Sentences with phrase «received under a trust»

Not exact matches

Upon the completion of this offering and after giving effect to the planned recapitalization of our common stock into a single class of common stock and stock split, SIH will own shares of our outstanding common stock (representing % of the shares outstanding), our founders and their family trusts will own an aggregate shares of our outstanding common stock (representing % of the shares outstanding) and our employees who received shares upon the liquidation of the special purpose employee ownership vehicle will own shares of our outstanding common stock under a restricted stock award (representing % of the shares outstanding), in each case as it relates to the percentage ownership assuming that the underwriters do not exercise their option to purchase additional shares.

• the Trust is determined to be a «money transmitter» under the regulations promulgated by FinCEN under the authority of the US Bank Secrecy Act and is required to comply with certain FinCEN regulations thereunder, and the Trust receives notice from the Sponsor that, because of that determination, termination of the Trust is advisable;

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).

The maximum compensation the Marketing Agent may receive under this Marketing Agent Agreement, as a result of the Trust's offering, is not to exceed $ -LSB--RSB-, which includes $ -LSB--RSB-(fees) and $ -LSB--RSB-(expenses).

I just wonder why I do not trust this country much... must be the number of frauds and scams I hear about coming from there or her nationals, besides all the junk spam e.mails that are received under the name of Nigeria...!!

Sites anticipated to receive Commonwealth environmental water under a three year partnership agreement with the Renmark Irrigation Trust.

The charges in part read: «That you Col. Mohammed Sambo Dasuki whilst being National Security Adviser and Shaibu Salisu, whilst being the Director of Finance and Administration in the Office of the National Security Adviser and Hon. Waripamowei Dudafa (now at large) whilst bring Senior Special Assistant, Domestic Affairs to the President on or about 27th November within the jurisdiction of this Honourable Court entrusted with dominion over certain properties to wit: the sum of N10billion being part of the funds in the account of the National Security Adviser with the CBN, the equivalent of which sum you received from the CBN in foreign currencies to wit: $ 47million and $ 5.6 million Euros committed criminal breach of trust in respect of the said property when you claimed to have distributed same to the Peoples Democratic Party (PDP) Presidential Primary Election delegates and you thereby committed an offence punishable under Section 315 of the Penal Code Act, Cap 532, Vol.4, LFN 2004.

He shall receive and hold in trust for the Association all books, pamphlets and manuscripts belonging to the Association, and allow the use of the same under the provisions of the Constitution and the orders of the Standing Committee.

The trust running the Durand Academy in Stockwell received # 17 million from the government to set up s state boarding school is West Sussex, which opened last year, but has been under investigation since February.

AET, a charitable trust that runs almost 80 schools in England, came under fire from Ofsted this month when the inspectorate said too many of its pupils were not receiving a good enough education.

There are hereby appropriated to the Highway Trust Fund amounts equivalent to one - third of the taxes received in the Treasury under --

If you work but also receive some benefit income, the amount you pay under the trust deed can not be more than the amount you earn each month.

Under his guidance, the company's mutual funds have received recognition from Lipper and Morningstar, two trusted independent financial authorities.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

It is to be hoped that the rethink will (assuming it is implemented) bring the provisions which tax non-domiciled UK residents who receive benefits from offshore trusts (contained in Taxation of Chargeable Gains Act 1992 (TCGA 1992), s 87) more closely into line with the proposed changes to the rules which charge settlors who are able to benefit under their settlements.

The following day, I received a further email advising of the «Excellent news» that the adverse party would be sending me a cheque for just under half the outstanding invoice to avoid litigation; I should bank the cheque in my trust a / c and deduct my retainer.

Our representation of the noteholders in bankruptcy court litigation led to a confirmed plan under which our clients received (i) the opportunity to buy Energy Future Holdings» regulated utility Oncor and convert its parent into a real estate investment trust (REIT), and (ii) a down - side recovery, along with other unsecured creditors, of US$ 550 million in the event the transaction did not close.

Under Rule 1.15 of the Arkansas Model Rules of Professional Conduct, lawyers who receive, maintain, or disburse client trust funds are required to maintain those funds in interest - bearing accounts at approved financial institutions, either for the benefit of the individual client or the Arkansas Access to Justice Foundation.

«No period of limitation shall apply to an action by a beneficiary under a trust in respect of any fraud or fraudulent breach of trust to which the trustee was a party or privy; or to recover from the trustee trust property or the proceeds of trust property in the possession of the trustee, or previously received by the trustee and converted to his use.»

For example, I used it in a case where someone fraudulently sold ditch company shares worth several hundred thousand dollars (in Colorado, water is gold) that he didn't own (a transaction that could not be unwound because the buyer was a bona fide purchaser for value and the seller had apparent authority as a trustee of a trust owning the shares even though he didn't have the actual authority to sell them under the trust) and then spent the money he received before he was discovered (if I recall correctly, for gambling debts).

A beneficiary is an individual, institution, trustee, or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, trust, annuity, or other contract.

The exchange, approved to open last October, had received the greenlight to operate as a limited purpose trust company from the NYDFS, though it is not regulated under the BitLicense, the state's industry - specific licensing regime.

Person or legal entity which receives gifts of bequests made under a will, trust, retirement plan, insurance policy, etc..

All monies received in relation to these services must be treated as trust funds under RESA.

(b) if the blended payment was deposited in a trust account maintained in the name of a section of the strata corporation, transfer that portion of the blended payment that was received on behalf of the strata corporation or received on behalf of another section of the strata corporation, to a trust account maintained under section 7 - 9 (2)(a) in the name of the strata corporation or the other section, as the case may be.

(a) if the blended payment was deposited in a trust account maintained in the name of the strata corporation, transfer that portion of the blended payment that was received on behalf of a section of the strata corporation to a trust account maintained under section 7 - 9 (2)(a) in the name of that section, and

(c) if the amount received is only special levy money it must be paid into an applicable trust account under subsection (2)(c);

(b) if the amount received is only contingency reserve fund money it must be paid into an applicable trust account under subsection (2)(b);

(2.1) If a brokerage receives money that is subject to subsection (2) by means of direct electronic deposit into a brokerage trust account that receives funds on behalf of more than one strata corporation, the money must be transferred to the applicable trust account under subsection (2) no later than 3 days after the day on which it was received.

(7) As an alternative to filing an accountant's report under subsection (1)(b), a brokerage that did not hold or receive any public trust money during the fiscal year to which the financial statements relate may file with the council a solemn declaration, completed in accordance with section 4 - 9.1 of the bylaws, respecting

Charitable Lead Trust: A trust established for the benefit of a charitable organization under which the charitable organization receives income from an asset for a set number of years or for the trustor's lifeTrust: A trust established for the benefit of a charitable organization under which the charitable organization receives income from an asset for a set number of years or for the trustor's lifetrust established for the benefit of a charitable organization under which the charitable organization receives income from an asset for a set number of years or for the trustor's lifetime.

Charitable Remainder Trust: A trust established for the benefit of a charitable organization under which the trustor receives income from an asset for a set number of years or for the trustor's lifeTrust: A trust established for the benefit of a charitable organization under which the trustor receives income from an asset for a set number of years or for the trustor's lifetrust established for the benefit of a charitable organization under which the trustor receives income from an asset for a set number of years or for the trustor's lifetime.