B-4 definition

B-4. The division of any general disbursements of the Surviving Corporation, other than those enumerated in this Section or which are not clearly allocable to the business and assets of the American Central Fund or of the Surviving Corporation, shall be made by the American Central Committee, hereinafter mentioned, in accordance with a survey of the items of expense.

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B-4. , means the Bulletin B-4 issued by the Accounting Principles Board of the Instituto Mexicano de Contadores Públicos, A. C. establishing accounting standards related to the integral profit.

B-4. Director’ means the Director of Veterans' Affairs.

Examples of B-4 in a sentence

The parties hereto acknowledge and agree that the form of endorsement attached hereto as Exhibit B-4 is intended to effect the transfer to the Trustee, for the benefit of the Certificateholders, of the Mortgage Notes and the Mortgages.
No transfer of a Class B-4 Certificate will be made unless such transfer is exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws or is made in accordance with said Act and laws.
The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and the interest portion of certain Realized Losses allocated to the Class B-4 Certificates, as described in the Agreement.
A Single Certificate for the Class B-4, Class B-5 and Class B-6 Certificates represents a $250,000 Denomination.
The Class B-4, Class B-5 and Class B-6 Certificates shall bear a legend referring to the foregoing restrictions contained in this paragraph.
Except with respect to any Mortgage Loan that is cross-collateralized and cross-defaulted with another Mortgage Loan and other than as set forth on Schedule B-4 to this Exhibit B, no Mortgage Loan has a Mortgagor that is an Affiliate of a Mortgagor with respect to another Mortgage Loan.
Neither the Seller nor the Trustee is under an obligation to register the Class B-4, Class B-5 or Class B-6 Certificates under said Act or any other securities law.
The Holder of a Class B-4, Class B-5 or Class B-6 Certificate desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Seller, the Master Servicer and any Paying Agent acting on behalf of the Trustee against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.
As provided in the Agreement and with certain exceptions therein provided, certain losses on the Mortgage Loans resulting from defaults by Mortgagors will be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4 and Class B5 Certificates before such losses will be borne by the Holders of the other Classes of the Certificates.
In the event the amount drawn by the Company on any letter of credit is in excess of the actual amount required for B(1), B(2) or B(4), or in the case of B(3), the actual amount determined to be due, the Company shall promptly return to the Reinsurer the excess amount so drawn.

More Definitions of B-4

B-4. , means Bulletin B-4 issued by the Accounting Rules Commission of the Mexican Institute of Certified Public Accountants (Instituto Mexicano de Contadores Públicos, A.C.), in which accounting standards are set forth for comprehensive income .

B-4. , means Bulletin B-4 issued by the Accounting Principles Commission of the Mexican Institute of Public Accountants, non-profit organization, establishing the accounting standards regarding the integral profit.

B-4. , means Bulletin B-4 issued by the Accounting Principles Commission of Instituto Mexicano de Contadores Públicos, A.C., in which accounting standards regarding integral profits are established.