The COVID Project
The record
- Jurisdiction
- United States (SEC filing)
- Level
- Federal
- Authority
- Securities Exchange Act of 1934, sec. 13; Form 10-Q
- Issued
- 2020-07-23 July 23, 2020
- Effective
- n/a (read as 2020-07-23)
- In force
- July 23, 2020 (no end date recorded; counted as in force for 120 days)
- Quarters
- 2020 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- Functions reached
- Collection
- Rental and Leasing SEC-22
Operative words
most states in the United States, including Florida where the Company is headquartered, enacted shelter in place orders, declared states of emergency, took steps to restrict travel, enacted temporary closures of non-essential businesses and took other restrictive measures... Our business was deemed essential and was allowed to remain open, however, many industries in which our customers operate were required to temporarily close their facilities or delay or cancel projects and events.... Equipment rental revenue decreased $80.0 million, or 19.6%... primarily related to the impact of the regulatory orders addressing COVID-19 ('COVID-19 Orders') as customers we serve that were not designated essential businesses were closed throughout a significant portion of the quarter.
Enforcement
Notes
Facts and circumstances: the essential lessor whose revenue fell because its customers were closed by order; the clearest industry statement of the counterparty mechanism.
Retrieval noteBytes 1887976.