Legal documents

American IRA Releases Guide to Secured and Unsecured Promissory Notes

Retrieved on: 
Wednesday, November 28, 2018
Economy, Finance, Money, Loans, Real estate, Personal finance, Legal documents, Credit, Promissory note, Self-directed IRA, Collateral

One problem: secured and unsecured promissory notes can be difficult to understand.

Key Points: 
  • One problem: secured and unsecured promissory notes can be difficult to understand.
  • That is why American IRA, a Self-Directed IRA administration firm based in North Carolina, recently took to its blog to explain how these notes work.
  • In the case of using a promissory note through a Self-Directed IRA, the Self-Directed IRA itself is the lender, with the borrower agreeing to repay a certain sum to the IRA during a specified length of time.
  • As the post explained, an unsecured promissory note does not pledge any collateral to the Self-Directed IRA in this case.

Key Employment Rights

Retrieved on: 
Saturday, November 24, 2018
Legal documents, Brief

Friday, November 23, 2018This briefing provides an overview of key statutory employment rights.

Key Points: 
  • House of Commons Library

    This briefing provides an overview of key statutory employment rights.

  • Summary

    This briefing paper sets out the basic architecture of a range of statutory employment rights andprovides links to underpinning legislation.

  • The papercovers the following areas:

    For each area, the paper adopts the following structure:

    Sources of employment rights advice

    This paper is not a substitute for legal advice.

  • For a discussion of sources of legal advice, see the Librarys briefing on legal advice and help in employment matters.

KBR, Inc. Announces Pricing of $350 Million 2.50% Convertible Senior Notes Due 2023

Retrieved on: 
Tuesday, November 13, 2018
Finance, Economy, Money, Legal documents, KBR, Promissory note, Corporate finance, Option, Convertible bond

KBR has granted the initial purchasers an option to purchase up to an additional $52.5 million principal amount of notes, solely to cover over-allotments, if any.

Key Points: 
  • KBR has granted the initial purchasers an option to purchase up to an additional $52.5 million principal amount of notes, solely to cover over-allotments, if any.
  • Prior to May 1, 2023, the notes will be convertible only upon satisfaction of certain conditions and during certain periods.
  • Thereafter, the notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.
  • Upon any conversion of the notes, KBR's intention is to settle the principal amount of the notes in cash.

One Legal Becomes Certified Electronic Filing Service Provider for Los Angeles Civil

Retrieved on: 
Tuesday, October 30, 2018
Legal documents, Legal procedure, Filing, Law, Electronic court filing, Los Angeles County Superior Court, Online law databases, Judicial branch of the United States government

LOS ANGELES, Oct. 30, 2018 /PRNewswire/ -- One Legal , California's leading court filing and service of process solution, has been officially selected as an approved electronic court filing service provider in Los Angeles Superior Court (LASC) for Civil case types.

Key Points: 
  • LOS ANGELES, Oct. 30, 2018 /PRNewswire/ -- One Legal , California's leading court filing and service of process solution, has been officially selected as an approved electronic court filing service provider in Los Angeles Superior Court (LASC) for Civil case types.
  • The Los Angeles court chose Journal Technologies Incorporated (JTI) to provide a case management system to receive electronic filings.
  • The court has opted to allow an open filing system, permitting select electronic filing service providers, such as One Legal, to integrate with JTI to ensure a positive experience for filers.
  • One Legal offers court filing in every superior court in California and is a certified provider in all 19 courts that have so far implemented electronic filingas well as being a certified eFiling service in the states of Illinois, Indiana, and Texas.

AJC Brief Opposes Justice Department Attempt to Encumber Federal Grants to Local Police

Retrieved on: 
Friday, October 12, 2018
Law, Legal documents, Amicus curiae, Roman law, Appeal, Brief

NEW YORK, Oct. 12, 2018 /PRNewswire/ --AJC has filed an amicus brief in the U.S. Court of Appeals for the Third Circuit supporting Philadelphia's challenge to additional conditions imposed by the U.S. Justice Department on its grants for local law enforcement.

Key Points: 
  • NEW YORK, Oct. 12, 2018 /PRNewswire/ --AJC has filed an amicus brief in the U.S. Court of Appeals for the Third Circuit supporting Philadelphia's challenge to additional conditions imposed by the U.S. Justice Department on its grants for local law enforcement.
  • AJC urged the appellate court to affirm the lower court decision so that the grants can continue.
  • "AJC has consistently challenged government actions against immigrants that lack a legal foundation, and which are antithetical to the values of AJC and the United States," states the AJC brief.
  • The AJC brief was prepared by Adam S. Lurie of Linklaters LLP in Washington, D.C. and several associates of the firm.

