Word: offsets
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Chase responded that the Iranian statement was not correct. It and the six other U.S. banks in the syndicate voted, over the protest of the four non-U.S. banks involved, to declare the default. The U.S. banks could use the Iranian assets frozen a week earlier to offset their own $300 million share of the loan, but the non-U.S. banks (two Swiss, one British and one Canadian) had no such recourse. Their only options were either to activate a so-called cross default clause and foreclose on the Iranian government in court for the remaining $200 million...
Along a large crack, corresponding layers of rock were offset vertically-in some places by as much as 1,000 meters (3,300 ft.). In other words, a break had occurred and some of the rock sank. Apparently, at some time in the remote past, the rock had been uplifted-perhaps by volcanism...
...Shakespeare's histories. And among performances of Shakespeare, the Mather Drama Society's production does not stand out either. But strong performances by Jon Isham as Phillip the Bastard and Alexander Coxe Pearson as King John hold the play together. The major strengths in director Katherine Ashton's cast offset the weaknesses in Shakespeare's work to make this King John worth seeing...
...Carter's powers of incumbency ?his control of the party machinery in many states, of federal patronage and funds?are offset at least in part by strengths that Kennedy inherited from his brothers. Says Theodore White: "The shadow legions of the Kennedys stretch from Maine to San Francisco. Just as Ezekiel's prophecy had the power to wake the dead, the Kennedy name will bring out the people who remember the old days with the sentiment of youth...
...less than one-third, and all of that comes from trucks. In fact, Ford suffers from a milder case of the problem that afflicts Chrysler: Americans have not been buying big, heavy cars. But unlike Chrysler, Ford is earning money because it has hugely profitable overseas operations that easily offset the domestic losses...