Sentences with phrase «upon liquidation»

For instance, the value of an IRA or 401K account is not the face value of the account as it is a taxable entity upon liquidation and is not available until retirement without penalty.

However, since the policy was worth $ 200,000 at liquidation, and the cost basis was only $ 125,000, then Charlie will receive a Form 1099 - R for $ 75,000, and have to pay taxes on the gain, even though he doesn't receive any cash upon liquidation.

Livent alleged Deloitte was negligent in failing to detect the fraud and Deloitte's negligence caused it to realize a value on its assets upon liquidation less than it would have realised had Deloitte discovered and disclosed the fraud.

Moving away from a corporate structure is very difficult for law firms because of the immediate tax liability that could be created upon liquidation of the corporation, so firms that are currently taxed as corporations would generally have a significant tax burden to move to a partnership tax structure.

Which in some cases is privy to like - kind treatment where capital gains tax events are no longer created upon liquidation into another like property until settled in a national currency.

One advantage of this particular type is that, upon liquidation, a trust preferred's debentures generally rank as junior debt, ahead of a company's traditional preferred or common shares.

Schwab Charitable accepts contributions of certain real estate, private equity or other illiquid assets via a charitable intermediary, with proceeds of your donation transferred to your donor - advised account upon liquidation.

The right to receive the residual value of the corporation's assets upon the liquidation of the corporation

Contributions of certain real estate, private equity, or other illiquid assets are accepted via a charitable intermediary, with proceeds transferred to a donor - advised account upon liquidation.

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.

Upon liquidation, holders of such debt securities and preferred shares, if issued, and lenders with respect to other borrowings would receive a distribution of our available assets prior to the holders of our common stock.

Not exact matches

Your equity would be defined in each cashflowed home, cash flow of repairs outside of owned properties, as well as equity upon sell of some, or liquidation of all homes at any point as deemed most profitable timing as the market improves.

Upon a «liquidity event» (a liquidation, return of capital, refinancing, sale or listing), the articles of the company provide for the exit proceeds to be distributed amongst the shareholders as follows:

«Common shares» is the legal term that typically refers to the corporation's class of shares that holds the minimum rights described above (right to vote, right to receive dividends, right to residual value of the corporation's assets upon the corporation's liquidation).

Of the total 60 platforms that have held token offering - related activities inside China, over half have launched the liquidation process or suspended the ICO services upon the news, local media reported.

Capitalizing on our extensive background of over 50 years in the industrial equipment, liquidation, restructuring and insolvency markets provides us with a wide range of experience our clients have come to rely upon.

Businesses faced with the prospect of lean times or liquidation are being forced to look upon their pensions obligations with a more discerning gaze.

And that the citizens of this commonwealth may be assured, from time to time, that the moneys remaining in the public treasury, upon the settlement and liquidation of the public accounts, are their property, no man shall be eligible as treasurer and receiver - general more than five years successively.]

The Offer is conditioned upon, among other things, (i) the Nominees being elected to the Board at the Special Meeting or otherwise being appointed to, and constituting a majority of, the members of the Board, (ii) the Board redeeming the «poison pill,» or our being satisfied in our reasonable discretion that the «poison pill» is otherwise inapplicable to the Offer, the BVF Group or any affiliates or associates of the BVF Group, and (iii) Avigen not having authorized, recommended, proposed, announced its intent to enter into or entered into an agreement with respect to or effected any merger, consolidation, liquidation, dissolution, business combination, acquisition of assets, disposition of assets, alternative strategy or relinquishment of any material contract or other right of Avigen or any comparable event or capital depleting transaction not in the ordinary course of business.

The tender offer is conditioned upon, among other things, (i) the BVF Nominees being elected to Avigen's board of directors at a special meeting of stockholders called for that purpose, or otherwise appointed, and constituting a majority of directors on Avigen's board, (ii) the Avigen board redeeming the poison pill rights issued and outstanding under Avigen's Poison Pill Rights Plan, or the Purchaser being satisfied in its reasonable discretion that the Poison Pill Rights are otherwise inapplicable to this tender offer, the Purchaser or any affiliate or associate of the Purchaser and (iii) Avigen not having authorized, recommended, proposed, announced its intent to enter into or entered into an agreement with respect to or effected any merger, consolidation, liquidation, dissolution, business combination, acquisition of assets, disposition of assets, alternative strategy or relinquishment of any material contract or other right of Avigen or any comparable event or capital depleting transaction not in the ordinary course of business.

Estate taxes are based upon the total current asset value, so 2nd to Die Life Insurance can protect family estates such as real estate, property, family farms and other hard assets from liquidation.

In addition, the court may dismiss the case or convert the case to a liquidation case under chapter 7 of the Bankruptcy Code upon a showing that the debtor has committed fraud in connection with the case.

Upon the sale, liquidation, or re-privatization of the institution, the bondholders would receive the portion of the proceeds that are not required as regulatory capital.

The cost of such a liquidation purchase plus transactions costs may be greater than the premium received upon the original option, in which event a Fund will have paid a loss in the transaction.

«The Merger Agreement contains certain termination rights for both VaxGen and OXiGENE, and further provides that, upon termination of the Merger Agreement under specified circumstances, including by VaxGen to pursue a superior transaction, as defined in the Merger Agreement (including a liquidation),...»

The Merger Agreement contains certain termination rights for both VaxGen and OXiGENE, and further provides that, upon termination of the Merger Agreement under specified circumstances, including by VaxGen to pursue a superior transaction, as defined in the Merger Agreement (including a liquidation), or by OXiGENE to pursue a financing transaction with net proceeds of least $ 30 million, either party may be required to pay the other party a termination fee of $ 1,425,000 and to reimburse the other party's expenses up to $ 325,000.

Anti-avoidance provisions prevent a landlord circumventing the scheme by providing, eg that a tenancy automatically ends upon the occurrence of stipulated events such as the tenant's liquidation.

Estate taxes are based upon the total current asset value, so 2nd to Die Life Insurance can protect family estates such as real estate, property, family farms and other hard assets from liquidation.

In insurance terminology, this is called either a «rehabilitation» or a «liquidation» depending upon whether there were assets within the company and whether the insurance regulator (s) believed that the company could get back on its feet.

We intend to cancel stale (and possibly all) orders and pause liquidations upon resuming service.

ADDITIONAL EXPERIENCE (Details available upon request) Account Administrator at IBM Global Financing, Atlanta • GA Executive Secretary to Regional Manager at IBM Global Financing, Atlanta • GA Assistant to the Manager of Purchasing & Material Sales Liquidation at Atlanta Committee for the Olympic Games, Atlanta • GA

These Agent Terms shall terminate immediately, without notice, (a) upon the institution by or against either party of insolvency, receivership or bankruptcy proceedings, (b) upon either party's making an assignment for the benefit of creditors, or (c) upon either party's liquidation, dissolution or ceasing to do business.