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TUCKER, Ga., May 5, 2021 /PRNewswire/ Oglethorpe Power Corporation (an Electric Membership Corporation) today announced that it will extend the deadline with respect to its exchange offer regarding its 3.75 percent First Mortgage Bonds, Series 2020A due 2050 (the Original Bonds ) [(CUSIP No: 677050 AP1 (144A) and 67685 AE4 (Reg. S)]. The exchange offer deadline, which was 5:00 p.m., New York City time, on May 4, 2021 will be extended to 5:00 p.m., New York City time, on May 5, 2021.
All other material terms of the exchange offer remain unchanged. Holders who have already properly tendered their Original Bonds do not need to retender.
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A New York federal court ruled that a pooling and servicing agreement (PSA) and mortgage loan purchase agreement (MLPA) that select New York as their governing law may not require application of New York’s statute of limitations to breach-of-contract claims related to the agreements.
In
U.S. Bank National Association v. Bank of America, N.A., the plaintiff brought suit alleging breach-of-contract claims against the defendant related to representations and warranties that the defendant had made in connection with the sale of commercial mortgage loans. The suit was filed seven years after the alleged breach. The case was transferred from Indiana federal court to New York, and the defendant moved for judgment on the pleadings, arguing that the plaintiff’s claims were time-barred under New York law. The defendant relied on the “Governing Law” provision in the PSA, which provided that the PSA would be construed “in
Struggling with declining business, Mauiâs largest mall faces foreclosure
The bank says Queen Kaahumanu Center owes them more than $118M
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KAHULUI, Hawaii (HawaiiNewsNow) - Shopping centers are struggling around the world and itâs especially evident on Maui where the islandâs largest mall is facing foreclosure.
Queen Kaahumanu Center hasnât been seeing much foot traffic lately and many shops are vacant.
The Kahului mall was once bustling with families. Nowadays itâs quiet.
âYou will see that some shopping centers here will not survive,â said Hawaii real estate analyst Stephany Sofos.
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SANTA CLARA, Calif., May 3, 2021 /PRNewswire/ Inphi Corporation ( Inphi ), a wholly-owned subsidiary of Marvell Technology Inc. (NASDAQ: MRVL) ( MTI ), today announced that it has commenced tender offers to repurchase any and all of its outstanding 0.75% Convertible Senior Notes due 2021 (the 2021 Notes ) and 0.75% Convertible Senior Notes due 2025 (the 2025 Notes and, together with the 2021 Notes, the Notes ) in compliance with the terms of (i) the Indenture, dated as of September 12, 2016 (as amended and supplemented, the 2021 Notes Indenture ), among Inphi, MTI and Wells Fargo Bank, National Association, as trustee, governing the 2021 Notes, and (ii) the Indenture, dated as of April 24, 2020 (as amended and supplemented, the 2025 Notes Indenture and, together with the 2021 Notes Indenture, the Indentures ), among Inphi, MTI and U.S. Bank National Association, as trustee, governing the 2025 Notes. The tender offers are required t