Although AOL Time Warner owns more than 60percentt of Road Runner, it has not been consolidating those losses on its earnings statement because Advance/Newhouse, though it owns only a small stake, has blocking rights on management issues, so AOL Time Warner does not effectively control the venture.
With equity often investors want "blocking rights on a sale or future finaning" that they often don't get in a convertible debt deal.
In early discussions between the companies, Craigslist balked at eBay's stakeholder terms, which included blocking rights on corporate transactions and approval of Craigslist's budget, calling them "overreaching and unacceptable," according to the court filing.
The resort — consisting of a 63-room main building, a 92-room "village" of apartment buildings and 28 private villas — is a sprawl of giant, stacked white blocks, sitting right on the water.
I've learned now to step into those shots, block 'em right on the dial.
He was blocking on the right end when Scott Norwood's game-winning field-goal attempt went wide right.
Despite backing a two-stage debt deal last night, a rump of far-right Republicans is blocking progress on the budget deficit It opened at last and no one in the orchestra seats was hurt by plummeting performers – a good thing with the likes of Matt Damon and Bill Clinton in the house.
Doubles from £50 B&B This is the newest boutique B&B on the block, right in the middle of Penang's bustling, psychedelic Little India neighbourhood.
It's been around the corner on Sixth for the past quarter-century, but this month, because of lease trouble, it moved into the vacant spot on our block, right between the Harvard Club and the New York Yacht Club.
He rarely composed preliminary sketches, instead, working right on the block with a vigorous pace.
