Sentences with phrase «in loan covenants»

Minimum levels of current ratio are often defined in loan covenants to protect the interest of the lenders in the event of deteriorating financial position of the borrowers.

Not exact matches

After drawing down $ 192 million of nearly $ 500 million in potential financing, it triggered loan covenants when it botched production deadlines, failing to deliver cars on time.

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.

Another way to look at that is if those in the audience who know what covenant - light loans are, which are loans without a lot of stuff tied around you, back in» 06,»07 less than 20 percent of the debt was issued cov - light.

And very few covenants in those loans,» he said.

We expect that the New Credit Facility will contain a number of covenants that, among other things, restrict SSE Holdings» ability to, subject to specified exceptions, incur additional debt; incur additional liens and contingent liabilities; sell or dispose of assets; merge with or acquire other companies; liquidate or dissolve itself, engage in businesses that are not in a related line of business; make loans, advances or guarantees; pay dividends or make other distributions (with certain exceptions, including tax distributions and repurchases of management equity); engage in transactions with affiliates; and make investments.

The company hasn't breached any covenants yet, it said, but if it is found to be in breach, the lenders could force it to pay back the entire loan immediately, which could force Toys R Us into liquidation.

On February 21, CNBC reported that Toys «R» Us was at risk of breaching a covenant on a $ 3.1 - billion debtor - in - possession loan.

Yet, bond investors have only piled on more risk, from record growth in high - risk, covenant - lite loans to leveraged - loan funds holding billions in collateral in over-indebted retailers to sustained lows in junk bond yields.

Choose your pick of potential flashpoints: rising U.S. interest rates, weakening loan covenants, or the boom in exchange traded funds.

At a time when the Museum was in default on its loan covenants, and was facing potential foreclosure, Chevrolet introduced the new C5 Corvette on January 6th, 1997 and the Museum was selected to be a satellite location for the special viewing.

Watch the loan covenants, so that you can get good recoveries in a default.

In fact, it may help your credit score if you are able to obtain a loan and stay in compliance with your loan covenantIn fact, it may help your credit score if you are able to obtain a loan and stay in compliance with your loan covenantin compliance with your loan covenants.

If the borrower does not act in accordance with the covenants, the loan can be considered in default and the lender has the right to demand payment (usually in full).

Additional Accommodations: We provide further customization in our loan structures through seasonal advance rates and flexible covenants.

Companies pay in kind where they can, whether it is on «covenant lite» loans, REIT dividends, etc..

Yet, bond investors have only piled on more risk, from record growth in high - risk, covenant - lite loans to leveraged - loan funds holding billions in collateral in over-indebted retailers to sustained lows in junk bond yields.

if they have broken any significant promises made in loan agreements (called «loan covenant breaches»)

The investment manager should also outline the key terms of any loans the scheme has and tell you if they have broken any promises made in loan agreements (called «loan covenant breaches»).

-- Leveraged loans are obviously non-investment grade, but are secured on the borrower's assets (thereby ensuring seniority in the capital structure, and higher average recovery rates), covenants are strict, and they're repayable at any time.

But in bank loans to entities acquiring corporations, the covenants are getting weaker.

BBEP's is a beautifully intricate story in which the oil crash, the market crash, an angry majority shareholder, a convenient bank loan covenant, 5 years of hedged production, and the fleeing of dividend - loving stock holders combined to create the easiest purchasing decision I've ever made!

Dan's business litigation included defending a truck manufacturer in suits by disgruntled dealers, the defense of numerous officers and directors of failed savings and loans, a recovery for limited partners in a franchise who were misled by a franchisor, defense of libel actions, trade secret litigation on behalf of both plaintiffs and defendants, lease covenant disputes for commercial tenants of shopping centers, and business partnership disputes.

According to Canellas, the reason the firm had to rely on accounting tricks and adjustments was because it could not meet the cash flow covenants in its loan agreements.

It was also unsupported by the mortgage itself, including the standard charge terms containing the appellant's covenant to pay, the certificate of independent legal advice furnished by the appellant's solicitor in relation to the mortgage transaction, the mortgage commitment letter, and various other documents related to the mortgage loan.

Furthermore, in documents filed with the court by the appellant on a summary judgment motion in a related solicitor's negligence action, the appellant expressly acknowledged that he, rather than the trust, was the legal owner of the mortgaged property and that the relevant mortgage documents contained his personal covenant to repay the mortgage loan.

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.

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

All activities related to applicable Loan facility and Securitization portfolio reporting required by the External Funding Sources, ensuring consistent reporting in conjunction with the respective Funding Sources loan covenaLoan facility and Securitization portfolio reporting required by the External Funding Sources, ensuring consistent reporting in conjunction with the respective Funding Sources loan covenaloan covenants.

The National Association of Realtors ® applauds the Federal Housing Finance Agency for moving ahead with a proposed rule to restrict government - sponsored enterprises Fannie Mae and Freddie Mac and the 12 Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants.

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.

The court rejected this argument, finding that there was no duty for the Broker to modify or extend the loan in the contract and the covenant of fair dealing did not impose this duty.

Lenders consider both the property (security) and the financial worth of the borrower (covenant) in deciding on a mortgage loan.