Sentences with phrase «irrevocable letter»

An employer who at any time has contravened a requirement concerning the payment of wages may be required by the Branch to post a bond, or to provide an irrevocable letter of credit or other security, to help ensure future compliance.

The following are deceptive acts: (1) To charge or receive money or other valuable consideration before the complete performance of services that a credit services organization has agreed to perform for or on behalf of a consumer, unless the credit services organization has under section 8 of this chapter: (A) obtained a surety bond issued by a surety company admitted to do business in Indiana; or (B) established an irrevocable letter of credit.

A person that is damaged by a credit services organization's violation of this chapter may: (1) bring an action to recover the greater of two (2) times the amount of actual damages or one thousand dollars ($ 1,000) and attorney's fees; and (2) bring an action against the bond or irrevocable letter of credit required under section 8 of this chapter to recover an amount equal to the person's actual damages.

A credit services organization that obtains an irrevocable letter of credit under this subsection must file a copy of the irrevocable letter of credit with the attorney general before doing business in Indiana.

«We're pretty blunt about telling new customers that until we get to know them better, we insist on payment in advance — for which we give them a 2 % price discount — or payment through a confirmed, irrevocable letter of credit,» says John Kirchgeorg, the owner of Life Corp., a manufacturer of emergency oxygen units in Milwaukee.

In this context, the specific problem was Carillion's use of ineffective and irrevocable letters of credit to its contractors and sub-contractors.

Not exact matches

Levandowski technically has until June 15 to rectify those breaches before his termination becomes irrevocable, according to Yoo's letter.

Save his or her Social Security benefits letter and any kind of information about retirement (CDs, IRAs or 401 (k)-RRB-; life insurance; any revocable or irrevocable trusts; and any burial policies.

Oct. 24: In a letter to Mei, Garry says the town's obligations under a proposed amendment to SRB's concession agreement «are irrevocable,» and that the town agrees it will repay a $ 7.8 million loan within 30 days if SRB defaults.

3.0 Having perused the said letter to which was attached the allegations on the basis of which the petition invoked the provisions of article 146 of the 1992 Constitution of the Republic of Ghana for our client's impeachment, we have noted several defamatory statements in respect of which we have our client's irrevocable instructions to take immediate action against your clients who have not been disclosed on the face of your letter.

Holding assets in an irrevocable life insurance trust, which requires talking with the beneficiaries about it, including the crummy letters, is just good training for future generations.

The letter of the law needs to be correct, especially when life insurance policies or their proceeds are held inside of irrevocable trusts.

When assets are gifted to irrevocable life insurance trusts, the trustee must send a crummy letter to the beneficiaries.

Holding assets in an irrevocable life insurance trust, which requires talking with the beneficiaries about it, including the crummy letters, is just good training for future generations.