Sentences with phrase «special purpose trusts»

Her experience extends to the establishment, funding and administration of all manner of trusts, including discretionary family trusts, spousal trusts, alter ego trusts, joint partner trusts, trusts established for commercial purposes, First Nation trusts and other special purpose trusts.

This is because the claimants» payment to the Managers became part of the Managers» general assets, and was not impressed with a special purpose trust, while the Managers» VAT liability to the defendants arose independently of whether the claimants actually paid VAT.

Not exact matches

Prior to the consummation of the Formation Transactions described below, our business was operated through our predecessor limited liability company, SoulCycle Holdings, LLC, or SCH, the only members of which were Equinox Holdings, Inc., or EHI, our founders, Elizabeth P. Cutler and Julie J. Rice and trusts for the benefit of their respective families, and a special purpose vehicle formed to hold equity ownership in SCH on behalf of certain SCH employees.

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.

A super fund is a special type of trust, set up and maintained for the sole purpose of providing retirement benefits to its members (the beneficiaries).

It is a structured note issued by a special purpose company or trust, designed to offer investors par value at maturity unless the referenced entity defaults.

In general, in a securitization transaction, a special purpose vehicle, such as a trust, is the owner or assignee of a mortgage loan.

We begin processing your student loan consolidation once the enrollment fee is deposited (clears) into your trust account (AKA: a Special Purpose Savings Account).

Organisations which use this method create a Special Purpose Vehicle or SPV (usually a Trust) and commit their existing assets or future receivables to it.

Since opening the hospital's doors, her singular purpose has been giving pet owners across the Glen Cove region a trusted partner in their companion's long - term health and wellness willing to provide the breadth of veterinary services and approaches and the commitment to follow - up care that the special cat, a dog, or a pocket pet in your life truly deserves.

As the GSDCA Charitable Trust was created for benevolent purposes, we intend to host special canine events that would educate the public about the upkeep and care of the German Shepherd Dog as well as raise funds for recognized charities that help our dogs.

We regularly are engaged to counsel on private equity funds and their portfolio companies, hedge funds, real estate development entities, joint ventures, master limited partnerships, upstream oil and gas development arrangements, renewable energy project finance and other tax credit partnerships, structured finance special purpose vehicles, cross border partnerships, and operating partnerships used in umbrella partnership real estate investment trust (UPREIT) structures.

The leading case of Pemsel v. Special Commissioners of Income Tax (1891) All E.R. Rep. 28 (U.K.H.L.) held that «charity in its legal sense comprises four principal divisions: trusts for the relief of poverty; trusts for the advancement of education; trusts for the advancement of religion; and trusts for other purposes beneficial to the community, not falling under any of the preceding heads.»

Charities Act 2006 (Commencement No 4, Transitional Provisions and Savings) Order 2008 (SI 2008/945) Brought into force, intralia, the fol lowing provisions of the Charities Act 2006 on 1 April 2008: s 1 (meaning of charity); s 2 (meaning of «charitable purpose»); s 3 («public benefit» test); s 4 (6)(guidance as to the operation of the public benefit requirement); s 5 (1)(special provisions about recreational charities, sports clubs etc); s 5 (2)(special provisions about recreational charities, sports clubs etc); s 29 (1)(duty of auditor etc. of charity which is not a company to report matters to the Commission); s 30 (Group Accounts); s 33 (duty of auditor etc of charitable company to report matters to the Commission); and s 38 (power of Commission to relieve trustees, auditors etc from liability for breach of trust or duty.

(Commencement No 4, Transitional Provisions and Savings) Order 2008 (SI 2008/945) Brought into force, intralia, the fol lowing provisions of the Charities Act 2006 on 1 April 2008: s 1 (meaning of charity); s 2 (meaning of «charitable purpose»); s 3 («public benefit» test); s 4 (6)(guidance as to the operation of the public benefit requirement); s 5 (1)(special provisions about recreational charities, sports clubs etc); s 5 (2)(special provisions about recreational charities, sports clubs etc); s 29 (1)(duty of auditor etc. of charity which is not a company to report matters to the Commission); s 30 (Group Accounts); s 33 (duty of auditor etc of charitable company to report matters to the Commission); and s 38 (power of Commission to relieve trustees, auditors etc from liability for breach of trust or duty.

The special commissioner found that the whole purpose of the gifts with reservation scheme would be defeated if s 102 was construed that the interest of any settlor under a discretionary trust created by the settlor did not constitute a reservation of benefit.

Special needs trusts, in my opinion, may also be called a life insurance trust, because they are created with the express purpose of using a cash value life insurance plan to fund them.