"covenant" in inglés with examples - Collocation dictionary inglés
- So determined is NVR to repurchase its stock that in 2001 and 2002 it paid $7 million in so-called consent fees to get debt holders' permission to buy more shares than its bond covenants allowed.
- The bond covenants do not prevent Macy from incurring additional debt, nor do they protect holders against asset sales, reorganization or changes in control of the company.
- Another approach would involve writing restrictions into the bond covenants.
- He cited a Supreme Court ruling in the late 1970's that included a footnote mentioning this tactic as an option in altering bond covenants.
- The bond covenant, now being written, is supposed to restrict borrowing and prevent lawmakers from rolling one year's debt into the next.
- The frequent rejoinder is that nothing can be done about this problem because bond covenants would prohibit it.
- His reasoning: since Prime was not behind on interest payments to bondholders, the bankruptcy filing did not constitute a default - even though the bond covenants said it did.
- To that, Assemblywoman Audrey I. Pheffer replied: "Eliminate the bond covenant.
- Trying to Overcome Tradition There are huge obstacles to such fundamental changes, including state laws, municipal bond covenants, Civil Service rules, union contracts, tradition and, of course, politics.
- Under Hilton's bond covenants, that would cause an increase in interest rates.
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