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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: Noteholder claim dismissal...
14
Jan 04, 2010 05:02PM
12
Jan 04, 2010 06:37PM

[68] In any event, it hardly lies in the mouth of the Noteholders who negotiated for such payment to complain that the payment they negotiated amounts to a breach of the trust indenture entitling them to repayment now of all the entire indebtedness on the Notes. The Noteholders, having taken the position that they would view any sale of equipment that did not enure to their benefit as a breach of the trust indentures, can hardly now complain when the payment of interest is to their benefit. It is a classic High Trees situation.

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