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VENOCO Timothy Marquez, chairman and chief executive of Venoco, a California oil company, was able to acquire his publicly traded company with favorable terms and no financing lined up, without resistance from the board.
Judge Bruce W. Kauffman of United States District Court in Philadelphia said in his ruling, issued last week, that Fleet "unquestionably engaged in wrongdoing" if it lured customers with favorable terms that it intended to change, but that "wrongdoing alone does not automatically trigger application of the provisions" of the Truth in Lending Act.
Now it's been discovered that rich people have been given or promised peerages in return for granting loans with favorable terms.
With favorable terms of trade, the economy is dominated by agriculture and services, and there is a consensus for free trade.
Wages are high either under specialization and trade with favorable terms of trade, or under autarky or reversal of the terms of trade.
The company actually wasn't looking for the money — and still has money in the bank from previous funding rounds — but when investors came knocking with favorable terms, it was an offer Meftah couldn't refuse.
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But companies have the right under the bankruptcy code to ask a judge to throw out their labor agreements and replace them with more favorable terms, if an agreement cannot be reached with unions.
Control boards, like the one appointed to oversee New York City's finances in the mid-1970s, take power from elected officials, are at odds with democratic accountability and often let banks and creditors off the hook with unfairly favorable terms.
Lambke believes debt with very favorable terms as well as grants are necessary to rebuild Maine's grain industry.
The financing plan, with its favorable terms, is available to clients who have built up substantial equity in a home.
The board reasoned that its action would force the bank to restructure the debt with more favorable terms.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com