Understanding Loan Tranches And Mechanics ( Credit...

[The Credit Agreement] [The Loan] 1. Amount and Terms of the Loans; Letters of Credit 2. Understanding Loan Tranches and Mechanics (Credit Agreement) 3. Tranches of Loans A borrower will generally have various financing needs for its business, some of which may be more appropriately met with a revolving credit facility and others more appropriately met with a term loan facility. Revolving credit facilities permit the borrower to borrow, repay and reborrow loans from time to time during the life of the credit facility, up to an agreed cap amount, so long as the conditions to each borrowing are met. Term loan facilities are generally drawn all at once and may not be reborrowed once repaid. For a borrower’s ongoing business operations, a revolving facility that allows it to borrow and repay as needed may make more sense than receiving a one-time term loan, while a borrower may want a term loan to fund an acquisition where they will need to have the full purchase price available on the acquisition date. In many financing transactions the borrower will want access to both a revolving facility and a term loan. For example, to finance an acquisition, the borrower will likely want a term loan to finance all, or a portion of, the purchase price for the target company and after the acquisition, the borrower will likely need a revolving facility for working capital. To meet these needs, credit agreements and facilities are often divided into multiple â€Å"tranches† eachShow MoreRelatedA Note On Subprime Loans1565 Words   |  7 Pagesdeceived home buyers by promoting subprime loans, and then they passed on bundled documents to unwary investors. These subprime loans were offered at a rate above prime to individuals who did not qualify for prime rate loans. The loans were made to people who had no other way to access funds, and little understanding of the mechanics of the loan. A scholarly document on subprime lending by Hanif NuMan warns, â€Å"Servicing prime and alternative- A ( not subprime) loans, the automated underwriting systems wereRead MoreLeveraged Buyouts Essay8240 Words   |  33 Pages(Table of Contents) 1. 2. 3.LBO 4.TXU 5. LBO 6. (Overview of Leveraged Buyouts) (Mechanics of an LBO Analysis) (LBO Best Practices) (TXU Case Study) (LBO Modeling) (Homework Assignment) (Appendix) 1. Overview of Leveraged Buyouts (LBO) Overview of Leveraged Buyouts An LBO is the acquisition of a company or division of a company using debt for a majority of the purchase price and equity for the remainder. The buyer (the LBO Sponsor or Equity Sponsor) borrows the debt portion ofRead MoreSovereign Debt Crisis7683 Words   |  31 Pageshas been rate as junk bond in the market; however with the help of EU, it could actually make Greece back to track and possible paying the yield which is higher than any national bond. Minister from the other country could find this review as understanding on the policy would not work for a country in debt crisis. They should also avoid the step Greece did to prevent debt crisis in their country. This literature review will give reader an idea of the Euro debt crisis in Greece which the first EuropeanRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pagesany mistakes - mathematical or grammatical - could you please let me know? It would help me ensure that the typos do not find their way into the final version. Chapter 1: Introduction to Valuation Chapter 2: Approaches to Valuation Chapter 3: Understanding Financial Statements Chapter 4: The Basics of Risk Chapter 5: Option Pricing Theory and Models Chapter 6: Market Efficiency: Theory and Models Chapter 7: Riskless Rates and Risk Premiums Chapter 8: Estimating Risk Parameters and Costs of FinancingRead MoreBhopal Gas Disaster84210 Words   |  337 Pagesget justice for the survivors as well as cleaning up of the hazardous waste. This compilation of selected news stories covering the last four years is a small effort to highlight this campaign as reported by the mainstream media. For an i n-depth understanding of the issues see www.indiaenvironmentportal.org.in/indepth/term/2542. A comprehensive collection of these up-to-date news clippings, research papers, lab studies, reports, documents, opinions and court judgments etc have now been made available

Movie Analysis The Book of Eli - 612 Words

