Nick Parkhouse, senior director, financial institutions structured finance at RBS, said: We were impressed that Crown Mortgage Management thought about the need for a standby agreement
from both the lenders and the funders perspective and are happy to partner Crown Mortgage Management on this innovative transaction.
Farhatullah Babar said that Pakistan signed standby agreement
(SBA) with the IMF in November 2008 for additional financing of $ 7.
The agency expects Colombia's external liquidity to remain sound as a result of privatization revenue, a shrinking current account deficit and the standby agreement
with the IMF.
SEACOR expects to enter into a standby agreement
with Credit Suisse First Boston Corporation under which Credit Suisse First Boston will agree, subject to certain conditions, to purchase from SEACOR the shares of Common Stock that otherwise would have been delivered upon conversion of up to $50,000,000 aggregate principal amount of the notes that are subject to the call but are not converted.
At beginning, the nature of the standby agreement
is cold, however, should certain causes occur, the deal can change to warm, thus placing Crown in a higher state of readiness to be invoked.
Stillwater Mining has entered into a standby agreement
with Salomon Smith Barney under which Salomon Smith Barney will purchase from Stillwater Mining the number of shares of common stock that would have been issuable upon conversion of the convertible subordinated notes that have not been surrendered for conversion on or before April 28, 1999.
FRP elected not to exercise its option under the standby agreement
to purchase additional shares.
The conditions of the loan includes commitments to financial reforms, similar to those set by the European Commission, International Monetary Fund and World Bank standby agreement
The standby agreement
covers the purchased price bonds which are tendered but not remarketed.
Pursuant to a standby agreement
, Freeport- McMoRan Resource Partners, Limited Partnership (NYSE: FRP) will purchase the remaining shares available in the offering at the $3.
in the purchase by PLP, pursuant to a standby agreement
with MOXY, of
Under a standby agreement
, Freeport-McMoRan Resource Partners, Limited Partnership (NYSE: FRP) has agreed to purchase for the same price any shares not purchased in the rights offering, assuring MOXY of the necessary funds to establish and participate in growth opportunities arising from a new multi-year $200 million MOXY/FRP exploration program.