State law establishes clear processes that would allow for timely payment of principal and interest, if a school district does not make a scheduled debt service payment on GO bonds and certain electoral authorized lease purchase agreements
issued after July 1991.
2, b) or purchase money mortgages, lease purchase agreements
or similar securities (Section 204, par.
Using one of the Marina West chairman's figures quoted to a CEO of a major Bahrain company in January 2011, there appears to be a way of completing this project in stages for under BD20m and in doing so ultimately provide over 370 low-cost apartments for under BD57,000 via long-term lease purchase agreements
solely for Bahrain nationals.
He will focus on financial analysis, lease purchase agreements
, property management and new acquisition evaluation in his new role with the firm.
School Obligations Summit Bank's Lease Purchase Agreements
with School Districts for Global Business Solutions' Equipment School Original Balance as of Districts Balance Oct.
Sainsbury's says that the scheme will work rather like existing hire purchase or lease purchase agreements
, with the customer putting down a deposit and making monthly payments over two or three years.
It is not typical in the container leasing business for the equipment to be leased under lease purchase agreements
or full-payout leases under which the customer agrees to pay sufficient rent for the lessor to recover the entire cost of the equipment.
Practically, this would be most relevant to Fitch-rated projects with similar lease purchase agreements such as the Mid-Bay Bridge Authority (senior/junior liens rated BBB+/BBB/Stable).
The lease purchase agreement (LPA) between FDOT and the authority along with the bond resolution had structurally subordinated reimbursements of these costs to payments to senior bondholders, prior to and following any payment default.
To accommodate these special circumstances, every lease purchase agreement
has a "fiscal funding" clause that lets the government walk away from its obligations if funds are not appropriated for the contract each year.