The law says that a company investing more than 40% of its assets (excluding government bonds) in securities of noncontrolled companiesmust register as an investment company and comply with onerous disclosure and financing requirements.
Some desperate companies agree to such onerous terms that the financing can hurt more than help.
The size of debt required for each school - generally about £20m - ought to make finance less onerous, especially as the government puts in 40% of equity with banks supplying the rest.
Yet the British and Dutch governments have some powerful weapons on their side, such as the ability to block Iceland's accession to the EU.There is a recognised concept in international finance of "onerous debt", which says that a population should not be responsible for debts run up by murderous or kleptocratic dictators.
The parents will find remortgaging or arranging other finance much more onerous while they are guaranteeing another loan.
In theory, REITs are less likely to suffer financial distress because they rely much less on debt-financing, with its onerous obligations to pay interest.
On Monday, The New York Times reported that the bank finance consortium for the Bell Canada acquisition is insisting on overly onerous terms for the buyout's debt financing.
And too often the quality of candidates is shamefully low, in part because the incumbent-friendly campaign finance system and the onerous requirements of fundraising in the city — and state and nation — keep good challengers from running.
When they apply instead for auto loans, they are increasingly being told that their credit scores have declined and that financing terms have become more onerous.
Gov. George W. Bush said today that Vice President Al Gore's proposal for Social Security would create about $40 trillion in debt by the middle of the century, saddling future generations with an onerous burden and leaving the system of financing the program unfixed.
