X.X. Xxxxxxshall have the meaning set forth in the preamble. Xx. Xxxxxxxxx Xxxxxx Xxxxxx generally accepted accounting principles consistently applied. Xxx XxxxxxXxxx Xxxxx” ”Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx” ...
Ownership of funds:In an FBO account, the funds are legally owned by the beneficiaries, not by the account holder (the business managing the account). Account holders act as a fiduciary, meaning they have a legal responsibility to manage the funds in the best interest of the beneficiarie...
Ground Leases shall have the meaning set forth in Section 4.15. Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease. Existing Lease shall have the meaning assigned thereto in Section 10.7. Superior Lease mean...
Ownership of funds: In an FBO account, the funds are legally owned by the beneficiaries, not by the account holder (the business managing the account). Account holders act as a fiduciary, meaning they have a legal responsibility to manage the funds in the best interest of the beneficiar...
Ownership of funds: In an FBO account, the funds are legally owned by the beneficiaries, not by the account holder (the business managing the account). Account holders act as a fiduciary, meaning they have a legal responsibility to manage the funds in the best interest of the beneficiar...
Ownership of funds: In an FBO account, the funds are legally owned by the beneficiaries, not by the account holder (the business managing the account). Account holders act as a fiduciary, meaning they have a legal responsibility to manage the funds in the best interest of the beneficiaries...