ExpressJet Forum - View Single Post - Failure to meet indenture conditions could lead XJT to bankrutcy

FLYXJT84 · 07-02-2008, 06:40 PM

If we fail to meet the Indenture Conditions, we will be required to repurchase the tendered Notes in cash, which could lead to a default under the Indenture or bankruptcy.
If we do not meet the Indenture Conditions, we would be required under the Indenture to purchase with cash consideration all of the Notes tendered in this Offer to Exchange. In the event that we are so obligated to purchase the Notes for cash, we may default on that obligation and the Indenture and may have to seek bankruptcy protection or commence liquidation or administration proceedings, or creditors of the Company may seek to force the Company into bankruptcy. In such cases, the Holders may not be repaid the principal amount of their Notes.

07-02-2008, 06:40 PM	#1 (permalink)
FLYXJT84 Join Date: Dec 2007 Posts: 122	Failure to meet indenture conditions could lead XJT to bankrutcy If we fail to meet the Indenture Conditions, we will be required to repurchase the tendered Notes in cash, which could lead to a default under the Indenture or bankruptcy. If we do not meet the Indenture Conditions, we would be required under the Indenture to purchase with cash consideration all of the Notes tendered in this Offer to Exchange. In the event that we are so obligated to purchase the Notes for cash, we may default on that obligation and the Indenture and may have to seek bankruptcy protection or commence liquidation or administration proceedings, or creditors of the Company may seek to force the Company into bankruptcy. In such cases, the Holders may not be repaid the principal amount of their Notes.