installment note

It comes in the form of five-year installment notes.

The second hurdle is for the company to turn the $13 billion installment note into cash, a process known as "monetization."

The guaranteed installment note was issued in connection with the 2004 sale of timberlands.

It would receive an installment note, or a promise to pay for the acquisition in a number of payments over a set period of time.

The timber installment notes were issued to bankruptcy remote special purpose entities of OfficeMax.

As previously announced, on July 1, 2008, the Company completed a transaction involving its installment note portfolio resulting in proceeds of $25.6 million.

Promissory notes, such as third party notes and installment notes, qualify as property under Sec.

Any nonpayment of the installment notes or related Lehman guaranty could result in a loss of this $1 million of annual net interest income.

SCIN stands for self-canceling installment note.

These installment notes were monetized through the issuance of securitization notes by the bankruptcy remote special purpose entities of OfficeMax.

Those notes were secured by Boise Land & Timber II installment notes and partially guaranteed by Lehman.

OfficeMax does not believe any outcome related to the event of default under the installment notes referenced in that filing will have any adverse impact on the company's operations.

An installment note is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific time intervals.

The Nov. 30 agreement between Pepsico and General Cinema required quick action because it was organized as an installment sale whereby Pepsi would pay with 20-year installment notes.

In the event of an impairment of the Lehman- related installment notes, recognition of a portion of the tax gain could be accelerated and the tax liability could be due earlier.

While we recorded a non-cash impairment charge related to one-half of our timber installment notes, we continue to believe that there will be no adverse impact on our operations or liquidity from the Lehman bankruptcy.

Recourse on the securitization notes is limited to the pledged installment notes and the related guaranty from Lehman Brothers Holdings Inc., and OfficeMax has no obligation with respect to the securitization notes.

OfficeMax said the difference between the amount of the installment note guaranteed by Lehman and the aggregate principal of the securitization note is $82.5 million, but it is working to determine if the charge will exceed that sum.

Consumer Loan Accounts: Credit Cards Accounts and Installment Notes – Documents 3 and 4 Disclosures regarding consumer credit are probably the most extensively regulated of all consumer financial services in the US.

("Lehman") guaranteed installment note (the "Lehman Note") and a pre-tax charge of $18.2 million for impairment of the interest receivable related to the Lehman Note, neither of which is considered indicative of core operating activities.

Accordingly, a "best practice" would seemingly envision a conscious determination as to the extent of required disclosures prior to submission of an application by the consumer.22 By comparison, installment notes are generally easier to make "consumer-friendly", although they still often remain quite lengthy.

The notes were valued at par with certain recourse provisions requiring the Company to purchase the underlying homes securing the installment notes upon the event of default of an installment note and subsequent repossession of the home.

As stated in the September 18, 2008 Form 8-K, the aggregate principal amount of the securitization notes held by one of the OfficeMax special purpose entities is $735 million, secured by $817.5 million aggregate principal of Lehman-related installment notes and the Lehman guaranty.

First Boston's short-lived proposal to help finance the purchase of RJR Nabisco with $13 billion of installment notes would have relied on its ability to organize RJR's current assets and receivables in such a way that they could have been used to create asset-backed securities.

In the event of an impairment of the Lehman-related installment notes, OfficeMax could incur a non-cash earnings charge of up to $82.5 million, which represents the difference between the proceeds due from the Lehman-related installment notes and securitization notes.