Posted by:

Onlinetutor365
Rating (115): C-
Questions Asked: 0
Tutorials Posted: 1293, earned $1,804.71

 

A:

Preview: ... nts with certain of its lessors that guarantee the lease payments of certain assignees of its facilities to lessors Financial effect Yes The maximum amount that Nortel may be required to pay under these types of agreements is $48 as of December 31, 2004 Indication of the uncertainty Yes Historically, Nortel has not made any significant payments under these types of guarantees Possibility of reimbursement Yes Nortel generally has the ability to attempt to recover such lease payments from the defaulting party through rights of subrogation               Third party debt agreements Description and nature Yes These third party debt agreements require Nortel to make debt payments throughout the term of the related debt instrument if the customer fails to make scheduled debt payments Financial effect Yes The maximum amount that Nortel may be required to pay under these types of debt agreements is $7 million as of December 31, 2004 Indication of the uncertainty Yes No liability has been accrued in the consolidated financial statements with respect to the obligations associated with these financial guarantees as of December 31, 2004 Possibility of reimbursement No No reference in text               Indemnification of banks and agents under credit facilities Description and nature Yes Nortel had agreed to indemnify the banks and agents under its credit facilities against costs or losses resulting from changes in laws and regulations which would increase the banks' costs or reduce their return and from any legal action brought against the banks or agents related to the use of loan proceeds Financial effect Yes Nortel is unable to estimate the maximum potential liability for these types of indemnification guarantees Indication of the uncertainty Yes Historically, Nortel has not made any significant indemnification payments under such agreements and no significant liability has been accrued Poss ...

The full tutorial is about 1285 words long .

Posted by:

JillatUniversityofPh
Rating (510): B
Questions Asked: 6
Tutorials Posted: 1283, earned $2,958.45

 

A:

Preview: ... payments under these types of guarantees Possibility of reimbursement.Pepsi generally has the ability to attempt to recover such lease payments from the defaulting party through rights of subrogation.  Third party debt agreements Description and nature Yes These third party debt agreements require Nortel to make debt payments throughout the term of the related debt ins ...

The full tutorial is about 281 words long .