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"If we take the example of a Greek borrower who has borrowed in euros from a Greek bank and is obliged to make those payments in Greece, it is likely that those obligations will be redenominated into the new currency," he says.
"But to do that you need to give creditors a modicum of trust that remaining obligations will be met.
Because this is a smaller number than many companies used before, the present value of the obligations will be higher.
The banks' obligations will be guided by the debt commitment letter in which they promised Apax to finance this debt.
Elimination of the debt has one other effect: while current taxes will be increased, future taxes required to meet interest and principal obligations will be reduced.
First is pension liabilities: under the new rules, a company's future obligations will be calculated using the yield on high-quality corporate bonds.
Similar(29)
"Upon finishing your residency," the message read, "you will be assigned to one of a variety of locations including Germany, Italy and Hawaii and your obligation will be complete".
The obligation will be on Obama to make the case that it is the Republicans, not he, who is to blame – a difficult, but not impossible task.
Their obligation will be to make sure that their version prevails in the conference committee, and prepare to continue the fight for real reform in the future.
The presumption is that anyone who is capable of recognizing the rule of God in his experience in society will also be capable of understanding what the nature of his obligation will be in specific circumstances.
It is also possible to specify a deadline after which some obligation will be considered violated if the action was not performed.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com