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Technology Stocks : GX Investors Thread

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To: KJ. Moy who wrote (332)9/28/2001 1:42:00 PM
From: A.L. Reagan  Read Replies (1) of 586
 
EXDS can't arbitrary pick and choose which lease to keep or get rid of without approval of their deptors.

This is not a true statement. The approving party is the federal bankruptcy court, not the creditors (I presume that is what you mean by "deptors" since the debtor here is EXDS.) As a practical matter, the secured debt holders are generally only too happy to have the DIP reject crummy leases.
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