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Near the end of that quarter, on Sept. 15, AMF failed to make a scheduled payment on some of its senior debt.
"Don't take this personally, Michael," he said, "but I feel that it is my professional obligation to mention that I would have to take measures, you know, should you fail to make a scheduled payment.
In late December, Borders abruptly informed publishers that it would not make a scheduled payment, and later asked publishers to convert the missed payment into a sort of loan.
The lower court on June 27th ruled that in the absence of a settlement with the holdouts, Argentina's deposit of $539m in a trustee's account in order to make a scheduled payment on its restructured bonds was "illegal .Many neutrals might agree with Ms Fernández that "vulture" funds—as specialists in distressed debt are known are not socially useful.
The capital of Pennsylvania has taken a step closer to a possible bankruptcy declaration, warning this week that it was not going to make a scheduled payment of $3.3 million on its general obligation bonds because it did not have the money.
The Shaw Group, a construction company that has been building a 1,200 megawatt power plant in Mississippi, said yesterday it would buy the plant from its owner, NRG Energy, because NRG is unable to make a scheduled payment on the plant.
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Mr. Zell told senior secured creditors then that, in essence, the company was in their hands, and that making a scheduled payment on junior debt would leave less for them, and asked what they wanted to do.
By James Surowiecki May 2, 2016 Governor Alejandro García Padilla of Puerto Rico announced that the island could not make a scheduled debt payment, signalling that the territory is on the verge of defaulting on the billions of dollars it owes bondholders.
Fitch analysts observed: "The downgrade... reflects an uncured payment default following Interpipe's failure to make a scheduled principal debt repayment of $106m [£64m] on 1 November 2013.
ON MARCH 9th Argentina is supposed to make a scheduled repayment of money it owes to the International Monetary Fund.
On August 9, he was activated off the disabled list to make a scheduled start.
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