Debt Settlement. Debt settlement actions for Economic Opportunity Co- operative loans must be handled under the Federal Claims Collection Act; pro- posals will be submitted to the Na- tional Office for review and approval. § 1951.232 Water and waste disposal systems which have become part of an urban area. A water and/or waste disposal system serving an area which was formerly a rural area as defined in § 1942.17(b)(2)(iii) and (iv) of subpart A of part 1942 of this chapter, but which has become in its entirety part of an urban area, will be serviced in accord- ance with this section.
Debt Settlement. It is understood among the Parties that the Debtor has an exceptional debt with the Credit. Post-Payment. After payment was made by the debtor, the creditor undertakes to remove the outstanding debt from the credit agencies.the creditor declares that they will not make further information that could damage the debtor's credit report. with the subscription, the parties agree to comply with the terms and conditions of this Agreement. signature of the debtor # date download it using one of the three buttons presented on this page to choose the format you prefer (adobe pdf, microsoft word (.docx,) or open document text (.odt) 2 – to produce the required information different information will need to be necessary to balance the formulation of this contract. to begin with, we will solidify the parties that intend to enter into this contract. First, we will identify the creditor. that is, the party that holds the debt. register the legal name of the credit on the first blank space in the first paragraph. then, using the second empty line, document the road address of the creditor. Finally, the third and fourth empty space will need the city and the state associated with the address of via the creditor provided on them. Then, we will identify the debtor. this is the party obliged to meet the debt due to the creditor. We will have to document the same information as the creditor in the rest of this paragraph. identify the fifth vacuumin this paragraph then, document the full name of the debtor on it. Continue the Debtor relationship with its address, city and state of residence on the sixth, seventh and eight empty spaces. Many other areas will also require information, starting with “I. Effective Dates.” This is the date on which the terms of this Agreement will become active or effective. Record the name of the month, the day of two digits, and the year of two digits of the first day of the calendar this agreement becomes active. Subsequently, in “II. Debt Present,” we will need to document the full current debtor is obliged to pay the creditor. Use the empty line place after the dollar sign in this statement to record this amount of money. The third element, “III. Debt of regulation,” requires the debt tax set for the purposes of this document provided to the blank line. This is the amount of money that the debtor has agreed to pay in the manner defined here in exchange for the debtor's forgiveness. Insert this amount on the blank line following the dollar sign ...
Debt Settlement. 1.01 The Company will pay and satisfy the Debt by issuing the Shares to the Creditor at a deemed price of US$0.025 per share for an aggregate amount equal to the Debt payable on October 1, 2003.
Debt Settlement. 1.05 Issuing the Common Stock to the Creditor at a deemed price of US$ 0.50 per share for an aggregate amount equal to Twenty Two Thousand Five Hundred and Thirteen Dollars (US $22,513 (the “Debt”);. The Common stock will be issued in reliance upon the exemption from securities registration pursuant to Section 4(2) and/or Regulation S promulgated by the U.S. Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the “1933 Act”). The certificates representing the Common Stock will bear legends in substantially the following form: 45 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”) OR OTHER APPLICABLE SECURITIES LAWS. THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) IN ACCORDANCE WITH THE PROVISIONS OF REGULATIONS S, RULE 901 THROUGH RULE 905, AND PRELIMINARY NOTES UNDER THE 1933 ACT OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE1933 ACT.”
Debt Settlement. 1.03 Issuing the Common Stock to the Creditor at a deemed price of US$1.03 per share for an aggregate amount equal to the Debt payable on September 30th, 2005. The Common stock will be issued in reliance upon the exemption from securities registration pursuant to Section 4(2) and/or Regulation S promulgated by the U.S. Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the “1933 Act”).
