True sale

Uses. The primary use of molasses is in animal feed. Molasses, which provides a carbohydrate source, salts, protein, vitamins, and palatability, may be used direcdy or mixed with other feeds. The carbohydrate content of 24.6 L (6.5 gal) of blackstrap molasses is considered to be equal to 0.035 m3 (one bushel) of com as measured by the energy produced from 0.035 m3 of com and the amount of molasses required to produce the same amount of energy. When molasses is less expensive than com, sales increase when the reverse is true, sales decrease. 

The flexibility this approach brings when applied to royalty rates means that it is possible to institute a differential approach to rates depending upon performance. Thresholds for performance can sit on either side of the product s true sales forecast, allowing the provision for a step up in the royalty rate or a step down according to the desired reward structure. In fact a series of steps can be built into a tiered structure, which can give a steady improvement or a tailing off, and these modifications can act as an incentive for a company to sell... 

After identifying the assets to be used in the securitization, the originator transfers the receivables to a newly formed special puirpose corporation, trust, or other legally separate entity—often referred to as a special purpose vehicle, or "SPV." The transfer is intended to separate the receivables from risks associated with the originator. For this reason, the originator will often structure the transfer so that it constitutes a "true sale," a sale that is sufficient under bankruptcy law to remove the receivables from the originator s bankruptcy estate. ... 

See id. at 28-35 Securtitzatton of Financial Assets 5.02 Oason H. P. Kravitt ed., 1988). The term "true sale" sometimes creates confusion because the characterization of a given transfer as a sale could refer to the accounting, usury, tax, or bankruptcy treatment of the transfer, each of which is governed by different criteria. Schwarcz, supra note 6, at 28. 

The preceding sections discussed how variations in securitization structures can affect direct transaction costs and flexibility. Each structure is also associated with certain indirect costs and benefits. For example, transaction costs are not limited to direct expenses, such as fees for lawyers, investment bankers, and liquidity or credit enhancement facilities. They also arise from the true sale requirement. ... 

To achieve a true sale, an originator must limit, if not forego, its right to the residual value of the receivables sold to the SPV. This residual value can often be significant since the SPV must obtain a level of receivables well in excess of the amount necessary to pay the securities issued by the SPV. Such "overcollateralization" is needed to assure investors and providers of liquidity and credit enhancement that they will not suffer losses from delayed collection or defaults. Conflict may develop over the amount of overcollateralization necessary for the SPV originators want the level of overcollateralization to be low, while investors and credit enhancers want it to be high. Because the amount of receivables... 

A recent theory of "binary recourse" may permit a bankruptcy true sale directly from the originator to the SPV while permitting the SPV to reconvey a significant portion of excess collections back to the originator. See Steven L. Schwarcz, A New Theory of Recourse, Asset Sales Rep., Feb. 14,1994, at 8 Steven L. Schwarcz, The Parts are Greater Than the Whole How Securitization of Divisible Interests Can Revolutionize Structured Finance and Open The Capital Markets to Middle-Market Companies, 1993 Colum. Bus. L. Rev. 139 (1993) [hereinafter Schwarcz, Divisible Interests]. 

Large multiborrower deals, where numerous commercial property loans, originated to numerous borrowers and secured on a variety of properties are grouped together into one transaction, in a similar way to a traditional residential mortgage deal. Such a deal may be either a traditional true sale transaction or a synthetic credit-linked structure. 

There are two basic forms of pooled commercial mortgage transactions the true sale and the synthetic structures. The true sale mechanism, as its name suggests, involves the sale of assets from the originator s balance sheet to an SPV, which are then used as security for the issue of notes to investors. Synthetic structures, by contrast, involve the creation of a credit derivative linked to the performance of a pool of loans. The loans themselves remain on the balance sheet of the originator but the credit risks associated with these loans are transferred through the credit derivative to investors. Synthetic structures can simplify the issuance process and avoid many of the complexities (and costs) associated with the sale of assets in many jurisdictions. 

A true sale structure, while appropriate for the securitisation of closed-end loans, is likely to have unfortunate tax implications where a property owner wishes to retain overall economic benefit of the asset. This can be overcome through a secured loan structure. 

Securitization involves a true sale of the underlying assets from the balance sheet of the originator. This is why a separate legal entity, the SPV, is created to act as the issuer of the notes. The assets being securitized are sold onto the balance sheet of the SPV. The process involves ... 

Sales lead If the lead is truly qualified and he heis had a good conversation with the inside sales team, he is passed on to an Account Executive (AE). The AE also speaks directly with the lead and heis seven days to either turn the lead into a true sales lead, or send him back to m irketing for lead nurturing, where marketing adds that lead into a ceimpaign to re-engc e him over time. 

A buyer becomes mid-stage after she has shown some interest in your business s core competencies. That lead has displayed some sort of buying behavior and is potentially a true sales lead. A mid-stage buyer should map to the lead and sales lead stage of your sales funnel. 

If a sales representative offers to arrange for a visit to a laboratory where equipment of the type being considered is in use, such an offer should not be turned down. A discussion with an actual user will be very fruitful. Some manufacturers show their equipment in display rooms, giving the prospective buyer a chance for true hands-on experience. 

Q. Is it true that in Leverkusen your plant statistics were prepared to cover the development of sales of all parts of Degesch, from the years 1938 to 1943 ... 

Over the past decades there has been a big increase in chemical legislation this is also true for regulations governing the use of colourants for food-contact applications. The various food-contact regulations worldwide are briefly examined from a pigment manufacturer s point of view. The advantages of getting a product listed by FDA are discussed in detail, not only from the perspective of USA sales but also from that of the supply into other markets. 

Here is a list of chemical suppliers that are legitimate businesses. It is true that the DEA often sets up fake supply houses, giving great prices on hard to find items, such as lysergic acid, to lure underground chemists into traps. These suppliers listed below are not part of any law organization. They are major suppliers only. However, they are required by law to report sales of certain substances. Note 800 telephone numbers are toll free. 

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