The penal bond with conditional defeasance ( hereinafter referred to as a "'conditional bond "', conditional penal bond, or penal bond ) first arose in England during the 1340s / 1350 s.
22.
Several state-owned financial institutions, including commercial bank Credit Lyonnais SA, corporate lender Comptoir des Entrepreneurs SA, and GAN have escaped bankruptcy only by shifting bad real-estate assets off their books to defeasance companies.
23.
Aulagnon declined comment on a report in French business daily Les Echos that the property of the two defeasance companies, called Parixel and Baticredit, was sold at less than a quarter of their 3 billion franc book value.
24.
After the refinancing of its bonded debt resulted in a " defeasance " loss for accounting purposes, respondent health care provider ( hereinafter Hospital ) determined that it was entitled to Medicare reimbursement for part of that loss.
25.
Although the refinancing will result in an estimated $ 12 million saving in debt service costs, the transaction did result in an accounting loss, sometimes referred to as an advance refunding or defeasance loss, of $ 672, 581.
26.
Another possibility is that the holder of a floating charge may have the same quality of proprietary interest as a fixed chargee, but one that is subject to defeasance or overreaching by permitted dealings by the chargor with the charged assets.
27.
The commission's demand extended to two " defeasance " companies-- state-guaranteed shells set up specially in 1994 to hold 18.1 billion francs of dubious GAN's property assets for sale over 15 years.
28.
Because the Secretary's regulations do not bind her to make Medicare reimbursements in accordance with GAAP, her determination in PRM s233 to depart from GAAP by requiring bond defeasance losses to be amortized does not amount to a substantive change to the regulations.
29.
However, because the Secretary's regulations do not bind her to make Medicare reimbursements in accordance with GAAP, her determination in PRM s233 to depart from GAAP by requiring bond defeasance losses to be amortized does not amount to a substantive change to the regulations.
30.
There is however disagreement among legal logicians whether " defeasible reasoning " is central, e . g ., in the consideration of " open texture ", precedent, exceptions, and " rationales ", or whether it applies only to explicit defeasance clauses.
