Lender forecloses on old racetrack land Nov 12, 2008
MKA became the secondary lender on the property under a subordination agreement when Irongate borrowed $11. 75 million from on Dec. 29, 2006. (Pacific Business News, HI)
Advantage Announces 1st Quarter Results 2008 May 15, 2008
The depletion, depreciation and accretion ("DDovision has increased 20% for the three months ended March 31, 2008 compared to 2007 due to considerable increases in daily production volumes, mainly from the Sound acquisition. On a per boe basis, DDonly increased 4% as increases in our fixed assets from prior acquisitions and development activities have resulted in proved reserve additions similar to prior experience. We evaluate the recoverability of our petroleum and natural gas assets each... (PR Newswire)
Cinch Energy Corp. Releases First Quarter 2008 Results May 13, 2008
As collateral for the facility, the Company has provided a general security agreement with the lender constituting a first ranking security interest in all Company property and a first ranking floating charge on all real property of the Company subject only to a subordination agreement to another bank for the amount of, and as security for, a capital lease (see note 5) ... As collateral for the bank credit facility, the Company has provided a general security agreement with the lender... (CCNMatthews Press Releases)
Niles City to tackle long list on Monday's agenda Jan 12, 2008
The board will also be asked to approve a subordination agreement between the City of Niles and A. Marie Majerek and Thaddeus (Ted) Majerek for property at 313 East Main St. in order to facilitate the sale of property at 207 North Third St.. Also, the board will be asked to appoint or reappoint individuals to different boards in the city. (Niles Star, MI)
Niles City approves all agenda items Oct 24, 2007
A request from Tom Majerek to allow a subordination agreement for an existing mortgage in the amount of 50,000 for the property at 217 E. Main St.. A request to bid on the noxious weed contract from Jack Frost, a City of Niles firefighter. (Niles Star, MI)
City to consider transformer purchase Oct 23, 2007
Consideration of approving a request from Mr. Tom Majerek to allow a subordination agreement for an existing mortgage in the amount of 50,000 for the property at 217 E. Main St.. Consideration of approving a request to bid on the noxious weed contract from Jack Frost, a City of Niles firefighter. (Niles Star, MI)
Housing Counsel: Explaining Subordination Jul 9, 2007
Accordingly, you were asked to enter into a "subordination agreement" whereby you -- and the HELOC lender -- agree that the HELOC will remain in second place ... The process to obtain a subordination agreement usually takes a couple of weeks, since it has to be signed by the HELOC lender. (RealtyTimes)
City may add restaurant liquor licenses Jul 3, 2007
-- Authorizing a subordination agreement for a past loan to a business from the city s revolving loan fund, which is used to promote economic development. -- Authorizing temporary street closures on July 28 for the Boy Scouts of America Soap Box Derby and on Oct. 20 for the Festival of Frights. (Mattoon Journal-Gazette, IL)
Harrisburg Council ponders 'why now' and grants Midwest request May 10, 2007
The subordination agreement already had been approved by the County Board but it had been disallowed by the Regional Planning board. Harper's stance: The actions on the subordination should not have been on a piecemeal basis and should have been coordinated with all the agencies involved. (Harrisburg Daily Register, IL)
City's new council quickly tossed difficult challenges May 5, 2007
The new council also was hit by a difficult financing decision when Midwest Fabrication representative Jim Elllis asked the city to grant a subordination agreement on a city revolving fund loan to the company. The matter is complicated because the rapidly growing firm has loan agreements with several governmental agencies. (Harrisburg Daily Register, IL)
Advantage Announces Release of Fourth Quarter and Year Ended December 31, 2006 Financial Results and Reserves Mar 23, 2007
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