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Old 08-08-2006, 05:02 PM   #4336
J. Fred Muggs
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Quote:
Originally posted by taxwonk
I find it's a commonplace occurrence among people sufficently unmemorable that noone bothers to learn their name.
I agree fatso
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Old 08-08-2006, 05:04 PM   #4337
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What do peacocks eat?

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Originally posted by NotFromHere
I'm not a big Syrah fan. Don't know why. I guess I just don't like the earthiness or something.
We did have a really nice 2000 Northstar Merlot the other night, and a Washington Cabernet that was really tasty and I can't seem to remember what it was.
It's all good. I like the Syrah, the CAb and the Merlot. I know one of the suppliers of the grapes for Northstar. Good stuff.
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Old 08-08-2006, 05:05 PM   #4338
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Originally posted by NotFromHere
IAccording to the Web site, hopefuls can be accompanied to the audition by a friend or relative and can tote in items such as blankets and water. On the banned list: alcoholic beverages, illegal drugs, animals and hair dryers.

I wonder why the ban on hair dryers?
Probably because simultaneous use of like a zillion of them would short out the electrical system. Or would create a ton of heat, and overload the climate-control system, for the ones in the south in August.
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Old 08-08-2006, 05:09 PM   #4339
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Quote:
Originally posted by ThurgreedMarshall
I've heard this bluff on conference calls many times. Not once has a deal cratered because of some shit like this. And if the indemnity issue was ever big enough for a borrower to crater a deal, we would be fairly certain the right decision was made.

TM
Yes and no. I don't think I have seen a deal crater over this, but I have seen borrowers later either refi the portfolio away from the lender, in part because the crappy aftertaste; or direct future lending related to other parts of their holdings to other lenders and specifically not entertain term sheets from the first lender, again, because of the shitty aftertaste from prior deals.

YMMV.

that said, I can see the benefits to being lender side and being able to cram shit down.
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Old 08-08-2006, 05:10 PM   #4340
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What do peacocks eat?

Quote:
Originally posted by Tyrone Slothrop
Did it come in a box? Washington State is getting a reputation for boxed wines lately.
Wow, you can scarcely post a word without a malicious lie coming out. Just for that bucko, if you ever come to Seattle it's boxed wine for you, Columbia Crest. I'll be saving the DeLille and Leonetti for NFH. At least he'll appreciate it.
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Old 08-08-2006, 05:13 PM   #4341
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What do peacocks eat?

Quote:
Originally posted by NotFromHere
And the likelihood of getting a Washington wine in California (outside of Columbia Crest and Ste. Michelle) is low.
Yes, CA sees the writing on the wall and is relying on anti-competitive measures to avoid having its citisenry exposed to the PacNW's superior winemaking.
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Old 08-08-2006, 05:18 PM   #4342
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What do peacocks eat?

Quote:
Originally posted by Penske_Account
Wow, you can scarcely post a word without a malicious lie coming out. Just for that bucko, if you ever come to Seattle it's boxed wine for you, Columbia Crest. I'll be saving the DeLille and Leonetti for NFH. At least he'll appreciate it.
Why so defensive? I'm sure some of those Washington State boxed wines are excellent, especially when you consider that you could be drinking wines made by Old South Winery in Natchez, Mississippi.



Note the traditional tin roof, used to make sure the wine ages at optimum temperatures:

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Old 08-08-2006, 05:42 PM   #4343
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Nothing to see here.

Move along.


Last edited by str8outavannuys; 08-08-2006 at 05:47 PM..
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Old 08-08-2006, 05:43 PM   #4344
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Quote:
Originally posted by Penske_Account
Yes and no. I don't think I have seen a deal crater over this, but I have seen borrowers later either refi the portfolio away from the lender, in part because the crappy aftertaste; or direct future lending related to other parts of their holdings to other lenders and specifically not entertain term sheets from the first lender, again, because of the shitty aftertaste from prior deals.
True. I've seen this happen, but it's usually over something significant and ongoing. And there are also some borrowers who are such a good credit that they can dictate a lot. But for the most part, institutions don't want that precedent floating out there that significantly contradicts their form.

Where is ncs, anyway?

TM
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Old 08-08-2006, 05:44 PM   #4345
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Originally posted by J. Fred Muggs
I agree fatso
Thanks, Chimp.
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Old 08-08-2006, 06:04 PM   #4346
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Quote:
Originally posted by ThurgreedMarshall
True. I've seen this happen, but it's usually over something significant and ongoing. And there are also some borrowers who are such a good credit that they can dictate a lot. But for the most part, institutions don't want that precedent floating out there that significantly contradicts their form.

Where is ncs, anyway?

TM
I can no longer stand talking about work in the course of my work. I'm certainly not going to talk about it here.

Did we ever determine how much money a person needs to have in the bank before they can just up and walk out one day? Can you tell I am less than 3 weeks away from my much-needed vacation?
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Old 08-08-2006, 06:07 PM   #4347
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Quote:
Originally posted by notcasesensitive
I can no longer stand talking about work in the course of my work. I'm certainly not going to talk about it here.

Did we ever determine how much money a person needs to have in the bank before they can just up and walk out one day? Can you tell I am less than 3 weeks away from my much-needed vacation?
where you going? any place nice?
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Old 08-08-2006, 06:10 PM   #4348
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What do peacocks eat?

Quote:
Originally posted by Tyrone Slothrop
Why so defensive? I'm sure some of those Washington State boxed wines are excellent, especially when you consider that you could be drinking wines made by Old South Winery in Natchez, Mississippi.

http://www.newu.net/images/wine_group.jpg

Note the traditional tin roof, used to make sure the wine ages at optimum temperatures:

http://www.newu.net/images/OSW_cornershot.jpg
Ty,

Clear your head from its interweb of lies and deceptive thoughts and think outside the box. There are plenty of fine regional wineries outside of Washington (including in CA and even CT ). Don't be a snob. And a liar.
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Old 08-08-2006, 06:11 PM   #4349
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Quote:
Originally posted by ThurgreedMarshall
True. I've seen this happen, but it's usually over something significant and ongoing. And there are also some borrowers who are such a good credit that they can dictate a lot. But for the most part, institutions don't want that precedent floating out there that significantly contradicts their form.

Where is ncs, anyway?

TM
Yeah, you guys are probably all lender side though. Bully!
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Old 08-08-2006, 06:17 PM   #4350
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Quote:
Originally posted by taxwonk
We cratered a deal over an indmnity provision just once. It was a REIT acquisition and the seller wanted an indemnity for the period when they were responsible for meeting the statutory requirements. We figured that if they were that worried about it, there had to be a fuck-up hiding somewhere in the woodpile.
I saw a different variety of indemnity provision fuck up a settlement. A rEdiculous dude in my firm demanded indemnification for liability caused by the most absurdly esoteric potential claim a third party might (BIG "might") have been able to theretically raise against our client arising from the contract between my client and the plaintiff. Five months of hard work to force a great settlement on the plaintiff down the tubes. Plaintiff aborted negotiations and asked the judge to relist the case for trial. My brilliant collegue's move cost the client a pile of cash when the client had to settle again later, just before trial.

He couldn't wrap his mind around the idea that there could exist any risk in a settlement. The risk was so miniscule, but he viewed everything so theoretically. The idea of not having the settlement perfect - the way he thought it needed to be - was a non-starter for him (that the client was willing to accept the risk didn't even matter).
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