Examples of PCC Act in a sentence
Cells might be created for the purpose of segregating and protecting the cellular assets and its’ investors in accordance with and as provided by the PCC Act.
Cell ShareShares created and issued by the Company in respect of Cells, pursuant to the provisions of the PCC Act, the proceeds of which (the ‘Cell Share Capital’) shall be comprised of the cellular assets attributable to that Cell.
CellA cell created by the Company for the purpose of segregating and protecting Cellular Assets in the manner provided for by the PCC Act.
The PCC Act prohibits the use of assets attributed to any other Cell to be used to extinguish the liability of another Cell.
Under the PCC Act creditors who are creditors in respect of a Cell can only have recourse to the Cell assets attributable to that particular Cell and shall have no recourse to the cellular assets of any other Cell.
As per the 2005 PCC Act, current and former students have the right to access their transcripts after the student terminates studies at Xxxxxx.
As required by the PCC Act, the assets of each Cell will be kept separate and separately identifiable from assets not attributable to that Cell.
The Fund is a multi-cellular company established in accordance with the PCC Act whose principal feature is that each Cell has its own distinct assets and liabilities.
Philadelphia Gas Works, 197 A.2d 612, 614 n.8 (Pa. 1964) (“It is undisputed that the supplying of gas to [the customers]’ home on a month-to-month basis falls within the definitions of a ‘contract for sale’ or ‘sale’ within Section 2-106 of the [former version of the PCC, Act of April 6, 1953, P.L. 3, formerly] 12 P.S. §2-106.”); Whitmer v.
The Fund is a protected cell company for the purposes of the Protected Cell Companies Act 2001 (the “PCC Act”) which means that under Gibraltar law, provided the conditions laid down in the PCC Act are complied with, assets attributable to each Cell of the Company shall only be available to creditors in respect of that cell and the assets of that cell shall be protected from creditors of the Company who are not creditors in respect of that cell.