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sic10

SIC-10..SIC Interpretation 10..Government Assistance—No Specific.Relation to Operating Activities.This version includes amendments resulting from IFRSs issued up to 31 December 2008..SIC-10 Government Assistance—No Specific Relation to Operating Activities was developed by the.Standing Interpretations Committee and issued in July 1998..In April 2001 the International Accounting Standards Board resolved that all Standards.and Interpretations issued under previous Constitutions continued to be applicable unless.and until they were amended or withdrawn..SIC-10 has been amended by IAS 1 Presentation of Financial Statements (as revised in.September 2007).*..*..effective date 1 January 2009..©..IASCF..2683...SIC-10..SIC Interpretation 10 Government Assistance—No Specific Relation to Operating Activities.(SIC-10) is set out in paragraph 3. SIC-10 is accompanied by a Basis for Conclusions..The scope and authority of Interpretations are set out in paragraphs 2 and 7–17 of the.Preface to International Financial Reporting Standards...2684..©..IASCF...SIC-10..SIC Interpretation 10.Government Assistance—No Specific Relation to Operating.Activities.References.•..IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors..•..IAS 20 Accounting for Government Grants and Disclosure of Government Assistance..Issue.1..In some countries government assistance to entities may be aimed at.encouragement or long-term support of business activities either in certain.regions or industry sectors. Conditions to receive such assistance may not be.specifically related to the operating activities of the entity. Examples of such.assistance are transfers of resources by governments to entities which:.(a).(b)..continue operating in recently privatised industries; or..(c).2..operate in a particular industry;..start or continue to run their business in underdeveloped areas...The issue is whether such government assistance is a ‘government grant’ within.the scope of IAS 20 and, therefore, should be accounted for in accordance with.this Standard...Consensus.3..Government assistance to entities meets the definition of government grants in.IAS 20, even if there are no conditions specifically relating to the operating.activities of the entity other than the requirement to operate in certain regions or.industry sectors. Such grants shall therefore not be credited directly to.shareholders’ interests...Basis for Conclusions.4..IAS 20.03 defines government grants as assistance by the government in the form.of transfers of resources to an entity in return for past or future compliance with.certain conditions relating to the operating activities of the entity. The general.requirement to operate in certain regions or industry sectors in order to qualify.for the government assistance constitutes such a condition in accordance with.IAS 20.03. Therefore, such assistance falls within the definition of government.grants and the requirements of IAS 20 apply, in particular paragraphs 12 and 20,.which deal with the timing of recognition as income...©..IASCF..2685...SIC-10..Date of consensus.January 1998..Effective date.This Interpretation becomes effective on 1 August 1998. Changes in accounting policies.shall be accounted for in accordance with IAS 8...2686..©..IASCF...
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Consent to Sublease. THIS CONSENT BY LANDLORD TO SUBLEASE (“Consent”) is made and entered into this ____ day of.________, 20__ (“Effective Date”), by and between ________________ (“Landlord”) and _______________.(“Tenant”) with reference to that certain sublease (the “Sublease”) dated ____________, 20__ between Tenant.and _____________ (“Subtenant”)....RECITALS.. A. Tenant, as Tenant under the Lease, and Landlord have executed that certain Lease dated.________________ (the “Master Lease”), covering those certain premises and related improvements.described in the attached Exhibit “A” (the “Premises”)... B. Tenant desires to sublease [all] [a portion] of the Premises to ______________ (“Subtenant”) and.Subtenant desires to accept a sublease in the form attached as Exhibit “B” (the “Sublease”). Landlord is.willing to consent to the Sublease on the terms and conditions set forth in this Consent... NOW, THEREFORE, in consideration of the payment by Tenant of _______________ Dollars ($________),.payable on or before __________, 20__ to Landlord, the parties agree as follows:.. 1. Consent to Sublease. Landlord hereby consents to the Sublease and the transactions contemplated.thereby. Landlord’s consent to the Sublease shall not be deemed to be a consent to (i) any further or other.subleasing of the Subleased Premises, (ii) any subleasing of any other portion of the Premises, or (iii) the.subleasing of any portion of the Premises to any other subtenant or on any other or different terms than those.stated in the Sublease. Tenant shall provide Landlord with a fully-executed copy of the Sublease promptly.after execution... 2. Continuing Liability. Tenant acknowledges that (i) Tenant shall remain primarily liable for, and shall not.be released from, the full and faithful performance of all terms and conditions of the Master Lease,.notwithstanding the existence of (and Landlord’s consent to) the Sublease, or any breach committed by.Subtenant under the Sublease, and (ii) Landlord shall be entitled to pursue all remedies available in the event.of Tenant’s breach of the Master Lease, without regard to the performance or nonperformance of the terms of.the Sublease by Subtenant... 3. Monthly Basic Rent. Landlord and Tenant acknowledge and agree that the Monthly Basic Rent due from.Subtenant under the Sublease ($______) does not exceed the Monthly Basic Rent due from Tenant under the.Master Lease... 4. Entire Agreement. This Consent constitutes the entire agreement of Landlord and Tenant pertaining to its.subject matter and supersedes any prior or contemporaneous negotiations, representations, agreements and.understandings of the parties with respect to such matters, whether oral or written. The Parties acknowledge.that they have not relied on any promise, representation or warranty, expressed or implied, not contained in.this Consent. Parol evidence will be inadmissible to show agreement by and among the Parties to any term or.condition contrary to or in addition to the terms and conditions contained in this Consent... 5. Interpretation; Amendment. In interpreting the language of this Consent, Landlord and Tenant shall be.treated as having drafted this Consent after meaningful negotiations. The language in this Agreement shall be.construed as to its fair meaning and not strictly for or against either Party. This Consent may be modified.only by a writing signed by Landlord and Tenant... 6. Attorneys’ Fees. If any Party hereto fails to perform any of its obligations under this Consent or if a.dispute arises between the Parties hereto concerning the meaning or interpretation of any provisions of this.Consent, and an action is filed, the prevailing party in any such action shall be entitled to recover from the.other party, in addition to any other relief that may be granted, its court costs and reasonable attorneys’ fees.and disbursements, including such fees and disbursements incurred in connection with any appeal... Tham khảo các l
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