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The company has not drawn down that full amount, but every few months it taps a billion or two billion more, to finance its restructuring or bolster its insurance units.
Perhaps, but given constraints on the speed at which strategic stocks can be drawn down, that assertion depends entirely on how much Saudi output might be knocked out.The oil price is therefore on a razor's edge.
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The agency then arranges to spend that money, or obligate it, through contracts, and draws down that money over time.
If he then draws down that money at the rate of $250 a month, it will last another 40 years, well past age 100, Mr. Webb says.
Ashton said: "I think a significant proportion of the population would like to feel confident that if it came to the crunch they could call on their doctor to help them out … if their quality of life is so poor and that it's only a matter of days or weeks anyway, that they would like to be able to draw down that gift of a [medical] practitioner".
It does have $2 billion in a revolving bank-credit line that expires in 2005, but drawing down that line could push its debt-to-capital ratio close to 60%, the maximum allowed by the creditors.
TdFHUB2014, the company set up to oversee the £27m budget for the three English stages of Le Tour, started with £2m of rainy-day cash but has been drawing down that money to cover rising crowd-control costs.
Over half of the bidders have been able to draw down that funding.
The borrower could either draw down that line of credit at will or take monthly payments of about $900.
But, he continued, most of those credit lines expire in November and it remains unclear whether the banks will allow the company to draw down that money given its lower debt rating.
But that doesn't allow for $100,000 to grow with inflation, so plan to draw down that $5 million over time.
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