Convertible Subordinated Notes. What restrictions apply to Convertible Subordinated Notes?
In order to be eligible for a distribution from the AVF, you will be required to provide documentation satisfactory to the Ruling Official that you will be entitled to retain any distribution you receive and will not be obligated to pay over any such distribution to holders of Senior Notes. Such documentation would include releases from the trustees of each series of Senior Notes or a final and unappealable declaratory judgment from a court of competent jurisdiction declaring that holders of Convertible Subordinated Notes are entitled to retain any distribution they might receive from AVF and will not be obligated to pay it over to holders of Senior Notes.
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