Critical literacy Have you ever confused or misunderstood on what’s written in the book or shown by other media? As a human, everyone must be have had this experience that really did not understood of author’s intention. That’s where critically literate citizen comes as vital role in this society. Critically literate sounds fancy or hard as it seems, but it actually easier to understand than what it sounds. Reading books or news or watching movies gives a good feelings as appreciated or bad feelings as sad or mad, yet, when feelings or emotions coming, it’s because reader understood what author’s intention was. Some people may be happy to gain so much knowledge from the books just read or watch movies because it contains meaningful messages. Either good or bad, media has always power and goal to convince readers, yet, it does not mean that readers should believe everything they have read or seen. Being critically literate means exam, search, and question on authorâ⠂¬â„¢s true purpose beyond context like â€Å"what you see is not always what you get†. Critical literate citizen responsible to seek what author’s motivation to write such context for what reason. Author constantly has a purpose which makes audience open their eyes and question, dispute or examine surroundings that they had never pay attention. Critically literate citizen would understood the author’s motivation on the article beyond the text itself. Everyone can read books or can watch news but not everyone can be aShow MoreRelatedA World Of True Blood And Twilight1349 Words   |  6 Pagesthe screech, to how her â€Å"body shook and quivered and twisted in wild contortions†. This scene is fully depicting female orgasm. Stoker solidifies it further by adding her teeth being clamped together as the orgasm progresses. Near the end of the book Stoker became more and more obvious with his insertion of sexualized material. 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The Fall of the City Free Essays

These were rounded by humbler dwellings made from matchboxes and the covers of exercise books. The streets and alleys were full of nobles, peasants and soldiers, their two- dimensional bodies scissors from paper, theirs faces and clothing drawn in crayon and lead pencil. From the turreted roof of the palace, hung a green, white and gold atrocious, the flag of the Kingdom of Pauli Somber gray eyes glinted in teddy’s pale, triangular face. We will write a custom essay sample on The Fall of the City or any similar topic only for you Order Now He shoved his hands deeper in the pockets of his worn khaki shorts. He decided that what he heard was not the rattle of rain on the roof and window, but the muffled roar of distant cannon. The armies of the Emperor Gang of Donovan were attacking the fortifications on the Upland frontier! Teddy inhaled deeply and held his breath, his thin chest pressing against his sweat shirt. His Majesty King Theodore l, resplendent In the red and black uniform of a generalissimo, emerged on the balcony of his winter palace In Thoroughbred, capital of the Kingdom of Pauli. Through the square below rode squadrons of lancers, dragoons and hussars, batteries of horse artillery; behind them marched regiments of infantry. Grasping the diamond-studded hilt of his sword. King Theodore watched his army march out to give battle to the enemy. This would be the third war between Donovan and Pauli. The first had been fought in the year 2032 and had ended in the defeat of the Emperor Gang and his imprisonment on the Isle of Hawks. But he had escaped through the treachery of Kill, Duke of Enders, a general In the upland army, and In 2043 the Donovan had invaded Pauli a second time, aided by the renegade force under the command of Kill. This time, they conquered Thoroughbred and massacred the populace before being routed by King Theodore. On the day of victory, the Duke of Enders was roughs to Thoroughbred in chains and hanged in the city square. The Emperor Gang was as evil and cunning as the If Munch about whom Teddy had read in books. Tow, astride a black war-horse, he directed his troops as they besieged For Lion on the Ocarina River. Hopelessly outnumbered, the defenders rallied behind their commander, Duke Lanai of Carla, and prayed for the coming of King Theodore . . . â€Å"Teddy! † FIFO He opened the door. Mien? † he called sulkily. â€Å"Come down here this minute and get ready for supper! How many times do I have to call