHQXH
1HZ<RUN1<
$DURQ+0DUNV
7R&DOO:ULWHU'LUHFWO\   )DFVLPLOH
   
DDURQPDUNV#NLUNODQGFRP ZZZNLUNODQGFRP

'HFHPEHU

9,$(&) 

7KH+RQRUDEOH-HVVH0)XUPDQ
8QLWHG6WDWHV'LVWULFW&RXUW
6RXWKHUQ'LVWULFWRI1HZ<RUN
&HQWUH6WUHHW5RRP
1HZ<RUN1HZ<RUN



5H U.S. Bank National Association v. Windstream Services, LLC


&9 6'1< 

'HDU-XGJH)XUPDQ

:HUHSUHVHQW:LQGVWUHDP6HUYLFHV//& 6HUYLFHV DQGZULWHSXUVXDQWWRWKH&RXUWV


1RYHPEHU2UGHUDVPRGLILHGE\<RXU+RQRU\HVWHUGD\UHTXHVWLQJWKHSDUWLHVYLHZVRQ
KRZWKHOLWLJDWLRQVKRXOGSURFHHG

$XUHOLXVVJDPHVPDQVKLSLQWKLVPDWWHUFRQWLQXHVXQDEDWHG<HVWHUGD\PRUQLQJOHVV
WKDQPLQXWHVEHIRUHWKHSDUWLHVZHUHGXHWRILOHOHWWHUVZLWKWKH&RXUWSXUVXDQWWRWKH1RYHPEHU
 2UGHU  $XUHOLXV UHVFLQGHG LWV 1RYHPEHU  QRWLFH RI GHIDXOW WKH 6HFRQG 1RWLFH 
$XUHOLXVVUHVFLVVLRQFRPSOHWHO\FKDQJHVKRZWKLVFDVHVKRXOGSURFHHGDQGWKHSDUWLHVKDGQR
FKRLFH\HVWHUGD\EXWWRXUJHQWO\FDOOFKDPEHUVWRVHHNDQDGMRXUQPHQWRIWKHILOLQJGHDGOLQHIRU
WKLVOHWWHUDQGRIWRGD\VVFKHGXOHGKHDULQJ7KHQWKLVPRUQLQJ$XUHOLXVVHUYHG:LQGVWUHDP
ZLWKDQRWLFHRIDFFHOHUDWLRQSXUSRUWLQJWRGHFODUHWKH1RWHVLPPHGLDWHO\GXHDQGSD\DEOH
1RWZLWKVWDQGLQJ WKDW WKH DOOHJHG GHIDXOWV QRWLFHG E\ $XUHOLXV DUH ZLWKRXW PHULW KDYH EHHQ
H[SOLFLWO\ ZDLYHG E\ D PDMRULW\ RI KROGHUV RI WKH   1RWHV DQG DUH WKH VXEMHFW RI DFWLYH
OLWLJDWLRQEHIRUH<RXU+RQRU$XUHOLXVQHYHUWKHOHVVVRXJKWWREDVHOHVVO\URLO:LQGVWUHDPZLWKD


 $FRS\RI$XUHOLXVVUHVFLVVLRQQRWLFHLVDWWDFKHGKHUHWRDV([KLELW$

 $XUHOLXVVFKDQJHVLQGLUHFWLRQDOVRFRPHDIWHUWKHSDUWLHVKDYHVSHQWVXEVWDQWLDOWLPHPHHWLQJDQGFRQIHUULQJDQG
SUHSDULQJSRVLWLRQDOOHWWHUVUHTXHVWHGE\WKH&RXUW$XUHOLXVVHQWLWVUHVFLVVLRQQRWLFHRQ'HFHPEHUWKHGD\
DIWHUWKHSDUWLHVKDGPHWDQGFRQIHUUHGRQKRZWRSURFHHGLQWKLVFDVH7KH6HFRQG1RWLFHZDVVHQWRQWKHHYHQLQJ
RI1RYHPEHUDIWHUWKHSDUWLHVKDGFRPSOHWHGPHHWLQJDQGFRQIHUULQJDQGRQO\VHYHUDOEXVLQHVVKRXUVEHIRUH
WKHSDUWLHVZHUHGXHWRILOHDOHWWHUZLWKWKH&RXUWRQ1RYHPEHU

