Examples of Old Debentures in a sentence
Examples of countries in the sample in which stock market liberalisation preceded banking system liberalisation are Brazil, Hong Kong, Malaysia, Thailand and Venezuela.There is also support for the hypothesis that governments may be lobbied by the manufacturing and agricultural sectors for continued financial repression, or indeed by a competitive services sector for increasing liberalisation.
Accordingly, during the second quarter of fiscal year 2007, $93 million of New Debentures and $1 million of the Old Debentures were reclassified from short-term borrowings to long-term debt as a result of the September 2006 put option expiring.
Twelve months prior to the put options becoming exercisable, the remaining balance of the New Debentures and the Old Debentures will be classified as short-term borrowings.
Tenders of Old Debentures in the Exchange Offers may be validly withdrawn at any time prior to 5:00 p.m., New York City time, on August 9, 2012, subject to extension by the Company, but not thereafter, except in certain limited circumstances where additional withdrawal rights are required by law.
The terms of the New Debentures are consistent with the terms of the Old Debentures noted above, except that: (i) the New Debentures require us to settle all conversions for a combination of cash and shares of our common stock, if any, in lieu of only shares.