Sentences with phrase «outstanding liabilities to»

In the unlikely event of the bankruptcy of NBCN Inc., the outstanding liabilities to clients (after CIPF coverage) are guaranteed by The National Bank.

In the unlikely event of the bankruptcy of National Bank Correspondent Network, the outstanding liabilities to clients (after CIPF coverage) are guaranteed by National Bank of Canada.

Don Coqui on the Water also hosted the pol's Council campaign kickoff in December — and his account with the city Campaign Finance Board lists a $ 1,578.69 outstanding liability to the restaurant.

Not exact matches

It is controlled by the monopoly supplier of reserves to the banking system (the central bank) and the Treasury which dictates the average outstanding maturity of the liabilities it issues.

The transaction leaves the size of the SOMA securities portfolio unchanged but shifts some of the liabilities on the Fed's balance sheet from bank reserves to reverse repos while the trade is outstanding.

It is also important to note that liabilities, such as outstanding bank loans, guarantees, lease agreements and payments to suppliers are usually not insured, leaving the personal assets of business owners pledged against these liabilities, and potentially leaving family members in financial distress.

Prior to the consummation of this offering, we will execute several reorganization transactions described under «Organizational Structure,» as a result of which the limited liability company agreement of Desert Newco will be amended and restated to, among other things, reclassify its outstanding limited liability company units as non-voting units.

During this time, our proposed implementation period will see us continuing to trade on current terms, and we will pay our fair share of the outstanding commitments and liabilities to which we committed during our membership.

on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

The pro forma column reflects (a) the redesignation of our outstanding common stock as Class B common stock in 2015, (b) the automatic conversion of all shares of our convertible preferred stock outstanding as of March 31, 2015 into shares of our Class B common stock, (c) the automatic conversion of the convertible preferred stock warrants to Class B common stock warrants, and the resulting remeasurement and assumed reclassification of the redeemable convertible preferred stock warrant liability to additional paid - in capital, and (d) the filing and effectiveness of our restated certificate of incorporation.

Outcome: The Federal Reserve closes its positions in Fannie Mae and Freddie Mac securities, the quantity of outstanding Fannie Mae and Freddie Mac liabilities declines by as much as $ 1.5 trillion, thus allowing their remaining assets repay the remaining liabilities despite insolvency, and the outstanding quantity of U.S. Treasury debt expands by as much as $ 1.5 trillion in order to protect the lenders, while ordinary Americans continue to lose their homes and jobs.

WDAY has over 20 million employee stock options outstanding, equivalent to a liability of $ 1.3 billion (nearly 10 % of its market cap) at its current price.

«This transaction allows us to fully repay our outstanding debt, significantly lower our pension liabilities and have a substantial cash position following the close of the transaction,» Tronc CEO Justin Dearborn said in a news release.

The greater the proportion of such reserves (plus vault cash) relative to their outstanding deposit liabilities, the more of the outstanding deposit money is in fact represented by «covered» money substitutes as opposed to fiduciary media.

And that $ 64 billion in outstanding debt does not include the $ 250 billion in accrued liabilities the state has promised to public pensioners, according to Moody's Investors Service.

England's early «goldsmith» banks are supposed to have held reserves equal to only a third of their demandable liabilities — a remarkably low figure, given the circumstances; at the other extreme, Scottish banks at the height of that nation's pre-1845 «free banking» episode often managed quite well with gold or silver reserves equal to between one and two percent of their outstanding notes and demand deposits.

The largest adjustment to shareholder value came in the form of $ 105 million in outstanding employee stock option liabilities.

The reserve amount is referred to as the reserve requirement because it is the amount banks must hold in reserves against liabilities or loans outstanding.

If the Trust is terminated and liquidated, the Trustee will distribute to the Shareholders any amounts remaining after the satisfaction of all outstanding liabilities of the Trust and the establishment of reserves for applicable taxes, other governmental charges and contingent or future liabilities as the Trustee shall determine.

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

Paterson's secretary, Larry Schwartz, and NYC OTB President Greg Rayburn held a conference call earlier today to reiterate that the cash - strapped betting operation will shut down if the Legislature doesn't approve its restructuring plan, costing thousands of jobs and leaving the state on the hook for $ 540 million worth of pension liabilities and $ 100 million in outstanding bankruptcy claims.

An Ilorin High Court has ordered the University of Ilorin to settle its outstanding tax liability of N970m to the Kwara State Internal Revenue Service (KWIIRS).

