Examples of Owned Contracts in a sentence
Pursuant to the FMAC Plan, at the option of the Company and subject to certain conditions, the Company may distribute the Stock Option Shares to FMAC or at the request of FMAC and pursuant to its instructions directly to the unsecured creditors of FMAC, in lieu of FMAC's right to receive all or a portion of distributions under the Excess Collections Split (including both recoveries under the Excess Collections Split from the Owned Contracts and the B Pieces) in cash.
Usage is dis- couraged and will be removed in the future.All these transfer functions can be sent to Externally Owned Contracts , but also on Contract Accounts .
For Individually Owned Contracts: • The Covered Person is the Contract Owner as of the Rider Effective Date.
In the event that Cygnet is then servicing the Owned Contracts and the Securitized Pools, Cygnet agrees to advise the Company at least 20 days prior to the date upon which cash distributions under the Excess Collections Split are likely to begin and to provide the Company with an estimate as to the likely amount and timing of such cash distributions.
In addition, the liabilities being transferred to Cygnet include a guarantee of a specified return on certain contracts (the "Owned Contracts") sold to a third party purchaser (the "Contract Purchaser") in connection with the FMAC transaction, subject to a maximum guarantee amount of $10 million (the "Owned Contract Guarantee").
General Question: Minority/Woman Owned Contracts - It appears that you are concerned with setting aside part of this project to minority contractors which is good.
Any reference in this Section to a party owning or transferring Contracts, Owned Contracts, Additional Contracts, HW Contracts, SPV Contracts, Additional SPV Contracts and Unpledged Contracts includes all Related Security with respect thereto.
After the Effective Date, Cygnet will service the FMAC contract portfolios relating to the Owned Contracts and the B Pieces.
Trustee Owned Contracts While this Contract is owned by the trustee of a plan described in section 401(a) of the Code, the Death Before the Annuity Start Date provision of Section 6 may not apply.
For Non-Naturally Owned Contracts: • The Covered Person is the Annuitant as of the Rider Effective Date.