I do not think this general insolvency, which involves in some sort all the population, to be the reason of the difficulty experienced at Christmas and New Year and other times, in bestowing gifts; since it is always so pleasant to be generous, though very vexatious to
pay debts.
But why did the clerks at the bank let him have them--they ought to have known that you had all this money to pay, and people cannot well
pay debts without money.
The 'AAA' and 'AA' ratings on the bonds reflect the credit quality of the trust estate's collateral, the adequacy of projected revenues to
pay debt service, the credit enhancement provided by the 28% debt subordination at time of issuance underlying the class I bonds, and the 24% debt subordination underlying the class II bonds.
Chief Financial Officer Ben Wells said, "Our operational cash flow remains strong, which has allowed us to
pay debt in order to reduce interest expense.
The rating on the bonds reflects the obligation of Merrill Lynch to deliver gas (or provide sufficient financial compensation, as required by the prepaid gas agreement, if gas is not available, including a force majeure event) so that payments from the city are sufficient (along with commodity swap netting payments and income from the forward purchase agreement) to
pay debt service on the bonds.
The 'A+' rating is based on the credit strengths of the Northeast Georgia Health System (NGHS) as well as those of Hall County given the added security provided by the county's legal commitment to
pay debt service if hospital revenues are insufficient.
The 'AAA' and 'AA' ratings on the bonds reflect the credit quality of the trust estate's collateral, the adequacy of projected revenues to
pay debt service, the credit enhancement provided by the 26% debt subordination at time of issuance underlying the class I bonds, and the 21% debt subordination underlying the class II bonds.
The rating on each series of bonds reflects the obligation of the supplier to deliver gas (or provide financial compensation if gas is not available) in order that payments from the participants are sufficient (along with commodity swap netting payments) to
pay debt service on the bonds.
The delivery of gas by the supplier triggers the participants' obligation to TEAC such that payments from the participants for the delivered gas are sufficient (along with commodity swap netting payments) to
pay debt service on the bonds.
The 'AAA' and 'AA' ratings on the bonds reflect the credit quality of the trust estate's collateral, the adequacy of projected revenues to
pay debt service, the credit enhancement provided by the 27% debt subordination at time of issuance underlying all of the class I bonds, and the 22% debt subordination underlying the class II bonds.
This LOI was supposed to have been used to
pay debt service in Janaury 2006 leading to a shortfall in monies available for debt service going forward.
1 2006, fare revenues have failed to grow to levels sufficient to
pay debt service and available internal liquidity is expected to be drained more rapidly than was previously estimated.
Revenues are collected in a lock box controlled by the trustee and are used to
pay debt service of FGR and SGR bonds before operations and maintenance (O&M), which differs from the practice for most U.
The long-term 'AAA' and 'AA' ratings reflect the credit quality of the trust estate's collateral, the adequacy of projected revenues to
pay debt service and the credit enhancement provided by the 16% and 10% debt subordination underlying the class I and II bonds, respectively.
The city has covenanted to annually levy special assessments to
pay debt service on the bonds.
