The FSA also concluded that the bond's maturity date was the remarketing date; thus, the taxpayer should amortize the bond-issuance premium under Regs.
In essence, the FSA recognized the existence of two separate debt instruments: (1) a debt with a term from the original issue date to the remarketing date and (2) a debt that may be issued with a term from the remarketing date to the stated maturity date.
The company argued that the buyer did not have the cash to pay the note on the original maturity date
9%) is collateralized by an office property located in Piscataway, NJ, which also has a final maturity date
Shareholders will receive the High Watermark Fund's then-current net asset value rather than the guaranteed payout when they redeem shares if the Adviser fails to satisfy certain obligations under the master agreement or the Fund's Board of Trustees determines to liquidate the Fund prior to its maturity date
The expected `A+' rating addresses the issuer's ability to make timely payment of interest and pay principal on each bonds respective maturity date.
Failure to make a super sinker redemption is not an event of default, while failure to pay principal on any bond's maturity date will constitute an event of default.
Accordingly, EAST must re-lease all of the aircraft one or more times prior to the final maturity date
to be able to repay the notes in full.
The `A+' ratings address the likelihood of timely payment of interest and ultimate payment of principal by each bond's rated maturity date
The rating assigned to the class A1 and A2 MTNs issued by ACE Funding reflects its ability to pay interest to the class A1 and A2 MTN holders in full on each monthly interest payment date and to repay principal in full no later than the final maturity dates
according to the terms and conditions of the class A1 and A2 MTNs, Standard & Poor's said.
The new debt obligation of CRIIMI MAE's financing subsidiary has a fixed interest rate of seven percent, a maturity date
The `A+' rating address the likelihood of timely payment of interest and ultimate payment of principal by each bond's rated maturity date