But so far, the restructuring agreements have been largely consensual.

President Jamil Mahuad said the nation would use a 30-day grace period to work out a restructuring agreement with creditors.

Pinnacle West, primarily an electric utility company, said the restructuring agreement extends the maturity date on its debts by two years.

If the down payment is made, and the restructuring agreement is signed, the state of default would be lifted, bankers said.

The line was renamed the Spokane International Railroad as part of the restructuring agreement until the 1950s.

Under a new financial restructuring agreement, the city contributed $278 million to the corporation in this year's budget.

Allan Taylor, president of the Royal Bank, said yesterday that he had hope for a successful restructuring agreement.

The final list of investors accepting the restructuring agreement on defaulted Treasury debt is expected to be established by late Thursday.

"It was a courtesy meeting to review the restructuring agreement prior to its filing," Mr. Gonring said.

In 1998 a restructuring agreement was finally reached between the company, its creditors, and the government.