stevio
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Post by stevio on Dec 5, 2016 16:56:45 GMT
ablrate - Few questions: - I presume the leases would be in the name of the SPV? - What happens if the lease defaults? (ie would they be replaced) - What happens if the SPV defaults? (ie would there be step in rights for Ablrate on the leases) - Should the leases need to be taken over, would they be seen to term as the main income from the leases appear to come at the end of term, if not, what value do the leases have if NOT kept till term?
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huxs
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Post by huxs on Dec 6, 2016 8:54:03 GMT
I am not sure I understand what the Security is on this one is it the rental income for the leases or the end of lease expected profit?
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stevio
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Post by stevio on Dec 13, 2016 20:07:33 GMT
ablrate - Few questions: - I presume the leases would be in the name of the SPV? - What happens if the lease defaults? (ie would they be replaced) - What happens if the SPV defaults? (ie would there be step in rights for Ablrate on the leases) - Should the leases need to be taken over, would they be seen to term as the main income from the leases appear to come at the end of term, if not, what value do the leases have if NOT kept till term? ablrate its a shame that loan queries don't seem to get responses anymore or take weeks for a reply........
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ptr120
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Post by ptr120 on Dec 13, 2016 21:09:16 GMT
Yes, disappointing. The container company was due in court on Monday morning and we have no idea what (if anything) happened. Comms at Ablrate have slipped of late
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