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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01358962: Holder (DS10)

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This document contains legal analysis regarding the rights of a second-lien holder in a secured lending arrangement. The excerpt is marked 'For internal use only' and appears to be from a legal memorandum.

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And, as a practical matter, it seems to us illogical to believe that a second-lien **holder** does not possess an For internal use only For internal use only

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