%HLMLQJ %RVWRQ &KLFDJR +RQJ.RQJ +RXVWRQ /RQGRQ /RV$QJHOHV 0XQLFK 3DOR$OWR 6DQ)UDQFLVFR 6KDQJKDL :DVKLQJWRQ'&

Case 1:17-cv-07857-JMF Document 83 Filed 12/07/17 Page 2 of 5

+RQ-HVVH0)XUPDQ
'HFHPEHU 
3DJH


SXEOLF GHFODUDWLRQ RI DQ (YHQW RI 'HIDXOW DQG DFFHOHUDWLRQ  IRUFLQJ WKH &RPSDQ\ WR SXEOLFO\
UHVSRQGDQGSRLQWRXWWRWKHPDUNHWWKDW$XUHOLXVVQRWLFHLVLQYDOLGDQGRIQRIRUFHRUHIIHFW

$XUHOLXVV PDQHXYHUV DUH XQGRXEWHGO\ GULYHQ E\ LWV TXHVW WR ZLQ LWV XQGLVFORVHG DQG
H[WUDFXUULFXODU&'6EHWRQ:LQGVWUHDPVFUHGLWZRUWKLQHVV)RUPRQWKV6HUYLFHVDQGWKLV&RXUW
KDYHKDGWREHUHVSRQVLYHWR$XUHOLXVVHYHUHYROYLQJVWUDWHJLHVDQGFODLPVDOODLPHGDWWULJJHULQJ
LWV&'67KLVQHHGQRWEHFRXQWHQDQFHGDQ\ORQJHU7KLVFDVHQRZFDQDQGDEVROXWHO\VKRXOG
EHOLWLJDWHGLQWKHRUGLQDU\FRXUVH$XUHOLXVVUHVFLVVLRQRILWV6HFRQG1RWLFHREYLDWHVWKHQHHG
IRUH[SHGLWHGSURFHHGLQJVDVWKHUHLVQRORQJHUDWLPHFORFNUXQQLQJRQ6HUYLFHVZLWKUHVSHFWWRD
GD\QRWLFHRIGHIDXOW)XUWKHUDV$XUHOLXVLVZHOODZDUHDQGDVZDVGLVFXVVHGZLWKWKH&RXUW
GXULQJ WKH 1RYHPEHU  FRQIHUHQFH $XUHOLXVV FRXQWHUFODLPV DUH SUHPDWXUH DV WKH\ SODLQO\
YLRODWHWKHQRDFWLRQFODXVHFRQWDLQHGLQ6HFWLRQ D RIWKH,QGHQWXUHDQGWKHFRXQWHUFODLPV
ZLOOEHVXEMHFWWR6HUYLFHV'HFHPEHUPRWLRQWRGLVPLVVRQWKHVHJURXQGV

,QOLJKWRIWKHVHGHYHORSPHQWVDQGDVGLVFXVVHGEHORZ6HUYLFHVUHVSHFWIXOO\UHTXHVWVWKDW
WKH&RXUW L RUGHUDEULHILQJVFKHGXOHIRU6HUYLFHVPRWLRQWRGLVPLVV$XUHOLXVVFRXQWHUFODLPV
LL VWD\GLVFRYHU\XQWLOWKLVWKUHVKROGPRWLRQWRGLVPLVVLVGHWHUPLQHGDQG LLL UHLQVWDWHDEULHILQJ
VFKHGXOHIRU6HUYLFHVPRWLRQWRGLVPLVV86%DQNVFODLPV

,QLWVUHVFLVVLRQQRWLFH$XUHOLXVVWDWHVWKDWLWVZLWKGUDZDORIWKH6HFRQG1RWLFHLVZLWKRXW
SUHMXGLFHWRUHLVVXDQFHDWDQ\WLPH.QRZLQJIXOOZHOOWKDWLVVXLQJWKH6HFRQG1RWLFHZLOOFDXVH
6HUYLFHVWRLPPHGLDWHO\VHHNDQH[SHGLWHGDGMXGLFDWLRQRIWKHDOOHJHGGHIDXOWV WRPHHWWKHGD\
FXUHSHULRG WKLVFUHDWHVDG\QDPLFWKDWZRXOGDOORZ$XUHOLXVWRDEXVHSURFHVVLQWKLVFDVH,I
$XUHOLXVJURZVGLVVDWLVILHGZLWKWKHVWDWHRIOLWLJDWLRQRULIGLVFRYHU\LVVWD\HGSHQGLQJPRWLRQ
SUDFWLFH$XUHOLXVZLOOKDYHWKHRSWLRQRIUHLVVXLQJWKH6HFRQG1RWLFHWR6HUYLFHV6XFKDWDFWLF
VKRXOGQRWEHWROHUDWHG



