Sentence examples for secondary repayment from inspiring English sources

Some familiar with state finances, like Albert Porroni, executive director of the nonpartisan Office of Legislative Services, said that recourse to the state's income tax as a secondary repayment guarantee was included in the prospectus of many of the state's bond issues as an additional assurance to the underwriters.

While details of the financing are still being debated and are subject to approval by a wary Legislature, some lawmakers are already taking aim at the proposed use of state income tax revenues from the arena development as a secondary repayment source for borrowed construction funds.

A strong balance sheet shows that company assets provide a secure, secondary source of repayment if earnings deteriorate.

After the EBIT stream, the company's balance sheet is the most important financial indicator because the assets are the bank's secondary source of repayment if earnings are not adequate to repay the loan.

You will have better luck with this appeal if you show that your company's assets will still provide an assured, secondary source of repayment if the banker relaxes the covenant from.75 to 1 to, say, 1 to 1. Prospects for strong earnings also may help you bargain for more flexibility on the use of debt financing.

To the extent that you can, stress: (1) your high margin of safety (low leverage), the liquidity of the balance sheet (high current ratio), and the availability of your assets as a secondary source of repayment even if earnings are used for something else; and/or (2) that your strong earnings will permit a refinancing if they are used for something other than debt servicing.

And also diversify your secondary source of repayment.

If you buy insured bonds, make sure that no more than 15% of them are covered by one insurer; there are other secondary sources of repayment, such as bonds that are escrowed to maturity with U.S. government bonds.

Project financing is a loan structure that relies primarily on the project's cash flow for repayment, with the project's assets, rights and interests held as secondary security or collateral.

The delay in approving the €1.7bn was "a secondary issue", he said, as Greece did not have any imminent debt repayments.

Credit history clearly becomes very important as income is typically used as the primary source of repayment, followed by assets such as real estate and other forms of physical assets as a secondary form.