Author: LegalEase Solutions Introduction A bond is issued in exchange for $1,000. Issuer must pay the bondholder a certain percent each year until maturity, whereupon the bondholder gets the $1,000 … Continue reading “Research on Intentional Default and Enforceability of Prepayment Premium”
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The Law of “Change in Control” Provisions in Bonds
Author: LegalEase Solutions Introduction The development of “change of control” provisions in bonds can be traced to the much publicized bondholder losses in the RJR Nabisco leveraged acquisition in 1988. [1] … Continue reading “The Law of “Change in Control” Provisions in Bonds”
Research on Law Relating to Interpretation of Bond Indentures I – New York
Author: LegalEase Solutions Introduction Our client, a New York Attorney, specializing in interpreting bond indentures for investors, would like to know how New York courts interpret specific restrictive clauses in … Continue reading “Research on Law Relating to Interpretation of Bond Indentures I – New York”
Research on Law Relating to Interpretation of Bond Indentures II – New York
Author: LegalEase Solutions Introduction How courts would interpret law relating to bond indenture. The Indenture has a definition of Senior Debt, which explicitly excludes: “any accounts payable or other liability … Continue reading “Research on Law Relating to Interpretation of Bond Indentures II – New York”