Examples of Painting in a sentence
The Administrator may withdraw for any reason upon notice to the Initial Member, provided that such withdrawal shall be effective only following a Sale of the Painting and distribution of the proceeds.
The Company may withhold consent in its sole discretion, including when the Administrator determines that such transfer, assignment or pledge would result in (a) the Painting being deemed “plan assets” for purposes of ERISA, (b) the transferee holding in excess of 19.9% of the total voting shares, (c) a change of US federal income tax treatment of the Company and the Class A ordinary shares, or (d) the Company or the Administrator being subject to additional regulatory requirements.
The net proceeds of the Offering together with any unsold shares, if any, will be paid to Masterworks to acquire the Painting from an affiliated entity.
Painting two coats over one coat of priming to all doors and windows shall be done.
Reimbursement for Non-Routine Services shall be reimbursed by the Issuer out of the proceeds from a sale of the Painting.