The Facility Agreement's maturity date
has been extended to December 31, 2014, from the earlier maturity date
of December 5, 2014.
Dannemora group (STO:DMAB) announced today a short extension to the maturity date
of the SEK21m bridge financing obtained by Dannemora Magnetit AB, a subsidiary of Dannemora Mineral AB, from 19 February 2014 to 28 February 2014.
These amendments will allow the company to pursue further drilling opportunities in Turner Bayou, whether targeting the Austin Chalk formation or the shallower Middle Wilcox, through to the Maturity Date
The operator has rolled over the debt multiple times since its original maturity date
The loss-making operator said that its financiers had agreed to extend the maturity on its syndicated Murabaha facility of SAR 9 billion to May 29, from an orginal maturity date
of April 30 .
Easa Saleh Al Gurg, deputy chairman said: "The repayment of NBF's subordinated debt to the Ministry of Finance in full and well in advance of its original maturity date
underscores the bank's strong business fundamentals and capacity for growth."
The measure extends the maturity date
of the June series of FCCBs till 27th July, 2012, with the option for the company to bring forward the payment to a nearer date, by providing five days notice to bondholders.
Andrew J Welch, the company executive vice president and chief financial officer, said 'The terms of the new line of credit are more favourable than the repaid loans, with a lower interest rate, an extended maturity date
and the efficiency of a revolving line of credit, which provides greater flexibility to manage our balance sheet while negotiating and consummating strategic hotel acquisitions.'
For purposes of a Section 1035 exchange, an endowment contract is considered a contract "which depends in part on the life expectancy of the insured, but which may be payable in full in a single payment during his life." The exchange of an endowment contract must be made prior to its maturity date
announced that it has reached agreement with Landgray Associates, the fee owner of the Graybar Building at 420 Lexington Avenue, and Metropolitan Life Insurance Company, the lessee, for an early renewal and extension of the maturity date
of the ground lease at Graybar through December 31, 2029.
Second, the notes had no fixed maturity date
or fixed obligation to repay.
The Tax Court ruled the advances were not loans because they were unsecured, were demand notes with no fixed maturity date
, lacked an unconditional obligation of repayment and would not be repaid unless Indmar recorded a profit.