DENNIS JACOBS, Chief Judge:
This interpleader action was initiated by The Bank of New York Trust Company, N.A. ("BNY"), as Trustee of an investment portfolio of collateralized loan obligations, to resolve a contract dispute between certain shareholders and the manager of that portfolio, Franklin Advisers, Inc. ("Franklin"). In dispute are the terms of the underlying indenture and, specifically, terms governing distribution of a Contingent Collateral Management Fee...
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