Companies in that position usually negotiate new terms with their lenders, often paying higher interest rates in return for less stringent cash-flow requirements.
Some leases provide that a shareholder cannot borrow more than 80 percent of the value of the apartment, while others have stringent rules requiring cash and excellent credit scores before allowing refinancing.
At the end of May, he got the cash, but with stringent conditions attached.
Instead of requiring banks to maintain, by 2015, a certain amount of assets that can quickly be turned into cash, the most stringent deadline was pushed to 2019.
But that was before we spent a long, trying weekend bumming rides from them — an important component of our new all-cash diet — because our stringent budget wouldn't cover a rental subcompact during our recent visit to Los Angeles.
Taken together, the proposals amount to the most ambitious ever suggested by a sitting governor in New York, where ethics enforcement has historically been weak and limits on campaign cash are among the least stringent in the nation.
The co-op board is stringent but, if presented with an all-cash offer and the credit score of Plutus, persuadable.
Industry boosters say any risk is mitigated by stringent collateral requirements: borrowers have to leave ample cash (or other assets) with the lenders of the stock.
If the managers can't find other equity investments that meet their stringent criteria, they'll let the fund's cash position build up.
The stringent rules were imposed after it was revealed that cash and gifts were used to influence the votes of the International Olympic Committee in Salt Lake City's successful effort to be host of the Winter Olympics this year.
For bond funds, which don't make fat cash payouts, we're a little more stringent for Best Buys (see table).
