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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.
Example of a convertible ARM loan. Rashawn takes out a 30-year 5/1 adjustable-rate mortgage for $350,000 with a conversion option. The interest rate for the first five years of his convertible ...
The remedy for conversion is usually in the form of damages equal to the fair market value of the chattel at the time of conversion. [ 173 ] [ 174 ] The converter can offer to return possession of the chattel to the complainant, but the complainant is not obligated to accept.
Nationwide data from the U.S. Energy Information Administration [7] shows that Texas's electric prices did rise above the national average immediately after deregulation from 2003 to 2009, but from 2010 to 2015, prices dropped significantly below the national average price, with a total cost of $0.0863 per kWh in Texas in 2015 vs. $0.1042 ...
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Equitable conversion is a doctrine of the law of real property under which a purchaser of real property becomes the equitable owner of title to the property at the time he/she signs a contract binding him/her to purchase the land at a later date.
The conversion ratio is the number of shares the investor receives when exchanging the bond for common stock. The conversion price is the price paid per share to acquire the shares when exchanging the bond for common stock. [6] Market conversion price: The price that the convertible investor effectively pays for the right to convert to common ...
Texas Senate Bill 4 was first introduced into the Texas Legislature on November 15, 2016. [7] It passed the Texas Senate on February 8, 2017, by a vote of 20–10. [ 8 ] The bill then went to the Texas House of Representatives , where it passed on April 27, 2017, by a vote of 94–53, with one representative voting "present."
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