Relco definition
Examples of Relco in a sentence
Concerning the control factor, the Tax Court in ▇▇▇▇▇▇▇ found that although the taxpayers did not directly control the leasing activities of Relco, they did insert provisions in the agreement requiring Relco to keep adequate records of the car's operation; to use its best efforts to lease the car; to obtain insurance coverage for the car naming taxpayers as co- beneficiaries; and to pay the net earnings of the car to taxpayers within ninety days after the end of the calendar quarter.
The taxpayers agreed to pay Relco a quarterly fee equal to 35 percent of the gross operating profit earned by the car and to defend and hold Relco harmless from any loss or damage to the car.
Seller, Relco and Buyer wish to amend the Agreement and Buyer wishes to assign the Agreement partially to Assignee as, and only as, set forth in this First Modification.
Memo 1977-270, the taxpayers owned a railroad tank car and entered into a "management contract" with Relco Tank Lines pursuant to which Relco agreed to perform all administrative functions necessary to operate the car (including collecting the mileage or per diem earnings); to repair and maintain the car; to keep records of the car's operation; to insure the car; and to use its "best efforts" to lease the car to shippers, railroads, or others.
Mulgrave, Australia 100% Relco Land Holdings of Cedar Rapids, LLC……………………………………………… Albia, Iowa 100% Relco Locomotives, Inc…………………………………………………………………… Albia, Iowa 100% RFPC Holding Corp… ....................................................................................................
Texas 100% Railroad Friction Products Corporation Delaware 100% RCLP Acquisition LLC Texas 100% Relay Monitoring Systems Pty Ltd Australia 100% Relco Land Holdings of Cedar Rapids, LLC Iowa 100% Relco Locomotives, Inc Illinois 100% RFPC Holding Corp Delaware 100% Ricon Corp.
Concerning the risk of loss factor, the court acknowledged that the taxpayers agreed to reimburse Relco upon demand for any expenses incurred by the tank car in excess of a $ 200.00 reserve and to defend, indemnify, and hold Relco harmless from and against all risk of loss or damage to the tank car as well as all claims, damage, expenses or liabilities incurred by, or asserted against Relco, as a result of the operation, possession, control or use of the tank car.
Seller, Relco, Buyer and Assignee have executed this First Modification effective the FM Effective Date.