This will be reported on the Schedule K-1 of the liquidated
partner as ordinary income.
Owners seeking consequential "damages in those situations when the contractor does complete the project, but not within the specified schedule, can and should protect their interests using a traditional liquidated
Trinity was in effect trying to recover the same loss twice, once as liquidated
damages and once as actual damages.
damages received under the ADEA are not excludable, based on both the plain language of the code's exclusion and the test in Burke.
The contractor also claimed that the owner's own certifications to its lender concerning the contractor's requisitions during this period should equitably estop the owner from assessing liquidated
damages after the fact.
The Ninth Circuit found that the ADEA, which provides for jury trials and for liquidated
damages, met the Supreme Court's requirements.
Because of the lower collection rates and the different accounting rules that apply to businesses being liquidated
, the United Kingdom advances were determined to be impaired.
The contract with FD/MK calls for liquidated
damages in the amount of $25,000 a day up to a maximum of $25 million as compensation to the Association for damages incurred due to a delay in completion beyond the guaranteed completion date.
damages due from Bechtel should cover about $31 million of the $40 million.
351 transfer, but retains the asset for more than five years to satisfy contingent claims of the liquidated
In addition to the dividend, Intermedia will pay liquidated
damages to holders of the Series F Depositary Shares on January 15, 1999.
CRI Liquidating REIT's business plan calls for disposing of approximately one-third of its mortgages each year until the portfolio is liquidated
by the end of 1997.
Since closing, 128 loans have been liquidated
through pay-off, discounted pay-off (DPO), or real estate owned (REO) sale.
Employers that violate the ADEA are liable for back pay and, for willful violations, liquidated
damages equal to the back pay.
Because all of the Fund's assets have been liquidated
and substantially all of its unpaid liabilities calculated, the Fund does not contemplate making a second liquidating distribution.