Debt Settlement. (i) After Closing, GGRI shall cause the debt in the approximate amount of $60,000 due and owing to that certain creditor (the “Creditor”), as reflected on the financial statements of GGRI as of September 30, 2011 (the “$60,000 Debt”) to be settled by issuance to the Creditor and/or his designee an aggregate of 25,000,000 shares of common stock. (ii) Pursuant to the ORE Acquisition Agreement, GGRI agreed within ninety days after closing of that transaction, to cause the debt in the approximate amount of $152,000 due and owing to Xxxxxxxxx Xxxxxxxxx (“Jovanovic”), as reflected on the financial statements of GGRI as of September 30, 2011 (the “Jovanovic Debt”) to be settled by payment to Jovanovic. Despite the rescission of the ORE Acquisition Agreement, the obligations of GGRI in respect of the payments of the Jovanovic Debt set out in the ORE Acquisition Agreement shall be satisfied by virtue of this agreement.
Debt Settlement. Far Resources has also completed a shares for debt arrangement with certain of its creditors. The Company has issued 133,334 common shares (the “Shares”) in the equity of the Company to acquit invoices totaling $12,000 from consultants and insiders who have provided services to the Company. The Shares carry a restriction from trading for a period of four months and one day from the date of issue. About the Company Far Resources Ltd. is an exploration company, publicly traded on the Canadian Securities Exchange under the symbol FAT, focused on the identification and development of high potential mineral opportunities in stable jurisdictions. ### ON BEHALF OF THE BOARD OF DIRECTORS OF FAR RESOURCES LTD. Xxxxx X. Xxxxxxxx, President 000-000-0000 The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Debt Settlement any event resulting in a partial or complete repayment of the Debt, including in particular: a) repayment,
Debt Settlement. On 18 February 2021, the Company, the Provisional Liquidators and Secured Creditor A entered into Debt Settlement Agreement A, pursuant to which Secured Creditor A shall release and discharge the BC Collateral held by it, and all claims, rights and interests against the Company and certain Group companies with effect from the Completion.
Debt Settlement. On 18 February 2021, the Company, the Provisional Liquidators and Secured Creditor A entered into Debt Settlement Agreement A, pursuant to which Secured Creditor A shall release and discharge the security held by it in respect of the BC Collateral, and all claims, rights and interests against the Company and certain Group companies with effect from Completion. As at the date of this announcement, Debt A amounts to approximately HK$100.17 million. As at the date of this announcement, Xxxxxxx China has ongoing legal proceedings in the PRC in respect of certain disputes over the ownership of its associate, namely the Steel JV. Hearings in respect of the Proceedings were held on 19 March 2021 and 19 April 2021 in the Yichun Intermediate People’s Court, Jiangxi Province, the PRC, and the Court is in the process of making a determination and handing down a judgment. Further announcement(s) in this regard will be made by the Company as and when appropriate. Pursuant to Debt Settlement Agreement A, the amount to be received by Secured Creditor A for the settlement of Debt A shall depend on the results of the Proceedings. Should the Proceedings be finally determined in favour of Burwill China and there is no further right of appeal by the parties to the Proceedings, or the counterparty(ies) withdraw(s) from the Proceedings other than by way of a settlement, such that the Group retains equity interest in the Steel JV without incurring additional costs (i.e. the Successful Scenario), Secured Creditor A would be entitled to HK$35.00 million (i.e. the Secured Settlement Amount) and an amount equating to X calculated as below. Should the Proceedings be finally determined in favour of the counterparty(ies) to the Proceedings and there is no further right of appeal by the parties to the Proceedings, or Burwill China withdraws from the Proceedings, or under any other scenarios (including without limit a settlement amongst the parties) which result in the cessation of the Proceedings (i.e. the Other Scenarios), the BC Collateral would be rendered valueless and the entire amount of Debt A (including the Secured Settlement Amount) shall be regarded as unsecured debt, and Secured Creditor A would be entitled to an amount equating to Y calculated as below. Pursuant to Debt Settlement Agreement A, the Administrators shall hold an amount equating to B as calculated below until the Proceedings have been finally determined and there is no further right of appeal by the parties to t...
