Money from equity investments does not need to be repaid, nor do dividends associated with stocks, as is the case with bonds. Since each issue of shares changes an investor`s ownership of the company, there is a limit to the amount of shares a company can issue, as dilution becomes an issue. Similarly, if a company wants to transfer…
Deferral and subordination The main provisions of an InterCreditor agreement regarding a commercial real estate project are usually subordination and postponement. Generally, a lender in a senior or higher position (i.e., the first mortgagee) requires each subordinate lender to acknowledge that it is the source of the previous lender`s security right in the property. The most important provisions of…
A statement is essentially a statement made by the court at the request of a party. This may relate to the rights of a party to the dispute or to the existence of certain facts or to a principle of law, whenever those rights, facts or principles have been established to the satisfaction of the court in accordance with…