Sentences with phrase «incurred by the corporation»

In most instances they have no obligation to pay any debt or liability incurred by a corporation.

In the recent case of Toronto Condominium Corp 1462 v Dangubic, the condominium corporation registered a lien against an owner's unit for recovery of legal costs incurred by the corporation in relation to «compliance letters» sent by the corporation's legal counsel to the owner.

However, legal fees incurred by the corporation for the Small Claims matter were in excess of $ 22,000.

Legal fees incurred by the corporation for the lien action were nearly $ 56,000.

Not exact matches

But by spot - treating employee malaise with tangible perks, corporations have overlooked the intangible hit to social activity incurred with a 24/7 work cycle.

The market debt incurred by the federal government was largely the result of financing ongoing operations, unlike that of the Crown corporations.

Nixon's campaign said her true income was about $ 1 million in 2017, noting that the overall figure of $ 1.5 million does not reflect some expenses incurred by Nixon's corporation, while it does include receipts from the sales of securities which are not classified as income for tax purposes.

Leveraged Buy - Out (LBO): Financial transaction in which a corporation's management repurchases all public shares, usually by incurring substantial debt, and the company goes private.

When a business credit card account is opened, a personal guarantee is when an officer of the corporation designates himself and is bound by contract to be liable for all debts incurred on the new credit card.

Terms, defined.For purposes of the Credit Services Organization Act: (1) Buyer shall mean an individual who is solicited to purchase or who purchases the services of a credit services organization; (2) Consumer reporting agency shall have the meaning assigned by the Fair Credit Reporting Act, 15 U.S.C. 1681a (f); (3) Credit services organization shall mean a person who, with respect to the extension of credit by others and in return for the payment of money or other valuable consideration, provides or represents that the person can or will provide any of the following services: (a) Improving a buyer's credit record, history, or rating; (b) Obtaining an extension of credit for a buyer; or (c) Providing advice or assistance to a buyer with regard to subdivision (a) or (b) of this subdivision; (4) Extension of credit shall mean the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes; and (5) Person shall include individual, corporation, company, association, partnership, limited liability company, and other business entity.

447/83, provides that the Insurance Corporation of British Columbia shall pay an insureds benefits defined as «all reasonable expenses incurred by the insured as a result of the injury for necessary» services, therapy, or treatment as set out in the Regulation.

The Judge noted that as a result of the unit owner's adamant refusal to remedy the fireplace problem, the unit owner only had himself to blame for the costs incurred by the condominium corporation relating to its court application.

By carrying on business through a corporation, the corporation's owners can avoid potential liabilities that they would incur by carrying on business directlBy carrying on business through a corporation, the corporation's owners can avoid potential liabilities that they would incur by carrying on business directlby carrying on business directly.

As the corporation was not fully recompensed for the costs it incurred, the unrecovered costs will be included in the corporation's common expenses payable by all of the unit owners, including those who undertook the required remedial work to their own fireplaces without the necessity for a court application, and those who did not have a fireplace in their unit.

the corporation may have the right to add all costs incurred to repair common elements (damaged by a unit owner or occupant) to the unit's common expenses; or

Otherwise, the corporation may be liable for any extra costs incurred by an owner (due to the delay).

16 % of «qualified Canadian labour expenditures» (incurred within certain timeframes) for services provided in Canada by Canadian residents or taxable Canadian corporations (for amounts paid to employees who are Canadian residents) for the production of an «accredited production».

The court ordered the condominium corporation to reimburse the expenses incurred by Ms. Dyke to find alternative accommodations, such as rent, hydro, utilities, furniture and movers.

This was recently considered by the Ontario Superior Court where a condominium resident sued both the condominium corporation and the elevator maintenance company for damages incurred as a result of being trapped in the elevator.

In a recent case, a condominium management firm was held responsible to pay a condominium corporation for financial losses incurred as a result of an error in a status certificate issued by the manager.

the corporation's rules and by - laws both specifically provided that the unit owner is responsible for legal expenses incurred to seek compliance with the condominium documents.

Any expenses incurred by the shareholder of a corporation for pursuing a claim accusing any director or officer, and organization is lawfully obliged to pay as per the ruling of a court.

Even where the court - ordered remedy falls short of forcing the owner to sell and move out, courts will frequently force the owner to pay for any remediation or clean - up costs arising from his misconduct, and may even require payment of the legal costs incurred by the condo corporation to bring the matter before the courts in the first place.

Corporation: An entity in which individual owners are not directly responsible for any debt incurred by the company.

(b) to administer the fund, including expenses incurred by the directors of the compensation fund corporation in carrying out the purposes of the fund and remuneration paid to directors,