RE: RE: RE: Redemption versus Retraction?? "If that happens, it might mean MTN holders would have to share the pie with Pref A holders. The pie being some of the cash flow that YLO would have to handover to Pref A holders in order to respect a senior legal contract."
That can not happen under CCAA. CCAA is unambiguous in stating that no equity contract is enforceable and no equity payments can be made if the creditors are not made whole. There is no way around it. It is the law and it is clearly stated.