In addition, most of the units that have been sold were done so illegally to limited liability companies and not to low - income families as they were supposed to be, according to Patsy Wooters, a Preserve Ramapo member and the 2010 winner of the Rockland County Executive's Outstanding Environmental Volunteer Award.

«VAIDS is an initiative designed to encourage voluntary disclosure of previously undisclosed assets and income for the purpose of payment of all outstanding tax liabilities.»

Campaigns are required to report, on Schedule N of their semi-annual reports, «outstanding liabilities for goods or services received.»

Those thresholds were changed late last year through legislation passed by the City Council — sponsored by Council Member Ben Kallos, chair of the governmental operations committee — and signed by de Blasio that increased the debate standards to the current 2.5 percent of the expenditure limit, as well as disqualifying loans or outstanding liabilities as counting towards that expenditure.

Where a claim is made after the end of the tax year, this will be offset against any outstanding PAYE liabilities or current / future liability, or employers can ask HMRC for a payment of any balance, again provided their PAYE payments are all up to date.

A DfE spokesperson said the department was working with the school to «ensure all outstanding liabilities, including PNA repayments, are minimised».

**** selected vehicle options are subject to final customer verification before final purchase price, DePaula assumes no liability for options that are misquoted due to software complication or human error **** Reviews: * Outstanding crash test scores; well - appointed interior; comfortable ride; strong turbocharged engine.

The Skip Barber Racing School has filed for bankruptcy, according to documents provided to The Drive, with somewhere between $ 10 million and $ 50 million in outstanding liabilities.

On the other hand, because you now have a clean slate upon which to write your financial future, other creditors see you not as a liability to be avoided, but as a borrower who has no outstanding debt.

Net Asset Value: In a mutual fund, the assets of the fund less its liabilities divided by the number of shares outstanding, usually referred to as the NAV.

• High Credit Card Balances — Even if you're making payments every month on a credit card, carrying an outstanding balance quickly becomes a liability for your credit score — especially if that balance is too close to your credit limit.

Outside Collection Agency (OCA): a collection agency under contract with the VT Department of Taxes to collect outstanding tax liabilities that have been inactive for more than sixty days.

Please read the following information related to your tax situation: • How to pay your outstanding federal income tax liability

If you have deposits outstanding, the IRS applies deposits you make to the most recent tax liability in the quarter.

Basically a calculation of assets minus liabilities plus or minus the value of open positions when marked to the market, divided by the total number of outstanding units.

Net Current Asset Value (NCAV) = cash and short - term investments + (0.75 * accounts receivable) + (0.5 * inventory)-- total liabilities — preferred stock The resulting value can then be divided by the number of common shares outstanding to find the NCAV per share.

The FDIC told Kentucky - based Republic Bank & Trust Co. that the loans are unsafe and unsound now that the IRS no longer offers banks its debt indicator, a tool loan providers used to determine whether a taxpayer had outstanding tax liabilities that could be garnished from a tax refund.

Except as provided in subdivision (2a) of this section, «control» means the power to vote more than twenty percent (20 %) of outstanding voting shares or other interests of a corporation, partnership, limited liability company, association, or trust.

By that date, neither the company nor the bank will have any outstanding payment liability related to the interest - rate swap.

Given this «phantom liability», your Board concluded in 1986 that is would be prejudicial to existing shareholders if Equity Strategies instituted a continuous offering of Equity Strategies Common shares to that the number of Common shares outstanding would increase.

Price - to - book - value ratios: The book value per share of a company is the value that the company's books place on its assets, less all liabilities, divided by the number of shares outstanding.

In addition, each share of each Fund is entitled to participate equally with other shares (i) in dividends and distributions declared by such Fund and (ii) on liquidation to its proportionate share of the assets remaining after satisfaction of outstanding liabilities.

While student debt is a sincere problem for young American student borrowers today, the $ 1.3 trillion outstanding balance pales in comparison to the unfunded liabilities held by the SSA.

liabilities & provisions related to this crap (and repaying the outstanding shareholder loan).

The amount of these distributions, however, may vary substantially from these estimates based on the resolution of outstanding known and contingent liabilities and the possible assertion of claims that are currently unknown to the Company.

As of June 30, 2009, VaxGen's unaudited cash, cash equivalents and marketable securities balance was approximately $ 36 million and its liabilities and contractual obligations consisted primarily of costs and expenses of its outstanding leases related to its former biopharmaceutical manufacturing operations located in South San Francisco, CA.

There are two clear types of payment at stake: one to settle its outstanding liabilities up to the end of EU membership, and another that may feature future payments after Brexit.