If they prevail and have enough cash to repay the loan principal borrowers can get a refund of their interest and fees.

FORBES: Court Decision Gives Lenders A Headache, Borrowers An Ace In The Hole

If Clearwire is unable to repay the PIK Debenture during this 30 day period, it would be entitled to convert the principal amount and accrued interest on the PIK Debenture into a note on terms comparable to the 2015 Senior Secured Notes previously repaid, having a maturity of December 1, 2015.

ENGADGET: Dish Network makes an offer to buy Clearwire, even though Sprint was already buying Clearwire