Sentences with phrase «as loan covenants»
Contractual assignment and change - in - control clauses as well as potential impediments to a bid, such as loan covenants, regulatory requirements, and competition and foreign investment issues, should be highlighted.
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The fund disclosed this month it is not in compliance with one of its debt covenants, and reported there is «significant doubt» it can repay the $ 65.6 - million loan as required by Dec. 31.
A technical loan default is when a borrower fails to meet a specific component of their loan compliance such as failure to comply with a non-financial covenant or a failure to deliver reports and financials on time.
Most lenders will require several covenants as part of the loan agreement:
Additional reserves are occasionally required as part of debt covenants, especially regarding bonds or loans for school buildings.
Many lending covenants will keep companies to something like a 5 to 1 debt to earnings / EBITA ratio, so if the loan maturities are evenly spread out over 5 + years, it should be possible to become debt free by paying off the loans as they mature (by suspending dividends / capital reinvestment spending / deferring maintenance etc).
As with other super fund assets, there can't be a loan or covenant (charge) over an asset (unless the asset was acquired under a limited recourse borrowing arrangement).
She also has experience of negotiating documents such as deeds of surrender, deeds of variation, authorised guarantee agreements, deeds of covenant, licences, rent deposit deeds, loan agreements and s. 106 agreements.
Our clients also rely on us to provide practical advice as to various rights and remedies which may exist for document covenant violations and loan defaults.
Prepared valuation analyses and cash flow models on prospective acquisitions using ARGUS; and recorded acquisition / sale of 1031 properties on multiple entities Prepared quarterly financial reports for tax auditors using QuickBooks, including all supporting schedules for 10 - K and 10 - Q filings Created / Maintained lease briefs for newly acquired assets and performed due diligence for prospective acquisitions Managed and reconciled cash for company and 1031 exchange properties; and acted as primary contact for all treasury management issues Filed annual business property statement and recorded estimated income tax payments — state and federal Created accounting procedures manual and supervised / trained assistants to perform accounts payable tasks Consulted with property accountants to resolve discrepancies in monthly financial reports Provided executives, shareholders, lenders and investors with monthly, quarterly and annual financial reports Ensured compliance with loan covenants and tenant in common (TIC) agreements
As the leading advocate for homeownership and housing issues, NAR applauds the Federal Housing Finance Agency for issuing a final rule to restrict Fannie Mae, Freddie Mac and the Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants.