The document discusses the interpretation of a contract term related to subordination in a financial indenture. It highlights the ambiguity in the contract language regarding the definition of Senior Indebtedness and the exclusion of Second-Lien Notes. The court finds the contract term ambiguous and suggests looking at extrinsic evidence to determine the parties' intention.
documents/vol00010-efta01358963-pdf.pdf
{"document_type":"legal","document_subtype":"court opinion","reference_numbers":["874 F.3d 787","2017 U.S. App. LEXIS 20596","Bankr. L. Rep. (CCH) P83,176","64 Bankr. Ct. Dec. 216"]}