WHEREAS on September 26, 2014, the Court issued an order (the
"Order") enlarging the time for briefing on the September 23, 2014 motion by order to
show cause ofCitibank, N.A. ("Citibank") to vacate the Court's July 28, 2014 order, or to
modify the injunction contained in that order, or for a stay of that order;
WHEREAS the Order further permitted Citibank to process the September
30, 2014 interest payment (the "September 30, 2014 Interest Payment") that it receives
on the U.S. Dollar-denominated, Argentine law bonds, ISINS ARARGE03E097 and
ARARGE03G704 (the "U.S. Dollar-denominated Bonds") and permitted Citibank's
downstream recipients (the "Downstream Recipients") to receive and process their
respective portions of such payments;
WHEREAS JPMorgan Chase Bank, N.A. ("JPMCB") understands that it
is a Downstream Recipient within the meaning of the Order, and also that it may receive
funds that constitute the September 30, 2014 Interest Payment from sources that are not
Citibank or Downstream Recipients;
IT IS HEREBY ORDERED that:
1. JPMCB is allowed to effectuate the September 30, 2014 Interest
Payment in respect of the U.S. Dollar-denominated Bonds by transferring the funds
received in respect of that payment whether or not received from Citibank or a
Downstream Recipient.
2. Any other person or entity in the payment chain of the September
30, 2014 Interest Payment on the U.S. Dollar-denominated Bonds, to and including the
holders of beneficial interests, that receives a portion of the funds constituting the
September 30, 2014 Interest Payment is permitted to transfer such funds. This
permission applies only to payments due September 30, 2014 in respect ofthe U.S.
Dollar denominated Bonds with ISINs ARARGE03E097 and ARARGE03G704.
Dated: New Yor]k New York
October , 2014
Thomas P. Griesa
United States District Judg
http://www.shearman.com/~/media/Files/Services/Argentine-Sovereign-Debt/2014/Arg183-100114-08cv6978-Doc-689.pdf
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