Extract to table

TSL notes that the prompt execution and delivery of the foregoing release documentation is of critical importance, as the new security interests in favor of the noteholders under the Notes offering must be granted on a first-priority basis over the same collateral pool currently encumbered by Meridian's existing security

Reservation of Rights Nothing in this letter shall be construed as a binding commitment or obligation on the part of TSL to prepay the Meridian Facility on the anticipated Payoff Date or at any other time

TSL expressly reserves all of its rights, remedies, claims, and defenses under the Meridian Facility, the related finance and security documents, and applicable law, none of which shall be deemed waived, modified, or otherwise affected by the submission of this letter or any negotiations or communications conducted in connection herewith