Lack of Operational Risk: There is no performance risk associated with this transaction due to the obligation by MSCG to schedule, sell and deliver annual quantities of energy or pay liquidated damages as set forth by the mirror PPA.
Security The bonds are secured by a first security interest in all rights, title and interest in all assets, including the right to sell energy to PSE&G, the right to purchase energy from MSCG, the Morgan Stanley Dean Witter guarantee and all cash accounts.
Subsequent to SemFuel's bankruptcy proceedings, MSCG
claimed that it canceled its book order prior to its effective date of July 21.
SECURITY: The bonds are secured by a first security interest in all rights, title and interest in all assets, including the right to sell energy to PSE&G, the right to purchase energy from MSCG
, the Morgan Stanley Dean Witter (MSDW) guarantee and all cash accounts.
Upon our payment of the remaining capital expenditures to complete the approved capital projects and our receipt of payments from MSCG
upon completion of certain of the capital projects, we currently expect to have approximately $70 million in available capacity under our senior secured credit facility.
Under the product off-take arrangement, MSCG
will purchase from PBF's affiliates all of the transportation fuels produced at the two refineries along with intermediates and certain specialty products.
"), we expect to receive payments through March 31, 2010, from MSCG
in the range of $5 million to $15 million, which are due and payable upon completion of certain of the capital projects referred to above.
Through this agreement, BTMU will be able to refer clients to MSCG
for commodity transactions and receive referral fees upon deal completion.
"), we expect to receive total payments from MSCG
in the range of $25 million to $30 million, which are due and payable upon completion of certain of the capital projects referred to above.
UCF purchases energy from MSCG
, an indirect wholly owned subsidiary of Morgan Stanley, and resells the energy to PSE&G under long-term contracts.
NCGA will enter into a gas purchase and sale agreement with MSCG
, which, in exchange for a prepayment amount to be received at bond closing, will unconditionally obligate the supplier to provide NCGA a specified 20-year supply of natural gas.
OTCBB:GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, today announced the appointment of Steve Peters as GVI Regional Sales Manager - Canada and entered a new representation partner agreement with MSCG
of Delta, British Columbia, Canada to represent the full line of GVI Security products throughout the Western Canadian provinces of British Columbia, Alberta, Saskatchewan and Manitoba.