Sentences with phrase «secured letters of credit»

That was on top of a $ 300 million secured letter of credit that Sears received from ESL affiliates last week too, and just the latest injection of financial help from Lampert to keep Sears afloat.

TOR has not been refining crude for more than a year due to huge debts and failure to secure letters of credits.

Collateral — You can secure your letter of credit with real estate or business assets such as inventory, equipment, or cash.

Not exact matches

The latter, which yields about $ 23 billion in revenue for banks across the globe, according to Bain, poses a chance for banks to switch from manual, expensive and error - ridden letters of credit to a more streamlined, secure and efficient distributed ledger.

This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real estate and mortgage brokerage services.

You will also need a bank letter of credit between $ 10,000 and $ 50,000 to secure the gas inventory.

CORRECTION: Restaurateur Harendra Singh secured a $ 1.5 million line of credit in 2010 with an opinion letter from then - Oyster Bay Deputy Town Attorney Frederick Mei and legal documents drawn up by Rivkin Radler LLP of Uniondale, according to testimony in the federal corruption trial of former Nassau County Edward Mangano and former Oyster Bay Town Supervisor John Venditto.

Neither the preliminary rating opinion letter nor the credit ratings should reflect the use of bond insurance or other credit enhancement that does not also secure the TIFIA credit instrument.

Two members of the Senate Committee on Small Business and Entrepreneurship, wrote Equifax a letter last week requesting they take more initiative to help small business owners monitor and secure their credit / identity.

Standby letters of credit are often used to guarantee repayment of loans, to ensure fulfillment of a contract, or to secure payment for goods delivered by third parties.

(1) A credit services organization, its salespersons, agents, and representatives, and independent contractors who sell or attempt to sell the services of a credit services organization may not do any of the following: (a) conduct any business regulated by this chapter without first: (i) securing a certificate of registration from the division; and (ii) unless exempted under Section 13 -21-4, posting a bond, letter of credit, or certificate of deposit with the division in the amount of $ 100,000; (b) make a false statement, or fail to state a material fact, in connection with an application for registration with the division; (c) charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit services organization has agreed to perform for the buyer; (d) dispute or challenge, or assist a person in disputing or challenging an entry in a credit report prepared by a consumer reporting agency without a factual basis for believing and obtaining a written statement for each entry from the person stating that that person believes that the entry contains a material error or omission, outdated information, inaccurate information, or unverifiable information; (e) charge or receive any money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer, if the credit that is or will be extended to the buyer is upon substantially the same terms as those available to the general public; (f) make, or counsel or advise any buyer to make, any statement that is untrue or misleading and that is known, or that by the exercise of reasonable care should be known, to be untrue or misleading, to a credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit, with respect to a buyer's creditworthiness, credit standing, or credit capacity; (g) make or use any untrue or misleading representations in the offer or sale of the services of a credit services organization or engage, directly or indirectly, in any act, practice, or course of business that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a credit services organization; and (h) transact any business as a credit services organization, as defined in Section 13 -21-2, without first having registered with the division by paying an annual fee set pursuant to Section 63J -1-504 and filing proof that it has obtained a bond or letter of credit as required by Subsection (2).

Financial guarantee insurance also competes with other forms of credit enhancement, including senior - subordinated structures, credit derivatives, over-collateralization, letters of credit and guarantees (for example, mortgage guarantees where pools of mortgages secure debt service payments) provided by banks and other financial institutions, some of which are governmental agencies or have been assigned the highest credit ratings awarded by one or more of the major rating agencies.

For the purpose of achieving income, a Fund may lend its portfolio securities, provided (1) the loan is secured continuously by collateral consisting of U.S. Government securities or cash or cash equivalents (cash, U.S. Government securities, negotiable certificates of deposit, bankers» acceptances or letters of credit) maintained on a daily mark - to - market basis in an amount at least

The fund may loan portfolio securities to qualified broker - dealers or other institutional investors provided: (1) the loan is secured continuously by collateral consisting of U.S. government securities, letters of credit, cash or cash equivalents or other appropriate instruments maintained on a daily marked - to - market basis in an amount at least equal to the current market value of the securities loaned; (2) the fund may at any time call the loan and obtain the return of the securities loaned; (3) the fund will receive any interest or dividends paid on the loaned securities; and (4) the aggregate market value of securities loaned will not at any time exceed one - third of the total assets of the fund, including collateral received from the loan (at market value computed at the time of the loan).

As of March 31, 2015, our senior secured credit facilities consisted of $ 390.1 million of outstanding term loans maturing on August 8, 2019 and an undrawn $ 40.0 million revolving credit facility (which includes borrowing capacity available for letters of credit and for short - term borrowings) maturing on August 8, 2017.

These activists get credit for more than the inception of this Complete Street; after two years and 2,500 hand - written letters, they successfully secured its extension from the Financial District to Harlem.

These laws can apply to sales or leases of goods, the interpretation of negotiable instruments, bank deposits, letters of credit, bills of lading, secured transactions, and more.

Mr. Hensley's litigation experience is broad in nature, encompassing such diverse practice areas as: real estate issues of almost any nature; construction defect litigation (both plaintiff and defense, representing developers, contractors, managers, subcontractors, and design professionals); federal and state securities class action / derivative defense; partnership / corporate governance issues; UCC / commercial paper / letter of credit issues; intellectual property / trade secret / unfair competition issues; wrongful termination / harassment trials; wage / hour class action defense; contract formation and interpretation issues; bankruptcy adversary proceedings; health care disputes; telecommunications issues; and debtor / creditor financing issues involving both secured and unsecured interests.

In the finance area, he works on real property secured, personal property secured, and unsecured financing transactions of various types, including syndicated loan transactions, single lender transactions, intercreditor arrangements, letters of credit, work - outs, foreclosures, and other types of remedy enforcement.

«This will increase trade finance process efficiencies by substantially shortening letters of credit issuance time, reducing trade paperwork processing costs and removing delivery delays by enabling faster creation and secure transfer of digital trade documents between participants.»

This pre-qualification letter does NOT secure your financing — it's a preliminary approval subject to the verification of your assets and credit.