Sentences with phrase «lockbox funds»

The UK Pension Claimants were the only party to the allocation trial that argued for a pro rata allocation of the Lockbox Funds as its sole allocation position.

TGF acts as Canadian counsel for the UK Pension Claimants which was the lead respondent opposing attempts by various US parties to appeal the Allocation Decision to the Court of Appeal, and had argued at trial for a pro rata allocation of the Lockbox Funds.

With respect to whether the issues on appeal were significant to Nortel's CCAA proceeding, the Court of Appeal accepted that the allocation of the Lockbox Funds was significant to Nortel's CCAA proceeding.

Second, the moving parties argued that Justice Newbould erred in finding that an agreement which addressed transfer pricing tax issues between certain Nortel debtors while they were engage in ongoing operations (the «Master R&D Agreement» or «MRDA»), and which had formed the basis of the appellants» theory of allocation at trial, was never intended to and did not govern the allocation of the Lockbox Funds.

She wants to create a lockbox fund for tax revenue generated from opioid surcharges that drug manufacturers now have to pay.

Despite the fact that a pro rata allocation of the Lockbox Fund was a novel solution that had not arisen in other global insolvency proceedings, both Courts found that they had the jurisdiction to order such a remedy in light of the unique circumstances of the case.

In 2013, after several failed rounds of formal mediation, the Canadian and US Courts directed the allocation of the Lockbox Fund to be determined by way of a historic and precedent - setting joint trial before the two Courts.

Not exact matches

With six lockbox sites throughout Canada, we can help you process your collections efficiently, obtain data on your funds availability, and maximize your cash flow.

Sen. Marty Golden and Assemblyman James Brennan have re-introduced a so - called «lockbox» bill that would apply to all mass transit funding after Cuomo neutered their original MTA - only measure.

Since 2011, Reinvent Albany and numerous advocacy, business and labor organizations have supported a series of «lockbox» bills that would make it more difficult for the governor to divert funds dedicated to public transit to the General Fund or other purposes.

Before the Assembly had passed the lockbox bill, an anonymous transit advocate also told Transportation Nation's Jim O'Grady, «We're hearing that Cuomo is blocking the lockbox bill so that he can retain the ability to steal transit funds.

The transit lockbox bill, which would require Albany to disclose the impacts of any raid of dedicated transit funds, passed both the Senate and Assembly unanimously in the final days of the legislative session, reports the Tri-State Transportation Campaign.

Assembly Member Jim Brennan and Senator Marty Golden, the bipartisan sponsors of the transit funding lockbox bill, stood today with a broad coalition of transit advocates in the -LSB-...]

To ensure that doesn't happen De Blasio recently demanded a «lockbox» to ensure amassed funds go exclusively to city transit.

The MTA needs a real lockbox so our misguided governor doesn't keep raiding its funds.

The transit lockbox bill, designed to prevent future raids on dedicated transit funds, has passed the State Assembly, according to the Assembly's website.

Even without a strong lockbox, the members of the legislature shouldn't be allowed to renege on their stated support for keeping dedicated transit funding dedicated to transit.

Since no law short of a constitutional amendment could completely stop future legislatures from raiding the MTA's dedicated funds, the most important provision in the lockbox bill required the creation of a «diversion impact statement» whenever a raid was commenced.

Though the state legislature was expected to work well into the morning last night, dealing with major priorities like rent regulation and gay marriage in addition to lower - profile but still - important bills like the transit funding lockbox, the negotiated deals fell apart and the legislature put off all its business until this morning.

The plan would also reinstate a «lockbox» to limit the diversion by the state of any new MTA revenues for other purposes and would create a work group to assess the adequacy of public transportation in the city and its funding.

We can not allow money intended for transportation to be used elsewhere,» she said, adding that she supports a transportation fund lockbox, which would secure money for transit improvements.

Hartzog tried to float arguments that de Blasio has put forward — that the state should fund the MTA and new MTA revenue streams should include «lockboxes» to keep the money in the city, and that the administration had made unprecedented investments in NYCHA in the absence of federal and state funds.

The state should borrow a page from Al Gore's playbook on entitlements and put the funds in a «lockbox» to be used only for infrastructure — and only for infrastructure the state wasn't otherwise planning to do out of the regular budget.

The funding will be dedicated to an MTA «lockbox» and offer long - term funding to support the subway action plan unveiled by Metropolitan Transportation Authority (MTA) Chairman Joe Lhota, transit improvements in the outer boroughs and a general transportation account for the city.

HARTFORD — Gov. Dannel P. Malloy's administration on Monday stepped up its campaign to pass a «lockbox» to protect transportation funds, promising state lawmakers that the proposal has no loopholes.

Sitting beside fellow Republican Sen. Terrence Murphy, Killian says having a lockbox will make sure the money received from the opioid surcharge will actually be used to fight addiction and fund treatment programs.

But in de Blasio's report released Monday, he reiterated that the new tax revenue would be «dedicated solely to the expansion and enhancement of New York City's pre-kindergarten and after - school programs,» and promised to keep them in a special «lockbox» similar to the way former Mayor David Dinkins used tax funds to pay for the «Safe City, Safe Streets» program in the early 1990s.

Improve your funds availability and streamline record keeping with Five Star Bank's lockbox payment processing service.

So if you had concerns about your financial health, or ran a small business in a risky industry, seg funds provided you with a lockbox that your creditors couldn't get into if things went wrong.

Rather, it should be treated more like a lockbox which needs to be funded aggressively, monitored judiciously and rebalanced annually.

I don't feel bad about it (or the backlog) as I want to have games in my digital «lockbox» for the day I lack funds but not free time.