 2Q'HFHPEHU6HUYLFHVXUJHG$XUHOLXVWRUHIUDLQIURPVHUYLQJDEDVHOHVVQRWLFHRIDFFHOHUDWLRQSee([KLELW%
DWWDFKHG KHUHWR  1RWZLWKVWDQGLQJ $XUHOLXV ZHQW IRUZDUG WKLV PRUQLQJ DQG SXEOLFO\ UHOHDVHG VXFK D QRWLFH
5HRUJ 5HVHDUFK DUWLFOH ([KLELW & DWWDFKHG KHUHWR  6HUYLFHV ZDV WKHQ FRPSHOOHG WR UHVSRQG ZLWK D OHWWHU WR
$XUHOLXVZKLFKLWKDGWRILOHDVDQ.([KLELW'DWWDFKHGKHUHWR

 $XUHOLXVZDVFULWLFL]HGHDUOLHUWKLVZHHNE\86%DQNUXSWF\-XGJH6HDQ/DQHIRUHPSOR\LQJVKDUSWDFWLFV,Q
In re Oi Brasil Holdings Cooperatief U.A.&DVH 1R 6+/  -XGJH/DQH UXOHGSRVWWULDO DJDLQVWDQ
LQVROYHQF\ WUXVWHH VXSSRUWHG E\ $XUHOLXV  ,Q KLV OHQJWK\ GHFLVLRQ -XGJH /DQH FRPPHQWHG H[WHQVLYHO\ RQ
$XUHOLXVVEHKDYLRUERWKLQWKHFRQWH[WRIWKHFDVHDQGLQLWVFRQGXFWEHIRUHWKHFRXUWZULWLQJDPRQJRWKHUWKLQJV
WKDWWKHVWUDWHJ\SXUVXHGE\$XUHOLXVLQWKHVHFDVHVLVDWURXEOLQJRQHWKDWWKH&RXUWUHIXVHVWRFRXQWHQDQFH S
 WKDW$XUHOLXVVDFWLRQVDOVRUHIOHFWDODFNRIFDQGRUEHIRUHWKH&RXUW S DQGWKDW>W@KHDFWLRQVRI
$XUHOLXVDUHDWRGGVZLWKPDQ\RIWKHJRDOVRI&KDSWHU S 


Case 1:17-cv-07857-JMF Document 83 Filed 12/07/17 Page 3 of 5

+RQ-HVVH0)XUPDQ
'HFHPEHU 
3DJH


, 6HUYLFHV0RWLRQ7R'LVPLVV6KRXOG%H%ULHIHGDQG'LVFRYHU\6KRXOG%H6WD\HG

1RZWKDW$XUHOLXVKDVZLWKGUDZQLWV6HFRQG1RWLFHWKHSDUWLHVQRORQJHUQHHGWROLWLJDWH
WKLVDFWLRQRQDQH[SHGLWHGVFKHGXOH7KHUHLVQRHQGRIDFXUHSHULRGORRPLQJ7KHUHLVQRQHHG
IRU6HUYLFHVWRVHHNOHDYHWRILOHDPHQGHGFRXQWHUFODLPVWRDGGUHVVWKHDOOHJHGGHIDXOWVUHIHUHQFHG
LQWKH6HFRQG1RWLFH

,W UHPDLQV WKDW $XUHOLXVV FRXQWHUFODLPV DUH SUHPDWXUH XQGHU 6HFWLRQ  D  RI WKH
,QGHQWXUH,QVKRUWDVWRWKHFODLPVDVVHUWHGLQ$XUHOLXVVFRXQWHUFODLPVWKHUHKDVEHHQQRQRWLFH
E\ $XUHOLXV WR WKH 7UXVWHH RI D FRQWLQXLQJ (YHQW RI 'HIDXOW QRU D ZULWWHQ UHTXHVW WR SXUVXH D
UHPHG\ VRXJKW E\ $XUHOLXV 6HFWLRQV  D   DQG   DQG FHUWDLQO\ QR GD\ SHULRG KDV
SDVVHGVLQFHVXFKDZULWWHQUHTXHVWWRWKH7UXVWHHZDVPDGH 6HFWLRQ D  $FFRUGLQJO\
$XUHOLXVV FRXQWHUFODLPV DUH VXEMHFW WR GLVPLVVDO  See RJ Capital, S.A. v. Lexington Capital
Funding III, Ltd.1R&,9 3** :/DW  6'1<-XO\  ,W
LVZHOOHVWDEOLVKHGWKDWQRDFWLRQFODXVHVEDUFODLPVE\LQGLYLGXDOERQGKROGHUVZKRIDLOWRFRPSO\
ZLWKWKHFRQGLWLRQVSUHFHGHQWUHFLWHGWKHUHLQ 

