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at the then-unpaid principal balance plus accrued interest at a
future date specified by the prospectus.
With respect to the 13 GMCs in issue, the put dates and the
final maturity dates were as follows:
Debt Put Final
Instrument Date Maturity Date
GMC A 1975 3/15/90 3/15/05
GMC B 1975 9/15/90 9/15/05
GMC A 1976 3/15/91 3/15/06
GMC B 1976 3/15/96 9/15/06
GMC A 1977 3/15/97 3/15/07
GMC B 1977 3/15/02 3/15/07
GMC C 1977 9/15/02 9/15/07
GMC A 1978 3/15/03 3/15/08
GMC B 1978 9/15/03 9/15/08
GMC C 1978 9/15/03 9/15/08
GMC A 1979 3/15/04 3/15/09
GMC B 1979 3/15/04 3/15/09
GMC C 1979 9/15/04 3/15/09
With the possible exception of GMC B 1975, petitioner made
minimum payments pursuant to the schedule for all GMCs on all
payment dates after March 1980 through September 1993.8 For GMC
8 Petitioner made minimum payments pursuant to the
respective schedule on GMC A 1978, GMC B 1978, GMC C 1978, GMC A
1979, GMC B 1979, and GMC C 1979 on all payment dates from the
inception of the GMC through March 1980.
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