LeaseLock Integrates with Yardi to Accelerate Nationwide Rollout with Top Multifamily Clients

Retrieved on: 
Wednesday, October 10, 2018
Economy, Finance, Money, Contract law, Legal documents, Leasing, Property, Renting, Lease, Insurance

LeaseLock is the first nationwide lease insurance program, protecting more than 1 million rental units.

Key Points: 
  • LeaseLock is the first nationwide lease insurance program, protecting more than 1 million rental units.
  • Operators who have replaced security deposits with LeaseLock include Avenue5 Residential, Lennar Multifamily Communities, ROCO Real Estate and The Bainbridge Companies.
  • The integration into Yardi automates the entire LeaseLock process, making the application process for renters and leasing professionals quick and seamless.
  • LeaseLock is the first nationwide A-rated (Excellent) lease insurance program, protecting more than 1,000,000 apartment homes.

Kachidurian Appointed as Executive Vice President - Business Development for Crossroads Equipment Lease and Finance

Retrieved on: 
Friday, October 5, 2018
Economy, Law, Business, Business law, Contract law, Landlord–tenant law, Legal documents, Property law, Lease, Innovation

"As our customer's needs continue to evolve, Crossroads is driving innovation and ease of business to support fleets and owner operators.

Key Points: 
  • "As our customer's needs continue to evolve, Crossroads is driving innovation and ease of business to support fleets and owner operators.
  • We have a long history of partnering with both national and regional transportation providers to help navigate equipment finance structures, technology improvements and regulatory requirements.
  • Prior to this, Kachidurian was Chief Commercial Officer for SeaCube, a global marine equipment leasing company.
  • Founded in 2006, Crossroads Equipment Lease & Finance is your professional partner in the transportation industry.

King County Awards Five-year Contract to Locally Owned Seattle Sign Shop

Retrieved on: 
Wednesday, September 26, 2018
Contract law, Legal documents, Contract

has been awarded a five-year contract with an estimated value of $500,000 by government agency King County to fabricate, print, and install Custom Signs and Banners for all County departments and facilities as needed.

Key Points: 
  • has been awarded a five-year contract with an estimated value of $500,000 by government agency King County to fabricate, print, and install Custom Signs and Banners for all County departments and facilities as needed.
  • Under the contract, United will provide sign project consulting, design, fabrication, printing and installation services of custom signs and sign packages along with banner printing to all King County departments.
  • United President Michael Barrett had this to say about the contract award, "We're obviously thrilled to have been awarded this new contract with King County.
  • This is the second five-year contract we have competitively bid and won this year with King County, having already won the Reprographic Printing Services contract in March.

Silvernest Raises a $3 Million Series A Round to Help Boomers Find Roommates

Retrieved on: 
Thursday, September 6, 2018
Economy, Law, Culture, Leasing, Contract law, Legal documents, Property law, Demographics of the United States, Renting, Mediation, Lease, Baby boomers

Silvernest is tapping into an exploding industry, as the marketplace for aging tech is estimated to hit $30 billion by 2020.

Key Points: 
  • Silvernest is tapping into an exploding industry, as the marketplace for aging tech is estimated to hit $30 billion by 2020.
  • The Silvernest platform makes the experience seamless by offering a comprehensive tool set that includes identity verification, background checks, lease creation, automated payments, mediation and legal support.
  • "Not only is Silvernest answering the call for alternative living arrangements, they're also increasing rental inventory in housing markets that desperately need it."
  • Silvernest is an online home sharing service that pairs aging homeowners with qualified housemates, giving Baby Boomers and empty nesters an aging-in-place alternative.

TSO3 Announces Closing of US$20 million Financing with Courage Capital to Commercialize the STERIZONE® VP4 Sterilizer and Support Getinge Transition

Retrieved on: 
Wednesday, August 1, 2018
Property law, Law, Economy, Finance, Corporate finance, Legal documents, Real estate, Convertible bond, Lien, Convertible security, Covenant, Promissory note

Getinge and TSO3 envision maintaining an ongoing collaborative relationship where TSO3 supplies and supports the STERIZONE VP4 Sterilizer to satisfy Getinge customers looking for a total sterilization solution.

Key Points: 
  • Getinge and TSO3 envision maintaining an ongoing collaborative relationship where TSO3 supplies and supports the STERIZONE VP4 Sterilizer to satisfy Getinge customers looking for a total sterilization solution.
  • The Convertible Note and the Term Loan include standard negative and affirmative covenants commensurate with transactions of this type.
  • Under and subject to the terms of the Convertible Note and the Term Loan, Courage has the right to propose one nominee for election to the board of TSO3.
  • The key financing terms of the transactions are as follows:
    US$15,000,000 First Lien Convertible Note.