6HUYLFHVZLOOILOHLWVPRWLRQWRGLVPLVVRQ'HFHPEHU,QOLJKWRIWKHKROLGD\V6HUYLFHV
VXJJHVWVDEULHILQJVFKHGXOHZKHUHE\$XUHOLXVUHVSRQGVE\-DQXDU\DQG6HUYLFHVUHSO\LVGXH
-DQXDU\

 6LQFH6HUYLFHVPRWLRQZRXOGGLVPLVV$XUHOLXVVFRXQWHUFODLPVLQWKHLUHQWLUHW\LWZRXOG
DOVREHDSSURSULDWHIRUGLVFRYHU\WREHVWD\HGGXULQJWKHPRWLRQVSHQGHQF\8QGHU)HGHUDO5XOH
RI&LYLO3URFHGXUH F WKH&RXUWKDVGLVFUHWLRQWRVWD\GLVFRYHU\IRUJRRGFDXVHSeeBoelter
v. Hearst Commcns, Inc.1R&,9 $7 :/DW  6'1<-DQ
 +HUHWKHUHLVPRUHWKDQJRRGFDXVHIRUDVWD\JLYHQWKDW L WKHPRWLRQWRGLVPLVVJRHVWR
D WKUHVKROG LVVXH DQG ZRXOG GLVPLVV WKH FDVH LQ LWV HQWLUHW\ LL  WKH PRWLRQ WR GLVPLVV LV
GHPRQVWUDEO\VWURQJEDVHGRQWKHFOHDUODQJXDJHRI6HFWLRQRIWKH,QGHQWXUH LLL $XUHOLXV
DGPLWWHGO\VHHNVEURDGDQGOHQJWK\GLVFRYHU\LQWKLVFDVHDQG LY WKHUHZRXOGEHQRSUHMXGLFH
ZKDWVRHYHUWR$XUHOLXVUHVXOWLQJIURPDVWD\$VWD\KHUHZRXOGEHMXVWLILHGIRUVHYHUDOUHDVRQV
DQGZRXOGFHUWDLQO\SURPRWHHIILFLHQF\IRUWKHSDUWLHVDQGWKH&RXUW

   




 7RWKHH[WHQWWKH&RXUWGHWHUPLQHVQRWWRVWD\GLVFRYHU\GXULQJWKHSHQGHQF\RI6HUYLFHVPRWLRQWRGLVPLVVWKH
SDUWLHV VKRXOG SURFHHG FRQVLVWHQW ZLWK <RXU +RQRUV VWDQGDUG FDVH PDQDJHPHQW SODQ  7KH FRQIHUHQFH RQ
'HFHPEHUZRXOGEHWKHLQLWLDOSUHWULDOFRQIHUHQFH)DFWGLVFRYHU\ZRXOGEHFRPSOHWHGE\QRODWHUWKDQ$SULO
DQGH[SHUWGLVFRYHU\ZRXOGEHFRPSOHWHGE\0D\


Case 1:17-cv-07857-JMF Document 83 Filed 12/07/17 Page 4 of 5

+RQ-HVVH0)XUPDQ
'HFHPEHU 
3DJH


 ,I WKH &RXUW ZHUH WR VWD\ GLVFRYHU\ SHQGLQJ 6HUYLFHV PRWLRQ WR GLVPLVV LW ZRXOG EH
XQVXUSULVLQJ DW WKLV SRLQW IRU $XUHOLXV WR UHDFW E\ UHLVVXLQJ LWV 6HFRQG 1RWLFH  $JDLQ VXFK
PDQHXYHULQJVKRXOGQRWEHWROHUDWHG6HUYLFHVZRXOGDJDLQRIFRXUVHKDYHWRVHHNDQH[SHGLWHG
DGMXGLFDWLRQ,Q6HUYLFHVYLHZWKH&RXUWZRXOGEHSHUIHFWO\MXVWLILHGXQGHUVXFKFLUFXPVWDQFHV
WRGHQ\$XUHOLXVDQ\IXUWKHUGLVFRYHU\See Metro. Life Ins. Co. v. RJR Nabisco, Inc.)G
 G&LU  :HFDQHQYLVLRQVFHQDULRVLQZKLFKWKHOHQGHUZRXOGKDYHQRUHDOQHHG
IRUGLVFRYHU\ 

