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SAY THAT AGAIN?

May 30, 2025

The loan agreement says: “All contractual rates of interest chargeable on the outstanding Term Loans shall continue to accrue and be paid even after default, maturity, acceleration, judgment, bankruptcy, insolvency proceedings of any kind or the happening of any event or occurrence similar or dissimilar.”

A former banker friend says that “any event or occurrence similar or dissimilar” is some lawyer “fancy talk” for “the kitchen sink!”

See our "Say That Again" collection

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May corporate foundation provide marketing information to creator?

Should private foundations have independent managers to review salaries?

Who is the immediate past president?

Can we sue our supporting organization for support?

May we invest in mutual funds?

Can we keep our (c)(3) status without contributions?

How can I start nonprofit without any money?

Can owner of church receive payments from sale of house?

May (c)(4) social welfare group open fund at community foundation?

May (c)(4) social welfare group open fund at community foundation?

How do we deal with too much money?

What happens if we accept donation of a business?

May church put political sign on lawn?

May person serve as executive director of two nonprofits?

May we allocate 18% of project gifts to general operations?

How much may a single donor give a charity?

Can Executive Director stop hostile takeover?

What should founder do when removed from the board?

What happens if college breaches condition of gift?

Must we include non-paying parents in our booster club banquet?