The company said it did not anticipate that holders of its common shares or preferred stock would benefit from the bankruptcy process.
Determined to pioneer a new kind of gift card that holders don't tend to squander, a new startup is selling the Tango Card, which gives recipients the flexibility to make purchases at eleven different retailers, donate their balance to charity or redeem it for cash.
That is the reality that holders of Germany's government bonds now must face.
One of these people estimated that holders of nearly $27 billion in CIT bonds had voted.
They trace some of the losses to Mr. Orban, whose government decreed that holders of foreign currency loans could redeem them at an artificially low exchange rate.
This effectively means that holders of 16.5 percent of Xstrata's shares can block the deal, which creates an opening for more maneuvering.
A Steven Sladkus, a Manhattan co-op and condominium lawyer, says that holders of unsold shares usually are exempted from certain obligations under most proprietary leases.
Europe is unwilling to bite the bullet and admit that holders of Greek government debt will have to take big losses.
Nor had they reached agreement on how steep the write-offs would be that holders of Greek debt might be required to take.
The proprietary lease states that holders of unsold shares do not need board approval to sell, renovate and sublease, but it does not mention financing.
For example, the authority projects that holders of the 30-day card, who make one-third of all MetroCard purchases, will pay an average of $1.70 a ride.
