Second Circuit: Orchard Hill Master Fund v. SBAC Corp.

Contracts, Your guess is as good as mine


Where a contract for payment of interest on a note compels offsetting payments where the note is converted between the computation date and the payment date, the payment of final interest to the noteholder upon maturity is a contractually distinct mechanism, and the contract provision canceling the first mechanism is most appropriately read as enabling the second.

Perhaps.


Orchard Hill Master Fund v. SBAC Corp.