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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc.

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To: Janice Shell who wrote (68)10/14/1999 5:12:00 PM
From: tonto   of 228
 
Which cash instrument will they use? Or will the conditions not be met? <s>

The U.S. Guarantee Corp. has agreed through cash instruments to fund $70 million within 5 business
days, $75 million within 30 days, $75 million within 60 days, $80 million within 90 days, and $100
million within 120 days of the first payment. The U.S. Guarantee Corp. funding is conditional upon
the following: That all bank guarantees are free and clear of leans, hypothecation, and encumbrances.


2.Cash: Ready money; especially, coin or specie; but also applied to bank notes, drafts, bonds, or any paper easily convertible into money.

cash n 1: money in the form of bills or coins 2: prompt payment for goods or services in currency or by check [syn: immediate payment] [ant: credit] v : exchange for cash [syn: cash in]
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