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Nor can a school simply renounce its charitable status and the perks that go with it if it finds the new regime too onerous: assets already amassed by a charity must be used for charitable purposes.One solution might be to allow local state schools to use facilities such as theatres, swimming pools and playing fields, and even to send some of their students for lessons.
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Trump-l'oeil: Instead of trying to persuade the world that he owned something that wasn't his, he was trying to convey the impression that he would part with an onerous asset that, as a practical matter, he would still be stuck with.
These black-owned companies received assets, often on impossibly onerous terms, from white businesses that were trying to curry favor with the new political elite and then struggled to operate them as normal businesses.
Robert E. Campbell, who received $56,000 in 2001 as chairman of the $9 billion Robert Wood Johnson Foundation, said foundation trustees had more onerous responsibilities as stewards for charitable assets than directors of nonprofit organizations like the ballet or Outward Bound, whose primary responsibility is fund-raising.
Once approved, they also face onerous restrictions including spending limits, strict asset controls, and mandatory medical insurance from a non-U.S.
But a ratio of 10% of total assets does not seem that onerous.
Originally, the fund was to be financed from the much-criticised Troubled Asset Relief Programme (TARP) but onerous restrictions on executive pay would have deterred participation.
India's banks are not huge fans of lending to small firms; they often demand onerous amounts of collateral or security on fixed assets, exactly the kinds of things start-ups cannot provide.
It also raises the chances that AT&T's merger with BellSouth, and the Time Warner - Comcast plan to divvy up Adelphia Communications' assets get swift FCC approval without onerous strings attached.
Should Blackstone walk away, Dynegy said that it might need to contemplate more onerous alternatives like diluted stock offerings, fire sales of assets or even bankruptcy.
The estate tax — which was allowed to lapse this year and was scheduled to resume at a rate of 55 percent on most assets above $1 million — will be reinstated under less onerous terms.
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