Besides, Obama had delivered a promissory note to the American people that he would overcome partisanship.
Then you each sell a 40% interest to the trusts in return for a promissory note of equal value.
Think about it as a loan that is being repaid with a promissory note to pay you even more back at a later date.
By early 1996 they had found an ingenious way to keep a creaky unpaid bill off the past-due ledger: Turn it into a promissory note.
Alternatively, can A assume the debt S Corporation 1 owes to S Corporation 2 in return for a promissory note from A to S Corporation 2?
Since the law is unsettled about what happens if a grantor dies with a promissory note outstanding, Doyle said, he advises clients to pay off the note before they die.
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In exchange for the stock the grantor takes back a promissory note, again bearing a government-specified rate of interest (currently less than 1% for a nine-year note) that locks the value of the stock in at the time of the transfer.
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Ownership has probably long-since passed to trusts for his descendants one popular tool is to transfer stock in exchange for a promissory note, setting the value of the transfer at a low level and allowing all the subsequent increase accrue to the beneficiaries.
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She sees that as valuable in itself, an exploration of how candidates would govern - a kind of manifesto in a country that does not go in for manifestos, a promissory note for the next four years, during which one of the two will be in the White House.
Frankly, this is as garden-variety a breach-of-promissory-note case as there is.
The promissory note arrangements could have been considered a violation of Article 123.2.
An alternative to the promissory note arrangement is considered in which a 40-year bond is used as collateral for regular ECB loans which replace an equivalent amount the ELA debt.
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He eventually began making monthly payments on the promissory note, but otherwise this was pretty much a sham.
Here is a spreadsheet that I have put together that illustrates why a long-term bond is preferable for Ireland to the current promissory note arrangements.
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The sole FINRA Arbitrator hearing this dispute rendered a very thoughtful rationale in place of the usual terse ruling on these promissory note cases.
Among his other activities, the Trustee filed an adversary action against the Lender, seeking to set aside the Promissory Note and Security Agreement as to Tanglewood, on the basis that the transaction was a fraudulent transfer and therefore avoidable.
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