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Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) of the Securities Exchange Act
of 1934, as amended, the undersigned agree to the joint filing on behalf of each
of them of Amendment No. 3 to Statement on Schedule 13D (including any and all
further amendments thereto) with respect to the Common Stock, par value $.01 per
share, of Party City Corporation, and further agree that this Agreement shall be
included as an Exhibit to such joint filing.
The undersigned further agree that each party hereto is
responsible for timely filing of such Statement on Schedule 13D and any
amendments thereto, and for the completeness and accuracy of the information
concerning such party contained therein; provided that no party is responsible
for the completeness or accuracy of the information concerning the other party,
unless such party knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original instrument, but all of such
counterparts together shall constitute but one agreement.
In evidence thereof the undersigned, being duly authorized,
hereby execute this agreement this 23rd day of October, 2000.
SPECIAL VALUE BOND FUND, LLC
By: SVIM/MSM, LLC, its Managing Member
By: Tennenbaum & Co., LLC,
its Managing Member
By: /s/ Michael E. Tennenbaum
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Michael E. Tennenbaum,
its Managing Member
SPECIAL VALUE BOND FUND II, LLC
By: SVIM/MSMII, LLC, its Managing Member
By: Tennenbaum & Co., LLC
its Managing Member
By: /s/ Michael E. Tennenbaum
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Michael E. Tennenbaum,
its Managing Member
SVIM/MSM, LLC
By: Tennenbaum & Co., LLC,
its Managing Member
By: /s/ Michael E. Tennenbaum
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Michael E. Tennenbaum,
its Managing Member
SVIM/MSMII, LLC
By: Tennenbaum & Co., LLC,
its Managing Member
By: /s/ Michael E. Tennenbaum
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Michael E. Tennenbaum,
its Managing Member
SPECIAL VALUE INVESTMENT MANAGEMENT, LLC
By: Tennenbaum & Co., LLC,
its Managing Member
By: /s/ Michael E. Tennenbaum
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Michael E. Tennenbaum,
its Managing Member
TENNENBAUM & CO., LLC
By: /s/ Michael E. Tennenbaum
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Michael E. Tennenbaum,
its Managing Member
/s/ Michael E. Tennenbaum
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MICHAEL E. TENNENBAUM
