accordance with the laws of the Republic of the Philippines‚ with office and principal place of business at Purok 3‚ Bagumbayan‚ Daraga‚ Albay‚ represented by DENNIS G. MACANDOG‚ hereby declares as follows: 1. DENNIS G. MACANDOG‚ is the LESSE‚ in the Lease Contract No.029075800027‚wherein BPI Leasing Corporation‚ a corporation organized and existing under and accordance with the laws of the Republic of the Philippines‚ with principal office and place of business at 15th Floor‚ BPI Buendia Center‚ 372
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What is a SMSF Defined as having the following characteristics: * They have less than 5 members * Each member of the fund is a trustee * No member of the fund is an employee of another member‚ unless those members are related * All trustees are members of the fund * No trustee receives remuneration for his or her services as a trustee WHAT IS A RELATED PARTY A ‘related party of the fund’ includes the SMSF members‚ relatives of the SMSF members‚ and any partnerships
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Shaira Dalican‚ Annesherica Flores‚ Carl Michael Seno‚ Charina Fernandez vs. Amagna G.R. No. 152614 (September 30‚ 2009) 601 SCRA 330-350 Facts: Salvador A. Fernandez‚ the lessee‚ and Cristina D. Amagna‚ the lessor‚ had a verbal lease agreement on a monthly basis. A lease on a month-to-month basis provides for a definite period and may be terminated at the end of any month by failure of the lessee to pay the rents due for a particular month that is stipulated under Article 1687. On September 23‚ 1996
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Abstract This paper deals with a proposal that was submitted approximately a year ago to address Prudential New Jersey ’s Martinsville office growing need of technology standardization. The proposal‚ which was accepted then implemented by two friends and me as a "moonlight" job‚ was to fully automate their agents ’ data and communication processes through the use of computer equipment and peripherals. In doing so‚ we hoped to alleviate the agents ’ dependence on physically being in the office
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Penn‚ testified to having submitted a letter the D.C Housing Division stating that the basement was unoccupied and would remain unoccupied until the violations were corrected. The defendant contested that rent was not due‚ due to the fact that the lease was illegal. Even though the defendant testified that the premises we habitable in spite of the Housing Regulation violations. She claimed the contract should be void due to the specific language in Section 2304 of the District of Columbia Housing
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tenants-transparency and honesty. Facts: A residential townhouse unit in an exclusive subdivision was leased to Mr. Park for a year. The lease agreement includes a provision that the tenant/s must comply with the Townhouse Rules and Regulation. It includes that unit should not be used as boarding or lodging house or any business that is open to the public. Also‚ the contract of lease says that there should be a maximum of five tenants. There’s no more specification on who are the tenants. Within a month‚
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‚ they would more than likely be using smart locomotives that come equipped with onboard computers that can identify any mechanical problems as they arise. This would also help to provide progressively higher levels of customer service. The lease arrangement would consistently be a lower cost option for CBN than purchasing new locomotives. This would help with some of the fixed cost associated with the railways. A variable cost that would be affected by the leasing of the equipment would be labor
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to run.The leasing charges of Ksh.s 40000 are fixed for the term of the lease .For the firm the short run will be two years‚ as part of their costs are fixed for this period of time.If at the end of the two year period they are able to negotiate better leasing terms because they have established the company as a good risk‚ or bercause they now wish to lease 7 vans‚ they are benefiting from economies of scale . Alternatively they
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compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year noncancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from the lease are listed below. Provision 1 Big Bear pays Stipe‚ Berry‚ Mills and Buck LLP‚ its external legal counsel‚ $500‚000 in connection with negotiating the lease agreement. Big Bear is also required to
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I = Increase in capital lease obligation b. Please provide a 1-2 paragraph explanation. Exercise 3-2 (20 minutes) a. The effects of a long-term capital lease on a lease are much like that of equipment purchases using installment payment debt. This type of lease transfers all the benefits and risks to the ownership is accounted for as an asset and liability incurrence by the lessee. If a lease is classified as capitalized‚ both the leased asset and the lease obligation are recognized on
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