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There are no prepayments or cancellation fees.
These unanticipated "prepayments" leave CLOs with cash to invest.
Troubled banks can seek a waiver from the prepayments.
The prepayments are a major drain on cash flow.
I understand that if I make prepayments on my mortgage, I will save money because the prepayments shorten the term of the loan.
Their prepayments had been held in a Federal Maritime Commission escrow account, she said.
The prepayments help to inflate Tyco's profits after the deals close, the short sellers say.
The bill would lower the amount of the prepayments and allow the agency to stretch them out over 40 years.
He said that such voluntary prepayments would not reduce the total amount of the credit line available.
He said the prepayments had no effect on Tyco's reported income, although they did improve its reported cash flow.
State law requires that prepayments be placed in interest-bearing trusts that are fully refundable at any time.
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