Liquidating trust definition

kill, murder, remove, destroy, do in (slang), silence, eliminate, take out (slang), get rid of, wipe out (informal), dispatch, finish off, do away with, blow away (slang, chiefly U.S.), annihilate, exterminate, bump off (slang), rub out (U. slang) Trust Agreement, provided no claim for breach of any representations and warranties under the purchase and sale agreement between Ameri Vest and Koll/PER, LLC has been made or threatened by February 27, 2007, and absent other circumstances under which it would be appropriate for the Trustee to retain the amount reserved pursuant to the purchase and sale agreement, the Trustee has been directed to distribute an additional amount equal to

The most senior claims belong to secured creditors, who have collateral on loans to the business.The purpose of a liquidating trust is liquidation as soon as the circumstances will permit.An association of two or more persons engaged in a business enterprise in which the profits and losses are shared proportionally. The authors of the initial UPA debated whether in theory a partnership should be treated as an aggregate of individual partners or as a corporate-like entity separate from its partners. The UPA generally opted for the aggregate theory in which individual partners ("an association") comprised the partnership. 14.-The free and personal choice of the contracting parties is so essentially necessary to the constituting of a partnership, that even executors and representatives of deceased partners do not, in their representative capacity, succeed to the state and condition of partners; 2 Ves.

.These lenders will seize the collateral and sell it—often at a significant discount, due to the short time frames involved.If that does not cover the debt, they will recoup the balance from the company’s remaining liquid assets, if any. These include bondholders, the government (if it is owed taxes) and employees (if they are owed unpaid wages or other obligations).The legal definition of a partnership is generally stated as "an association of two or more persons to carry on as co-owners a business for profit" (Revised Uniform Partnership Act § 101 [1994]). Early English mercantile courts recognized a business form known as the societas. The lender hopes this letter will encourage you to contact them to work out an agreement called a "Foreclosure Workout".

The most senior claims belong to secured creditors, who have collateral on loans to the business.

The purpose of a liquidating trust is liquidation as soon as the circumstances will permit.

An association of two or more persons engaged in a business enterprise in which the profits and losses are shared proportionally.

The authors of the initial UPA debated whether in theory a partnership should be treated as an aggregate of individual partners or as a corporate-like entity separate from its partners.

The UPA generally opted for the aggregate theory in which individual partners ("an association") comprised the partnership. 14.-The free and personal choice of the contracting parties is so essentially necessary to the constituting of a partnership, that even executors and representatives of deceased partners do not, in their representative capacity, succeed to the state and condition of partners; 2 Ves.

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