Word: payments
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Dates: during 1980-1989
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...Bond was trying to shift more than $9 billion in debt. When payment on Sotheby's bridging loan of $27 million fell due, he could not meet it, and Sotheby's rolled it over for another year...
...idea of packaging an option on Irises, in the event that Dallhold Investments -- the holding company through which Bond owned the picture -- defaulted. The auction house rejected this proposal. In late 1988 Bond himself reportedly tried to pass off Irises to the New York megadeveloper Donald Trump as partial payment on a $180 million deal for the St. Moritz Hotel. Trump, no collector, said the painting was worth only $30 million and turned him down...
...black candidates, Wilder garners just enough white votes to win a narrow victory. His crossover strategy: soft-pedal race and stress abortion rights. -- Why both sides are downplaying a U.S. payment to Iran. --Kitty and Mike Dukakis suffer a nightmare year...
...spokesperson Katalin Mitchell said the grant, which is composed of a $120,000 lump sum payment and a commitment to match up to $30,000, was awarded in September, after the theater company submitted its proposal for the program. A total of 53 groups were competing for the grants, Cherry said...
Hank Frothingham, Bank of Boston director forinternational capital markets and one of two IOPpanel respondents, disagreed, saying payment atsecondary rates is not a fair compromise.Frothingham instead said he backed tougher LatinAmerican debt servicing terms, drawing an analogyto Chapter 11 in America, which allows lenders toplace longterm claims on borrowers' assets whilethey reorganize their management under supervisionby authorities...