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”  To obtain the SBA’s prior approval, the PPP lender must submit to the SBA a request for approval including, (i) the reason that the PPP borrower cannot repay the PPP loan or escrow funds with the PPP lender as described in Section IV above, (ii) the details of the transaction, (iii) a copy of the PPP promissory note, (iv) any letter of intent and the purchase or sale agreement setting forth the responsibilities of the PPP borrower, seller (if different from the PPP… [read post]
21 Jan 2023, 6:07 pm by admin
PROMOTION OF INITIATED MASS TORTS As noted, within days of publication of the JNCI article on hair straighteners and uterine cancer, lawyers filed cases against manufacturers and sellers of hair straighteners. [read post]
  Such violations included: Failing to reduce APRs to the appropriate level because the creditors could not identify the lowest rate applicable to the acquired accounts due to their failure to obtain this data from the seller at the time of  acquisition. [read post]
 The Participation Agreement is based on the widely adopted model participation agreement form developed by the Loan Trading and Syndication Association (the LSTA) for par and near par loan transactions (but with some important distinctions described below), and sets forth (i) the framework for the Main Street SPV’s participation in a Main Street loan, including mechanisms for the sharing of payments, costs and expenses, (ii) representations, warranties, indemnification and standard of… [read post]
 The Participation Agreement is based on the widely adopted model participation agreement form developed by the Loan Trading and Syndication Association (the LSTA) for par and near par loan transactions (but with some important distinctions described below), and sets forth (i) the framework for the Main Street SPV’s participation in a Main Street loan, including mechanisms for the sharing of payments, costs and expenses, (ii) representations, warranties, indemnification and standard of… [read post]
”  To obtain the SBA’s prior approval, the PPP lender must submit to the SBA a request for approval including, (i) the reason that the PPP borrower cannot repay the PPP loan or escrow funds with the PPP lender as described in Section IV above, (ii) the details of the transaction, (iii) a copy of the PPP promissory note, (iv) any letter of intent and the purchase or sale agreement setting forth the responsibilities of the PPP borrower, seller (if different from the PPP… [read post]
16 Sep 2024, 4:19 am by Franklin C. McRoberts
The Specific Performance Counterclaim and the Dueling Summary Judgment Motions On remand, Leogrande filed an answer with a single counterclaim for specific performance, a cause of action which, as we have written, is well suited to enforce buy-sell agreements against recalcitrant buyers or sellers (see Estate of Collins, Neville, Roadie and Shaw, and Berle). [read post]
12 Oct 2010, 2:36 am by Gary Nitzkin
At closing, the buyer and seller sign their respective papers including the deed or deed of trust, and the borrower signs the note and mortgage, then the closing officer hands out a title insurance policy and checks drawn on the title company’s bank account, to which the lender supposedly wired money earlier that day or the day before. [read post]
3 Oct 2017, 4:00 am by Ken Chasse
What all apps do not in themselves provide, is the solicitor-client relationship with its many benefits, which benefits cannot be provided by the buyer-seller relationship of transactions involving apps when used without lawyers. [read post]
30 Aug 2022, 7:10 pm by Bill Marler
  At all times relevant hereto, the Defendants were manufacturers and sellers of the adulterated food product that is the subject of the action. [read post]
28 Apr 2010, 7:31 am by admin
  Beaming, he reported that he had walked away from the deal, leaving the $50,000 behind, only to sign a new P&S with the same seller several weeks later, at a price $400,000 lower. [read post]
Supplemental bonding: Current regulations – BOEM can require additional security based on an evaluation of a lessee’s ability to carry out present and future obligations demonstrated by five factors: (i) financial capacity substantially in excess of existing and anticipated lease and other obligations as evidenced by audited financial statements; (ii) projected financial strength significantly in excess of existing and future lease obligations based on the estimated value of existing OCS… [read post]
10 Jul 2019, 4:17 am by Hedge Fund Lawyer
  However, raising money in this manner does not put the seller’s tokens in the hands of a mass audience which is an important element for groups who are trying to obtain network effects for their project. [read post]
27 Feb 2012, 7:42 am by Stikeman Elliott LLP
Glenn Cameron, Susan Hutton and Lisa McDowell - Despite uncertainty and slow growth in the US and Europe, Canada has continued, for the most part, to post impressive economic results. [read post]
23 May 2008, 1:03 am
Here is IP Think Tank’s weekly selection of top intellectual property news breaking in the blogosphere and internet. [read post]