41.   Current bond terms require that all bond holders agree.

42.   Financial markets have been roiled in recent weeks by fears that Argentina would force foreign bond holders to write off part of the debt.

43.   He also did not answer questions as to whether Fokker bond holders are threatening legal action.

44.   However, the company has said that it had obtained an extensionfrom bond holders to service the payment.

45.   In addition, Russia announced a debt restructuring plan that left bond holders with securities producing yields way below what investors had been getting.

46.   In contrast, France has a bankruptcy system that fails to protect bond holders.

47.   In such cases, the ground rules must be maintained, i.e. the existing promoters, stakeholders and lenders must rank subordinate to bond holders in the bond document.

48.   Several bond holders have sold their bonds and accepted huge losses because they are worried about the expected returns.

49.   The bet is for the market to improve and hopefully, warrants will be exercised to pay off bond holders.

50.   The biggest problem currently is that the bonds sold by foreign nations to investors require that all bond holders agree to any debt restructuring plan.