you? † â€Å"Okay, okay, I’m coming’! † -?And be quick about it! † â€Å"I’m coming’, I told huh! She stood in the hall, a tall, stooped woman with tired, suspicious eyes. â€Å"Seems to me that you’re spending a lot of time in that attic. † She wiped red, swollen hands on her apron. Mimi been into some mischief up there? † He shrugged impatiently. â€Å"I anti been doing’ nothing’ -? Just playingâ€⠄¢,† he told her sullenly. â€Å"Well, young man, you better wipe that scowl off your face and march to the bathroom and get ready for supper. † miss, ma’am,† he enunciated carefully. During supper, he was scarcely aware of what he ate; he was so deep in thought hat his pork chop tasted no different from his whipped cream and Jell. Mechanically, he obeyed his aunt when she told him to take smaller bites and to take his elbows off the table. He was pondering on the tactics that would have to be used by King Theodore in relieving the siege of the fort by the river. If the Upland army crossed the Tableland marshes, they might succeed in encircling the Donovan, but there was the risk that their cannon would founder in the morass. On the other hand, if they scaled the Theodore mountains †¦ â€Å"Look what you’re doing, for heaven’s sake! † His aunt glared at him. Don’t say ‘huh† when you answer me. Look what you’ve done! You’ve spilled cream all over yourself. † Blushing, he rubbed at his sweat shirt with a paper napkin. â€Å"He’s got his head in the clouds again. † His uncle laughed mirthlessly. â€Å"Half the time, he doesn’t know whether he’s living on earth or on Mars. † Out of the corner of his eye, Teddy looked at his uncle’s round, florid face and reflected on the resemblance to Kill, Duke of Enders. â€Å"Well, he’d better smarten up if he knows what’s good for him,† his aunt grated. â€Å"If he doesn’t, I know something that will smarten him,† his uncle said. He laughed gain and reached for another helping of potatoes. Behind him, cloudy white marbles of rain slid down the window. Suddenly, a cold shiver ran down Teddy’s spine. What if the Donovan attacked Thoroughbred while the king and his army were in the mountains? Old Gang was cunning as a serpent. If .. â€Å"He spent most of the afternoon in the attic,† his aunt said. His uncle gave him a disdainful look. â€Å"He Just about lives up there, doesn’t he? † miss. I think it’s about time that one of us went up there and found out what he’s been doing. † â€Å"No! † Teddy cried sharply. His uncle laid down his knife and fork. Look here mister, I don’t like your tone of voice. Have you been up to some of your monkey-shines up there? Mimi better not be, not if you want to be able to sit down the rest of the week. † The man resumed eating. â€Å"After supper, I’ll take a look and see Just what you have been doing,† he said. As his aunt gathered up the dishes, his uncle went into the living room and sat down in his easy chair to read his newspaper. Teddy sat by the window and looked out at the rain. The sodden grass of the lawn had turned a darker green and foaming rivers of rainwater ran down the street. He shut his eyes. Here in the kitchen, he loud not hear the strumming of the rain on the roof. There was no rumble of Donovan cannon. He frowned and rested his chin in an upturned palm. Anyhow, the cannon were only playthings: scraps of cardboard held together with cellophane tape. What did it matter if his uncle saw them, or even destroyed them? But it did matter. Thoroughbred had been growing for a year and , often, it seemed more real that the town, the street and the home in which he lived with his uncle and aunt. Muffed better get at your homework. You won’t get it done by sitting there mooning out the window,† his aunt told him. Mien. He fetched exercise books and spread them on the table. His aunt and uncle did not mean to be cruel, he knew. From time to time, by their acts and words, they showed that they were fond of him. Twice that summer, his uncle had taken him trout fishing and on both occasions there had been something subtly warm between them. And sometimes he detected a hint of affection in his aunt’s voice even as she nagged him. But . His uncle stood in the doorway between kitchen and living room, his shoulders shaking with laughter. Muffed never guess what that kid has been doing up there! † He shook his head in ender and amusement. Teddy flushed and stiffened. His aunt turned from the sink where she was drying the