Sentences with phrase «last out lender»

First, the first out ABL lenders under the 2013 credit agreement objected by claiming that under their applicable AAL, Standard General as last out lender under that facility was precluded from submitting a credit bid if any obligations to the first out ABL lenders remained outstanding.

The lenders under this facility consisted of certain funds managed by Cerberus Capital Management as first out lender and Salus Capital Partners as last out lender (2013 term loan).

Not exact matches

One day last August, lender relations specialist Ford Scott and business development specialist Bob McLoone signed out an agency car and made the long drive toward the Tennessee border and Abingdon, an old mercantile town in the far southwest part of the state with red - brick buildings and red - brick sidewalks.

Several of the Canadian lender's U.S. clients have taken to Twitter to complain about problems accessing their accounts online or on the mobile app, issues which surfaced late last week after TD rolled out a technical update.

Italy bailed out two Venice - based lenders last month.

In light of his refusal to carry out the duties of a central bank and act as lender of last resort when Greek banks run out of cash, Mr. Varoufakis has said that: «If necessary, we will issue parallel liquidity and California - style IOU's, in an electronic form.

This stops bank failures disrupting money and payments and hence helps achieve monetary outcomes desired by the Austrian school of economics: reducing excessive state interference in the market for credit (through bank regulation, lender of last resort and bail - out) and discouraging unsustainable money and credit expansions (leading to financial crisis and depression).

At an industry summit in Whitehall last month lenders were told they could face tighter controls, including limits on the number of loans taken out and a cap on the total cost of credit.

From delivering on the Access to Credit Bills last year — that have led to Nigerian lenders pushing out more loans to the SMEs; to the passage of the #NotTooYoungToRun Bill, during the National Assembly's #ConstitutionalReview exercise, to Saraki and his colleagues in the National Assembly, the inclusion of more young people in Nigeria's business and political spaces is a priority.

Closer to closing, borrowers also have to watch out for last minute counteroffers from their current mortgage lender.

In return for this «bail out» the lender of last resort will demand some measures of constraint and frugality on the part of the government and citizens of the economy being rescued.

Many lenders have tightened their lending practices, compared to the facile loans doled out by them to borrowers in the boom time of the last few years.

You will need a PIN, a copy of last year's tax returns (fill out IRS Form 4506 - T to request a transcript), and any other documents your lender may request.

Be sure to contact your lender to find out what information they'll need before the meeting, but expect to be asked to bring things like your tax returns for the last few years, bank statements, paystubs, W - 2s and information verifying your income if you're self - employed.

Figuring out how a lender computes your income is as easy as looking at your W - 2s for the last two years.

If you're not convinced yet, don't forget that your lender still isn't done squeezing every last drop of money out of the convenience checks.

Over the last couple of years, online student loan lenders have handed out high - interest loans to Chinese students.

Even with nations that last so long, they can repudiate debts multiple times in their lives, though there is a cost — being shut out of the bond market for a time, until lenders forget.

Now, realize I'm not crazy about «lender of last resort» powers being in the hands of the government, but if we're going to do that, you may as well do it right, and bail out depositors in full, while having others take modest to large haircuts.

The last thing a lender wants to do is loan money out to a borrower who isn't going to be able to pay it back on time.

A free fire zone for hedge funds and shorts to take out life insurance on investment banks, then short them in classical bear raids until their stock drop and rising CDS rates caused rating agencies to downgrade their debt, then the run on the bank begins and they have no lender of last resort and the implosion is guaranteed.

Attorneys Justin Leto and Larry Bassuk launched Level Insurance last month and it's too early to say whether the product is a success but they hope to carve out a niche in competition with existing lenders who finance plaintiff lawyers with high - interest loans, often secured by personal property.

PlayPower Holdings successfully restructured its operations out of court last week, reaching an agreement with lenders to eliminate $ 145 million in debt.

When I bought a new car last year I had a 723 credit score and after the dealership sent out 28 blanket inquiries for lenders it dropped to 513.

In the event last minute changes are unavoidable, it is hoped that lenders will be prepared and that they will be able to quickly discern whether a change requires a new waiting period or is clearly within the exception laid out by the Consumer Financial Protection Bureau (CFPB).

As the government becomes the corporate lender of last resort, one company figured out long ago that state partnerships aren't always a bad deal...

Receivership assignments can last however long it takes for the borrower and lender to work out their differences, usually about a year.

But the figure still represents a success, lenders say, because last year's volume was hampered when HUD ran out of credit subsidies (required loan - loss reserve funds) halfway through the fiscal year.

After a bull run lasting eight years, local lenders are tapped out.

When lawmakers were hammering out major Wall Street reform legislation last year, one of the key debates was over a skin - in - the - game provision for residential mortgage lenders.