Examples of Revolving Loan Obligations in a sentence
Cognizant of its liquidity challenges as well as the maturity of the Prepetition Revolving Loan Obligations at year-end, the Company, with the support of its equity sponsor, spent a significant amount of time engaged in a process of soliciting interest in a refinancing of the Company’s secured indebtedness, or a sale of substantially all of the Company’s assets.
The City may, after consultation with the Council, determine that circumstances justify granting such assistance despite the adverse effects created or permitted by the party to be assisted.
The Company was able to obtain numerous extensions of the maturity date under the Prepetition Revolving Loan Obligations.
All of these factors coincided with the maturity of the Company’s Prepetition Revolving Loan Obligations at the end of 2019, resulting in the significant liquidity challenges currently facing the Company.
The estimated effect of liberalization on growth and investment was very similar to that reported in Table 2, for all specifications.As a final check against spurious dynamic effects, we also re-estimated the model with a two- step procedure suggested by Bertrand, Duflo and Mullainathan (2004) to cope with serially correlated residuals.