Not exact matches
Hensarling and other Dodd - Frank critics have
called that ability — known as «orderly
liquidation authority» — a bailout, even though any taxpayer money used is supposed to be recouped from the sale
of the company's
assets or an assessment on the financial industry.
The tender offer is conditioned upon, among other things, (i) the BVF Nominees being elected to Avigen's board
of directors at a special meeting
of stockholders
called for that purpose, or otherwise appointed, and constituting a majority
of directors on Avigen's board, (ii) the Avigen board redeeming the poison pill rights issued and outstanding under Avigen's Poison Pill Rights Plan, or the Purchaser being satisfied in its reasonable discretion that the Poison Pill Rights are otherwise inapplicable to this tender offer, the Purchaser or any affiliate or associate
of the Purchaser and (iii) Avigen not having authorized, recommended, proposed, announced its intent to enter into or entered into an agreement with respect to or effected any merger, consolidation,
liquidation, dissolution, business combination, acquisition
of assets, disposition
of assets, alternative strategy or relinquishment
of any material contract or other right
of Avigen or any comparable event or capital depleting transaction not in the ordinary course
of business.
Greenbackd is so
called because it was initially solely devoted to stocks trading at a discount to net cash value (stocks backed by a surplus
of Greenbacks, hence «Greenback'd»), net current
asset value, negative enterprise value, or
liquidation value.
One reason for
calling such purchases bargain issues is that usually net - current -
asset values may be considered a conservative measure
of liquidation value.
Chapter 7 bankruptcy is often
called as «
liquidation» because the bankruptcy trustee in your Chapter 7 bankruptcy case has the option to liquidate, or sell, any
of your non-exempt
assets.
Chapter 7 bankruptcy laws outline a process
called liquidation, in which some
of the debtor's
assets are sold by the court in exchange for total forgiveness
of eligible debts.
Greenbackd is so
called because it was initially solely devoted to stocks trading at a discount to net cash value (stocks backed by a surplus
of Greenbacks, hence «Greenback'd»), net current
asset value, negative enterprise value, or
liquidation value.