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A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s ...
Kimber Manufacturing is an American company that designs, manufactures, and distributes small arms such as M1911 pistols, Solo pistols, rifles, and revolvers. The USA Shooting Team , Marines assigned to Special Operations Command , and the LAPD SWAT team [ 1 ] have used Kimber pistols in the past.
Kimber has also produced several higher-end full-sized model 1911 pistols that are closely based on the Custom, but are not considered part of the Custom line due to their additional features and higher price. These include the following: Eclipse Custom II, with bi-tone stainless and black finish and night sights.
Owner financing agreements can be structured in a number of ways, including as a second mortgage, a rent-to-own contract or a wraparound loan. Owner financing tends to benefit the seller more so ...
When used in the context of residential real estate, it is also called "bond-for-title" or "owner financing." [ 1 ] Usually, the purchaser will make some sort of down payment to the seller, and then make installment payments (usually on a monthly basis) over a specified time, at an agreed-upon interest rate , until the loan is fully repaid.
Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]
The Kimber Aegis is a series of M1911 pistols chambered in 9mm Luger as well as .45 ACP and is manufactured by Kimber Manufacturing.It includes the subcompact Ultra Aegis II, the compact Pro Aegis II, and the full-sized Custom Aegis II.
Johnnie Jefferson, an 85-year-old resident of Richmond, Texas, says she faces the heartbreaking prospect of losing the six-bedroom house she has lived in for more than 20 years after a ...