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Edison defaulted on some outstanding notes, and on payments to power generators and the California Power Exchange yesterday.
Last month, Beazer sued U.S. Bank in federal court in Atlanta, seeking a ruling that a delay in filing its 10-Q quarterly financial report did not constitute a default on $1.3 billion of outstanding notes.
As generation followed generation, the 100 or so outstanding notes with a combined face value of $66,000 have all but been forgotten, aside from an occasional newspaper account.
The plaintiff went into liquidation in the manner provided by law on the 23d of June, 1891, and on the 25th of August, 1891, deposited in the treasury of the United States lawful money to redeem its outstanding notes, as required by section 5222 of the Revised Statutes of the United States.
As of Jan . 13 a $450 million aggregate principal amount of the outstanding notes was outstanding.
Two of its debt tranches, accounting for $316 million in outstanding notes, Moody's now rates below investment grade.
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The council's director, James Jordan, called its programs "outstanding," noting that the judging panel found the ensemble "ranked among the top community school orchestras in the country".
But Campbell and two other faculty advisers found the Cornell team's achievement outstanding, noting that most of the other teams worked closely with well-financed industrial partners and had substantial faculty and senior researcher technical leadership.
Its lawyers argued that, taking into account Colt's huge losses and its probable continued bleeding, the company would be unable to pay off its outstanding note obligations, amounting to $1.8 billion, as they came due in the 2005-09 period.
But adjusted for the shifting exchange rates, the value of outstanding euro notes in circulation has exceeded the value of dollar notes since late 2006.
So far, only about $6.3 billion, or 22.0%, of the outstanding GMAC notes have been tendered and about $2.0 billion, or 21.0%, of the outstanding ResCap notes have been tendered, GMAC said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com