Sentence examples for majority of creditors from inspiring English sources

"The vast majority of creditors do care," he says.

As the law is written, a majority of creditors have to agree to a write-down.

It merely provides a legal framework within which a majority of creditors can restructure a country's debt.

If the borrower runs into trouble, CACs make it possible to restructure debt with the agreement of a substantial majority of creditors, usually around 70%.

The plan needs the approval of a majority of creditors, representing two-thirds of the dollar amount in each of the more than 350 groupings, before it can go back to the judge for final approval.

"The prime reason for seeking protection is to prevent any individual creditor from taking action on its own, which would be against the interests of Sea Containers and the majority of creditors.

These provisions allow a super-majority of creditors to force a settlement on hold-outs.Nonetheless, there is still a long way to go.

The key change is that a country could re-negotiate its loans if it wins approval from a majority of its creditors, and dissenting creditors would be required to go along.

The Kazakh restructuring, completed in September this year, is unusual because instead of getting a state guarantee, the majority of the creditors of BTA Bank, the biggest problem, shared the pain.

Argentina says it has not actually defaulted because it tried to pay the latest interest instalment due to the majority of its creditors.

Two years later, Uneximbank merged with Rosbank and a settlement was reached that gave the majority of the creditors about 34 cents on the dollar.