karasco,
below is the quotation from the BNBG prospectus.
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Babcock & Brown may defer Interest Payments on any Interest Payment Date if any of the following deferral conditions apply
if any of the following deferral conditions apply:
-Babcock & Brown is insolvent or the Interest Payment would causeBabcock & Brown to become insolvent; or
¨C the Interest Payment would cause Babcock & Brown to breach any legal obligation; or
¨C the Directors determine that Babcock & Brown does not havesufficient cash to make the Interest Payment.
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