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However, a group of debenture holders had not yet been paid.
This placed the debenture holders in a strong position.
It also helped that the company is paying off its many debenture holders in stock, rather than cash.
This was opposed by some of the debenture holders, and the company went into receivership in 1907.
Furthermore, only debenture holders are permitted to sell their tickets to third parties.
Debenture holders are creditors of the company.
In that case a debenture holder had appointed a receiver, and the directors were allowed to bring a case against him.
Payment of interest is made to the debenture holder at a specified rate and at clearly defined intervals.
Debentures are generally freely transferable by the debenture holder.
Losses accumulated until the company's debenture holders opted for voluntary liquidation in January 1878.
In the Netherlands, litigation was ongoing meaning this sum could have been insufficient to meet the claims of the debenture holder.
In case of dissolution of firms debenture holders are paid first as compared to shareholder.
However, the company liquidator argued that the accountants should only be paid after preferential creditors and debenture holders.
Members and debenture holders have a right to receive or demand copies of accounts and any related auditor's report.
The interest paid to debenture holders is deductible when calculating taxable profits, unlike dividend payments.
We have now received a list of debenture holders of this line, which we feel sure sure will interest our readers.
Debenture holders had been given until June 8 to convert the debt into stock, and $156 million of the debt was converted.
The new stand was to include 5,200 seats, some reserved for long-term debenture holders, 16 corporate hospitality boxes and a new bar.
The company's chairman, Arthur Goldberg, said the company was discussing "restructuring alternatives" with lenders, debenture holders and banks.
The ruling came in response to Harcourt's request for clarification of the rights of debenture holders.
First, Parliament gave statutory recognition and reinforcement to the existing regime of contractual receivers appointed by debenture holders which had operated for the public benefit.
Does an audit exempt LLP still have to send accounts to its members and debenture holders?
Under the judge's ruling, each debenture would be convertible into 132 common shares, instead of the 1,000 shares that the debenture holders sought.
Our trade creditors were soon to find themselves involuntarily in the position of debenture holders, and I must say that they were all extraordinarily good about it.
Debenture holders will be offered $175 in cash, 10 common shares and $400 in new 13 1/2 percent senior subordinated notes due 1996.