,, 7UHDWPHQWRI3HQGLQJ0RWLRQV

7KH SDUWLHV KDYH UHDFKHG DQ DJUHHPHQW RQ FRQVHQW DV WR 6HUYLFHV PRWLRQ IRU OHDYH WR
DPHQG LWV DQVZHU  7KH SDUWLHV KDYH DOVR DJUHHG WKDW WKH WLPH WR UHVSRQG WR WKH DPHQGHG
FRXQWHUFODLPVILOHGE\6HUYLFHVRQ1RYHPEHULVVXVSHQGHGSHQGLQJWKH&RXUWVGHWHUPLQDWLRQ
DVWRKRZWKHOLWLJDWLRQZLOOSURFHHG7KHSDUWLHVVWLOOKDYHDGLIIHUHQFHRIYLHZVKRZHYHUDVWR
DGMXGLFDWLQJ6HUYLFHVPRWLRQIRUMXGJPHQWRQWKHSOHDGLQJVDVWR86%DQNVFODLPV

:LWK WKH VXFFHVVIXO FRPSOHWLRQ RI WKH &RQVHQW 6ROLFLWDWLRQV 86 %DQNV FODLPV DUH QR
ORQJHU ULSH  $QG JLYHQ WKDW WKLV FDVH QR ORQJHU QHHGV WR EH H[SHGLWHG DQG WKDW $XUHOLXVV
FRXQWHUFODLPVZLOOEHVXEMHFWWRDGLVPLVVDOPRWLRQLWLVHYHQPRUHFOHDUWKDW86%DQNVFODLPV
PXVWEHGLVPLVVHGQRZ

7KHUHLVQREDVLVIRU86%DQNWRUHPDLQLQWKLVFDVH'XULQJWKH1RYHPEHU&RQIHUHQFH
86%DQNVFRXQVHO0U)ULHGPDQDWWHPSWHGWRH[SODLQRWKHUZLVH

:KDW,ZRXOGOLNHWRH[SODLQLVWKDWXQGHUWKHWHUPVRIWKHLQGHQWXUHZKHQ86
%DQNLVSUHVHQWHGZLWKFHUWDLQGRFXPHQWDWLRQDQGLQSDUWLFXODUDQRIILFHU
FHUWLILFDWH86%DQNKDVDFRQWUDFWXDOREOLJDWLRQXQGHUWKHLQGHQWXUHWRSURFHHG
DQGDXWKHQWLFDWHQRWHVDQGGRZKDW86%DQNGLGLQWKLVFDVH%XWWKDWLVLQQR
ZD\DQLQGLFDWLRQWKDW86%DQNDJUHHVWRWKHYDOLGLW\RIWKHLQGHQWXUHDQ\PRUH
WKDQ$XUHOLXVDJUHHVWRWKHYDOLGLW\RIWKHLQGHQWXUH

1RYHPEHU&RQIHUHQFH7UDQVFULSWDW0U)ULHGPDQVH[SODQDWLRQLVLQFRUUHFWDV86
%DQNFDQQRWFODLPWKDWZKHQLWDXWKHQWLFDWHV1RWHVLWGRHVQRWWDNHDSRVLWLRQZLWKUHVSHFWWRWKHP


 (YHQLI$XUHOLXVGRHVHYHQWXDOO\WDNHWKHVWHSVQHHGHGWRVDWLVI\6HFWLRQ D RIWKH,QGHQWXUHZLWKUHVSHFWWR
LWVFRXQWHUFODLPV86%DQNVKRXOGQRWEHSDUW\WRWKHFDVH,WUHPDLQVWKDWDOOFODLPVKHUHLQFOXGLQJWKHDOOHJHG
6DOHDQG/HDVHEDFNGHIDXOWFODLPVKRXOGEHWULHGWRJHWKHU7U\LQJDOOFODLPVWRJHWKHU86%DQNVFODLPVZLOOQRW
ULSHQEHIRUHWKHFRPSOHWLRQRIWKHWULDORIWKHDFWLRQ,WLVWKHUHIRUHDSSURSULDWHWKDW86%DQNGHSDUWIURPWKLV
ODZVXLWQRZUDWKHUWKDQFRQWLQXHDVDPRRWHGSDUW\DVVLVWLQJ$XUHOLXVWKURXJKWKHHQWLUHW\RIWKHUHPDLQGHURI
WKLVFDVH


