CHICAGO - An appeals court in Chicago is expected to rule within the next 60 days on Indiana-based Hoosier Energy Electric Cooperative Inc.'s efforts to stall a demand for a $120 million termination payment on a lease transaction triggered by the downgrade of the transaction's insurer.

The outcome of the case could set a precedent for other nonprofit entities involved in sale-in/lease-out, or SILO, transactions, or lease-in/lease-out, known as LILO, transactions where the guarantors' ratings have been downgraded.

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