Buyer will not make deductions from its fees to Seller for taxes, insurance, bonds or any other subscription of any kind. On request, Seller shall provide Buyer with proof of timely payment thereof. 6. CHANGES. From time to time during the term of the Agreement, Buyer may...
“Straddle Period” means any Tax period that includes but does not end on the Closing Date. “Subsidiary” means, with respect to any Person, any corporation, partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of...
(9)Topurchase,acquire, subscribe, underwrite, hold, dispose of and otherwise howsoever deal with any such shares, stock, debentures, debenture stock, bonds, notes, obligations and other securities, commodities and other investments of any nature whatsoever (whether or not income producing), and an...
1.20. “Indebtedness” of any Person means all obligations of such Person (i) for borrowed money, (ii) evidenced by notes, bonds, debentures or similar instruments, (iii) for the deferred purchase price of goods or services (other than trade payables or accruals incurred in the ordinary cour...
PURCHASE PRICE: The purchase price bid for the Bonds shall not be less than the principal amount of the Bonds ($10,200,000) nor more than 102% of the principal amount of the Bonds ($10,404,000). INTEREST RATES: Bidders must specify the rate of interest with respect to each maturity ...
Question: The largest percentage of household spending is used to: a. pay taxes. b. purchase services. c. purchase durable goods. d. purchase nondurable goods. Durable and Non-Durable Goods: The durable goods are that category ...
(i) the sum of all indebtedness (a) for borrowed money, including any related prepayment fees or expenses (including overdraft facilities) (whether short term or long term) or any loans from shareholders, (b) for the deferred purchase price of property, (c) evidenced by notes, bonds, deben...
sold through financial institutions. With today’s announcement, the total amount an individual can purchase in online savings bonds in one calendar year is $20,000. An investor still can purchase up to $5,000 annually in Series I paper savings bonds using his/her tax refund and IRS Form ...
(b) Any insurance policies, promissory notes, amounts due to Sellers from employees, bonds, letters of credit, certificates of deposit, or other similar items, and any cash surrender value in regard thereto; provided, that in the event Seller is obligated to assign to Buyer the proceeds of ...
Title Company will invest and reinvest the Xxxxxxx Money Deposit, at the instruction and sole election of Purchaser, only in (a) bonds, notes, Treasury bills or other securities constituting direct obligations of, or guaranteed by the full faith and credit of, the United States of America, ...