Case 1:17-cv-07857-JMF Document 83 Filed 12/07/17 Page 5 of 5

+RQ-HVVH0)XUPDQ
'HFHPEHU 
3DJH


6HFWLRQRIWKH,QGHQWXUHSURYLGHVWKDWWKH7UXVWHHVKDOODXWKHQWLFDWH1RWHVso long as
such issuance is permitted under Article Four of this Indenture and applicable law HPSKDVLV
DGGHG 86%DQNVKRXOGQRWEHDSDUW\WRDQGDVVLVW$XUHOLXVWKURXJKRXWDWULDORQWKHYLDELOLW\
RILWVLVVXHG1RWHVDQGVHHNWRFKDUJH6HUYLFHVIRULWVFRXQVHOVIHHVWKURXJKRXWWKHFDVH7KXV
WKH&RXUWVKRXOGUHLQVWDWHDEULHILQJVFKHGXOHIRU6HUYLFHVPRWLRQIRUMXGJPHQWRQWKHSOHDGLQJV
DQGUXOHRQWKHPRWLRQRQFHEULHILQJLVFRPSOHWH

6HUYLFHV UHVSHFWIXOO\ UHTXHVWV WKDW WKH &RXUW L  RUGHU D EULHILQJ VFKHGXOH IRU 6HUYLFHV
PRWLRQ WR GLVPLVV $XUHOLXVV FRXQWHUFODLPV LL  VWD\ GLVFRYHU\ XQWLO WKLV WKUHVKROG PRWLRQ WR
GLVPLVVLVGHWHUPLQHGDQG LLL UHLQVWDWHDEULHILQJVFKHGXOHIRU6HUYLFHVPRWLRQWRGLVPLVV86
%DQNVFODLPV

5HVSHFWIXOO\VXEPLWWHG

V$DURQ+0DUNV

$DURQ+0DUNV


FF $OO&RXQVHORI5HFRUG YLD(&) 





 0U)ULHGPDQVVXJJHVWLRQWKDW86%DQNVSRVLWLRQLVQRGLIIHUHQWWKDQ$XUHOLXVVLVDOVRSODLQO\ZURQJ,WLV
FOHDUWKDW$XUHOLXVLVJRLQJWRVHHNWRDUJXHLQWKLVFDVHWKDWWKH([FKDQJH2IIHUVDQG&RQVHQW6ROLFLWDWLRQYLRODWHG
$UWLFOH)RXURIWKH,QGHQWXUHDQGDSSOLFDEOHODZ,QIDFWLQLWV1RYHPEHUFRXQWHUFODLPV$XUHOLXVVDOOHJDWLRQV
DUHVKDUSO\RSSRVHGWR86%DQNVSRVLWLRQ>7@KHSXUSRUWHG1HZ1RWHVZHUHLVVXHGLQWUDQVDFWLRQVWKDWYLRODWH
6HFWLRQ6HFWLRQDQG6HFWLRQRIWKH,QGHQWXUHWKH1HZ1RWHVZHUHwrongfully authenticatedDQG
WKHLVVXDQFHRIWKH1HZ1RWHVLVWKHUHIRUHQRWSHUPLWWHGXQGHU$UWLFOH)RXURIWKH,QGHQWXUH&RXQWHUFODLPV
 HPSKDVLVDGGHG 


 6HUYLFHVKDVPDGHLWFOHDUWR86%DQNWKDWLWZLOOQRWSD\LWVIHHVLQFXUUHGDIWHU1RYHPEHUUHODWLQJWRWKLVFDVH
EXWH[SHFWVWKDW86%DQNZLOOQHYHUWKHOHVVVHHNWRLQYRLFH6HUYLFHVIRUWKHZRUNLWLVVWLOOGRLQJDW$XUHOLXVV
GLUHFWLRQ

Vous aimerez peut-être aussi