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The use of extraordinary provisions frequently found in postpetition financing documents, including provisions requiring that the debtor take material actions to satisfy lender conditions, such as filing a plan or selling assets, should be limited.
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The condition was that Tsipras comes up with a reform programme that could satisfy lenders.
Earlier, also to satisfy lenders, Mr. Redstone sold a large stake in Midway Games to a private investor for about $100,000.
According to a person close to Wynn, the provision was included to satisfy lenders who were suspicious of a tax evasion complaint against Mr. Okada that was later found to be unsubstantiated.
The concern is that economies already in a slowdown will be weakened further by large cuts in national spending and by tax increases that governments are embracing to satisfy lenders and to placate the financial markets.
In a statement issued in Australia, Minmetals said Friday it wanted to continue talks: "Our focus is on delivering an agreed solution to OZ Minerals that meets national interests, can satisfy lenders, deliver stability to employees and protect existing operations".
In the meantime, the concern is that economies that are already in a slowdown will be weakened further by large cuts in national spending and by tax increases that governments are embracing to satisfy lenders and to placate the financial markets.
Meanwhile, after bargaining down its interest payments by half, the rest of the franchise is throwing off enough cash to satisfy lenders.
United Airlines flight attendants on Wednesday approved temporary wage cuts of 9% that the world's second largest airline says it needs to satisfy lenders providing key financing for its bankruptcy restructuring.
UAL Corp.'s United Airlines was expected to file a motion in U.S. bankruptcy court on Thursday that would allow it to abolish its labor contracts with unions if it cannot reach wage cuts needed to satisfy lenders.
Wouldn't that satisfy lenders' concern that all fees and taxes are being paid and accounted for?
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CEO of Professional Science Editing for Scientists @ prosciediting.com