"- On May 4, 2009, the holders of the Company's $100 million notes due December, 2011, agreed to have its derivative action dismissed with prejudice. The Noteholders' Application to the court also included an oppression claim, which has been held in abeyance until the end of July, 2009, at which time the Noteholders and the Company will appear before the court to set a schedule for the continuation of the Application."

i'm no lawyer but it sounds to me like:

kry said- "we'll have the permit (or will file for arbitration) by end of july "

noteholders said- "you have til end of july"