Exact(12)
I'm talking with banks now in preparation to make the repayment by the end of August.
It is still not clear, however, whether Lord Black actually intends to make the repayment.
If the bond underlying the repo defaults, the counterparty still has to make the repayment on the repo.
The initiatives will allow people to consolidate federal loans in new ways and also make the repayment program that is based on borrowers' incomes more generous.
The cash injection will allow Dubai World, the state-controlled conglomerate, to make the repayment on the Islamic bond that matures later today.
It is still not clear, however, whether Lord Black intends to make the repayment, even though Mr. Breeden says he owes that amount.
Similar(48)
The company was forced to make the repayments under agreements signed with investors.
Those with very stable revenues – from licensing arrangements or long-term contracts, for example – will be confident about their ability to make the repayments.
Under the new legislation they will be obliged to make sure that you really can afford to make the repayments on your loan.
The bank asks borrowers to form a group of five people, who are lent money on the proviso that the whole group make the repayments.
As responsible lenders we have a duty to ensure that the people we lend to, whatever their employment status, can afford to make the repayments".
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