'For the avoidance of doubt, and for an instrument to be treated as paid-up share capital, the following criteria among others must be satisfied: It must represent the most subordinated claim in liquidation of the insurer/ reinsurer; the investor is entitled to a claim, only on the residual assets
that is proportional with its share of issued capital, after all, senior claims have been paid in liquidation (i.e has an unlimited and variable claim, not fixed or capped claim); the principle is perpetual and never repaid outside of liquidation.
Rather, they are still owned by Kedipes (since renamed to Sedipes), the asset management company set up to dispose of the defunct CCB's residual assets
Appointing someone you trust can be key when hard decisions need to be made regarding residual assets
or where money in the estate needs to be spent.
UK Financial Investments (UKFI) was set up in November 2008 and mandated by the UK government to manage HM Treasury's shareholdings in the Royal Bank of Scotland Group and in UK Asset Resolution, which holds the residual assets
of NRAM plc and Bradford and Bingley.
(A-/Stable) or the latter's London branch, during the course of the year with the exception of a small portfolio of residual assets
that will remain in ANTS and be held until their maturity.
The initiative, which every listed company is required to include as part of their annual accounts, specifies the rights of shareholders in companies which include right to elect and remove directors, right to appoint and remove auditors, the passing of special resolution at a general meeting, right to contest election to the board of directors, right to residual assets
at the time of winding up and the right to receive copies of annual accounts.
We anticipate more second- or third-generation ultra wealthy individuals, accustomed to money and who are becoming more interested in having those with more lasting impact, to play an important role in our latest endeavor, said Sparrow who has been developing real estate for over 25 years, and more specifically yield-based residual assets
over the last 12 years.
* Follow-up visits with departments are conducted to verify any residual assets
If the company goes bankrupt, the common stock holders would have the "residual assets
of the company after discharge of all senior claims such as secured and unsecured debt".
Block's mix of refurbished imaging equipment solutions also includes leasing & financing options, interim rentals, parts support, an economical service alternative knows as Flex Service, complete project management as well as consignment plans for high value, high residual assets
. Block Imaging solutions can be viewed at www.blockimaging.com.
They differ from standard bonds in that investors have specific recourse to the assets that secure ('cover') the bonds in the event of default, as well as retaining a claim on the residual assets
of the issuer.