last of the supper dishes. â€Å"What’s he been up to, now? † mound never believe it, but that great big lummox has been playing with paper dolls! † â€Å"Paper dolls! † his aunt laughed dubiously. â€Å"They anti paper dolls,† Teddy mumbled. He pushed his chair back from the table and stood up. â€Å"They looked pretty much like paper dolls to me. Paper dolls and doll houses. And eleven-year-old boy! † The man choked, trying to restrain his laughter. â€Å"The next thing we know, you’ll be wanting us to put skirts on you! † l never heard of such a thing. Paper dolls! † â€Å"They anti dolls, I told you! † Teddy’s fists were clenched, his arms stiff by his sides, his voice shaking. His uncle pointed a warning finger. â€Å"Don’t get saucy now, mister. I know paper dolls when I see ‘me. † Once again he burst into laughter. His cheeks were the color of a tomato. â€Å"Sit down and finish your homework, Teddy,† his aunt said. To his surprise, her voice was not harsh: it contained a suggestion of weary sympathy. He resumed his returned to the living room and picked up his newspaper. Paper dolls! His uncle had said that he should be dressed in skirts and hair boons. And he could never explain; they would never let him explain. Theodore, King of Pauli, and all his armies -? paper dolls! He slumped, doodling on the paper before him so that his aunt would think he was working. Yes, they were paper dolls. There was no king Theodore, no Emperor Gang, no Thoroughbred, no Pauli, no Donovan. There was only an attic full of preposterous cardboard buildings and ridiculous paper people. It was still daylight when he finished his homework. The rain had stopped, but water still poured from the elms along the street. When Teddy went through the paving room, his uncle did not speak, but he glanced up from his newspaper and grinned slyly. The boy was blushing to the roots of this hair as he opened the hall door and started up the stairs. The city was as he had left it. Yet everything had changed. Always before when he had come here, his flesh had tingled, his eyes had shone with excitement. Now there was only a taste like that of a spoilt nutmeat. He bent and seized the cardboard palace. Gritting his teeth and grunting, he tore at its walls. The corrugated board was sturdy: he was crying by the time he finished tearing it to shreds. How to cite The Fall of the City, Papers

Waterlily by Ella Cara Deloria Essay Example For Students

Waterlily by Ella Cara Deloria Essay Mn. History2-3-97Waterlily is a book based on the events that happen within a particular Dakota Indian familys life. Not only does it depict the affairs of blue Birds life and her family, but it documents the rituals and culture of the Dakota people. With illustrative words and graphic details, the incidences within the story can be visualized and understood. The story begins with the occurrences that take place with a certain individual, Blue Bird. Blue Bird is traveling with a camp of Dakotas and is carrying a baby while doing so. While on the path, Blue Bird feels it is time to have her baby and went off into the trees to have her baby. Seeing how beautiful her baby was Blue Bird exclaimed, How beautiful you are! As beautiful as the waterlillies. You to are a waterlily, my waterlily. (p. 6). Blue Bird ends up marrying a man, Star Elk, whom doesnt favor her grandmother very much. Star Elk is a lazy, jealous man who is sub-standard in Dakota male value. He demonstrates this effectively when he throws away his wife (p. 16) at a victory dance. Men werent suppose to publicly display emotion in Dakota tradition. After being publicly humiliated, Blue Bird, her grandmother and Waterlily luckily and happily ran into their familys tiyospaye. The reason why it was so fortunate is because Blue Birds parents and brothers were killed one day when Blue Bird was about fourteen. They were taken in and made to feel at home. Along with finding their family, Blue Bird also met her new husband, Rainbow. Rainbow was a good provider, hard worker and a widow who had a son. Little Chief. Together, Rainbow and Blue Bird would have two more children. One of the major customs that was most interesting was that of the Sun Dance. Here, Dakota men would fast and dance continuously. If any requests from the men to the Gods were made, the men paid back their request at this time. It was truly a dance of thanks and praise for their most fortunate gifts.