Forfeiture Action definition

Forfeiture Action means any action, including investigations, hearings, and other legal proceedings, before any court, tribunal, commission, or governmental authority, agency, or instrumentality, whether domestic or foreign, that may result in seizure of any property or asset.
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Forfeiture Action means the action identified in the column, “Forfeiture Action,” in the chart below.
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Forfeiture Action means any and all steps taken by any Landlord under any Lease:
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Examples of Forfeiture Action in a sentence

  • The Forfeiture Action is essentially complete because judgments of forfeiture have been entered against all defendant properties.

  • In the event the Licensee brings a court action challenging any forfeiture declaration or termination of this Telecommunications License by the City ("Forfeiture Action"), the City agrees that it will stay execution of the Forfeiture Action pending any court action by Licensee challenging the Forfeiture Action and a final court order on such challenge ("Final Court Order").

  • See infra § VI.The Forfeiture Action and the FBI’s administrative forfeiture proceedings are complete, and the Receiver has sold all material assets.

  • When the final settlement agreement has been reduced to writing and signed by all parties, the Receiver will provide a copy of the settlement to this Court.6. Federal Criminal Conviction / Federal Civil Forfeiture Action against Paul Donisthorpe: Paul A.

  • If the Final Court Order upholds the Forfeiture Action and Licensee fails to cure any and all material breaches giving rise to the Forfeiture Action within thirty (30) days after the Final Court Order, the City may enforce the Forfeiture Action.

  • Compliance with Burnaby bylaws was referentially incorporated into the federal approval.

  • A Forfeiture Action is required, and Administrative Forfeiture is not available.

  • See infra § VI.The Forfeiture Action and the FBI’s administrative forfeiture proceedings are largely complete, and pursuant to the MOU, the Receiver has begun listing and marketing the relevant properties for sale, arranging auctions, and seeking potential purchasers through appropriate and cost-effective means.

  • For example, the Government’s initial response to Honig’s request for an order establishing his priority was an unequivocal statement that lien priority is not properly resolved in this Forfeiture Action Not surprisingly, that led to more motion work and to thefiling of the separate Wrongful Levy Action.

  • Notice of Forfeiture Action; Avoidance of ForfeitureAt least 30 days before initiating forfeiture action, the Inspector shall provide written notice to both the responsible party and all principals and sureties by certified mail with receipt, express mail with receipt, or hand delivery that:1.


More Definitions of Forfeiture Action

Forfeiture Action means the proceeds received from the sale of Company Common Shares to a Company Shareholder in the aggregate amount of $650,000 which amount may be subject to a forfeiture claim pursuant to a forfeiture judgment against such Company Shareholder in the U.S., as disclosed by the Company to Caracara.
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Related to Forfeiture Action

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Forfeiture means that portion of a Participant's Account that is not Vested, and occurs on the earlier of:

  • Forfeiture Event means the occurrence of at least one of the following (a) the Company is required, pursuant to a determination made by the Securities and Exchange Commission or by the Board, or an authorized subcommittee of the Board, to prepare a material accounting restatement due to the noncompliance of the Company with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Board determines that (1) the Participant knowingly engaged in the misconduct, (2) the Participant was grossly negligent with respect to such misconduct or (3) the Participant knowingly or grossly negligently failed to prevent the misconduct or (b) the Board concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Company.

  • Risk of Forfeiture means a limitation on the right of the Participant to retain Restricted Stock or Restricted Stock Units, including a right in the Company to reacquire shares of Restricted Stock at less than their then Market Value, arising because of the occurrence or non-occurrence of specified events or conditions.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • forfeiture order means a forfeiture order referred to in section 61(1);

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Remediation Period has the meaning specified in Section 8.2(a);

  • Contract Award Date means the date of the Contract award notice, which may take the form of a purchase order, signed Contract or Notice of Award, issued by the Authority.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Vesting mean that the Units have become non-forfeitable. If Employee has a Termination of Employment prior to the Stated Vesting Date and the Units are not otherwise deemed vested by that date, the Units will be immediately forfeited except as otherwise provided in Section 4 of the Terms and Conditions.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Erroneous Payment Return Deficiency has the meaning assigned thereto in Section 10.12(d).

  • Adverse employment action means an action that affects an em- ployee ’s compensation, promotion, transfer, work assignment, or performance evaluation, or any other employment action that would dissuade a reasonable employee from making or supporting a report of abuse or neglect under Family Code 261.101.

  • Joint Remediation Committee has the meaning set forth in Section II.A.2.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Defaulting Participant means a Participant which the Project Committee has declared to be in substantial breach of this Consortium Agreement or the PPP Allowance Agreement in accordance with Sections 3.5 and 6.5 of this Consortium Agreement;

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Avoidance Action means any claim or cause of action of an Estate arising out of or maintainable pursuant to sections 502, 510, 541, 542, 543, 544, 545, 547, 548, 549, 550, 551, or 553 of the Bankruptcy Code or under any other similar applicable law, regardless of whether or not such action has been commenced prior to the Effective Date.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the