1. A month ago the company said it only had enough cash on hand to cover obligations through the end of the year. 2. But Mexico was able to use the aid package to cover its obligations. 3. Ebbers has said he will repay loans by selling other assets, but he has never identified other sources of wealth large enough to cover his obligations. 4. Half the money would be available almost immediately and could be used to cover bond obligations, the officials told investors. 5. If all of the bondholders decided to convert their investments to dollars, the government does not have the money to cover its obligations. 6. In a follow-up question, though, he allowed that the backstop was not intended to cover general obligations, the investors said. 7. Of course states do have the power to tax to cover debt obligations. 8. Soaring interest rates have made the cost of money too expensive for many banks and brokerages to cover obligations from stock and bond trading. 9. That examination made it clear that the fund would not be able to cover its obligations if it were forced to hurriedly liquidate its positions. 10. The Mexican government, facing a big budget deficit, used the international loans to cover short-term obligations on bonds known as tesebonos. |