[54] Less than his check out, any corporate reward, squander of assets or ultra vires assets transfer by which stockholders receive a reward might be a "dividend" in the meaning of the debentures. We can not concur.
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[AFR] agrees that As long as any past owing installments of principal remain unpaid it will never declare any dividends on any class of its cash stock
As the gasoline is introduced, it kinds bubbles in the liquid or stable material, which develop into trapped and stabilized by surface pressure. The surface pressure of the liquid or reliable material stops the bubbles from coalescing and collapsing, developing a steady foam.
Closed-mobile foam is usually extremely long lasting and can stand up to a variety of temperatures and weather conditions. It is usually used in purposes for example flotation products, padding, and gaskets.
Rigid foam is a sort of foam that is certainly characterised by its rigid and dense composition. It is typically created from polyurethane or polystyrene, which is applied in a variety of applications in which energy, toughness, and insulation are crucial.
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This morning, click here the MDL judge granted a joint motion to hold off the bellwether demo which was purported to begin these days. The choose has postponed the demo for three-weeks according to representations from both sides which the get-togethers are negotiating in fantastic faith and have made sizeable development toward a resolution.
[25] Futility of an motion at regulation on account of insolvency is held to become a factor in sustaining fairness jurisdiction Irrespective of availability of a legal remedy wherever jurisdiction in fairness and at law is concurrent.
Plaintiff and the individual defendants, professing these instances are inapposite, argue that exactly what is "taken care of as a dividend" need to be distinguished from what "constitutes a dividend." We agree.
Not surprisingly, the defendants item. The defense outlines numerous factors for denying the request. First, they point out that results of ongoing settlements with other functions could influence the Sovereigns�?statements. 2nd, you will find currently two bellwether processes in development and a 3rd staying designed, which need to be prioritized since they contain quite a few scenarios impacting A lot of people.
The defendants, having said that, insist that there's no credible proof to establish which the PFAS that contaminated Stuart’s h2o source arrived from their products. The City is seeking damages to compensate for the millions it invested to alleviate the contamination.
[11] The words "earnings and gains" as Employed in paragraph 5 were being outlined as "amassed profts a lot less all taxes, dividends and payments on account of principal of said debentures."
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