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Accounts payable and accrued expenses include legal fees, real estate taxes and other miscellaneous accruals. Amended and Restated Agreement of Limited Partnership. These factors include the time and expense to resolve all obligations, liabilities and claims, including contingent liabilities and claims that are not yet asserted but may be made in the future.
ALP LIQUIDATING TRUST - FORM K - March 21
This Amendment shall not be construed more strictly against either party by virtue of the preparation hereof. The Partnership is unable to determine the ultimate portion of the expenses, fees and damages, if any, which will be covered by its insurance. Trinity filed an answer to the amended complaint and a counterclaim. Consolidated Statements of Cash Flows. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, cancer man online dating or a non-accelerated filer.
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Such court may thereupon, after such notice, if any, as it may deem proper, prescribe and appoint a successor Resident Trustee meeting the qualifications provided for herein. Administrator and its executive officers and director as a group. Such accruals are based upon developments to date, management's estimates of the outcome of these matters and its experience in contesting, litigating and settling other matters. The accompanying notes are an integral part of these consolidated financial statements.
Alp Liquidating Trust
Directors and Executive Officers of the Registrant. The motion to expand the class was withdrawn. The case has been returned to the trial court for further proceedings including trial. Unless required by the Delaware Court of Chancery, website for real dating the Administrator shall serve without bond. The Partnership intends to vigorously defend itself.
ALP LIQUIDATING TRUST - FORM 10-K - March 21 2012
As noted above, under the terms of the Amendment, the General Partner was authorized, in its sole discretion, to complete the liquidation of the Partnership by forming a Liquidating Trust. All of the Trust's expenses shall be billed directly to and paid by the Trust. The Trust is not required to have, nor were we engaged to perform an audit of its internal control over financial reporting.
It is intended as a trust to be governed and construed in all respects as a trust. Such payments on behalf of Unit Holders of Interest are deemed distributions to them. The source of both short-term and long-term future liquidity is expected to be derived from cash on hand and income earned thereon. Document Incorporated by Reference. Net cash provided by financing activities.
Accordingly, we express no such opinion. Each Beneficiary shall take and hold the same subject to all the terms and provisions of this Agreement. Liquidity and Capital Resources. The Partnership is not able to determine what, if any, loss exposure that it may have for this matter. Principal Accounting Officer and.
Cash and cash equivalents, beginning of period. The liability also includes real estate taxes and other miscellaneous accruals. Waterproofing Systems, Inc. Both of the foregoing officers have been elected to serve one-year terms.
Waterproofing filed an answer to the amended complaint and Arvida has replied. All material intercompany balances and transactions have been eliminated in consolidation. This Trust Agreement is not intended to create, and shall not be interpreted as creating, an association, partnership, corporation or joint venture of any kind. Cash distributions per unit c. The case was transferred to the complex litigation unit of the Broward County court system and was set for trial.
Simultaneously with the execution of this Amendment, Barnett Bank, N. Plaintiffs have filed a motion to expand the class to include other homes in Weston. Effective on and as of the date of this Amendment, each of BankBoston, N. Smaller reporting company.
- In this complaint, Arvida sought, among other things, a declaration of its rights under its policies, attorney fees and costs, and such other relief as the court deems appropriate.
- Borrowers shall have delivered to Agent updated Schedules to the Credit Agreement as appropriate to reflect the status of the Schedules as of the date hereof.
- These remnant parcels have no value and, to the extent hereafter deeded to third parties, will result in no material proceeds to the Trust.
- Arvida Company As Administrator.
- The Partnership is unable to determine what portion of its fees and damages in the Rothal case, if any, may be recovered under the Scottsdale policies.
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Joe Company is reimbursed for its direct costs. Cash and cash equivalents may consist of U. Name and Address of Beneficial Owner.
Under the guidance, liquidation basis of accounting should only be used when liquidation is imminent, as defined in the guidance. Risk factors include the time and expense to resolve all obligations, liabilities and claims, including contingent liabilities and claims that are not yet asserted but may be made in the future. Borrowers shall pay such sums immediately upon receipt of notice of such amounts from Agent. The case does not currently have a trial date. Borrowers hereby agree to execute and deliver any and all documents as may be reasonably required by Agent at any time in order to carry out the terms of this Amendment and give effect thereto.
Government obligations with original maturities of three months or less, money market demand accounts and repurchase agreements, the cost of which approximates market value. Address of principal executive office. Borrowers agree to cooperate with Agent so that the interests of Lenders are fully protected and the intent of this Amendment can be effectuated. Plaintiff filed a motion to add punitive damages that was denied without prejudice. The Resident Trustee shall not be liable for the acts or omissions of the Administrator, the Partnership or the Trust.
All distributions to the Beneficiaries hereunder shall be made pro rata according to their number of Beneficial Interest Units. The occurrence of a material event will be determined solely by the Administrator or as may be required by any applicable rules and regulations promulgated by the Securities and Exchange Commission. Waterproofing Systems of Miami, Inc.
ALP LIQUIDATING TRUST
- Such commissions are at rates set by insurance companies for the classes of coverage provided.
- There are no arrangements or understandings between or among any of said director or officer and any other person pursuant to which the director or any officer was selected as such.
- Decrease in cash and cash equivalents.
The motion to expand the class was denied. Capitalized terms not defined herein shall have the meaning ascribed to them in the Credit Agreement. The Partnership has filed a motion to dismiss the case against Arvida for lack of jurisdiction and a motion to stay. First Union National Bank S. The Partnership, san the General Partner and certain related parties as well as other unrelated parties have been named defendants in an action entitled Rothal v.
The Administrator shall maintain any instrument that relates to any change in the office of Resident Trustee in the same place where the original Trust Agreement is maintained. The Resident Trustee shall provide prompt notice to the Administrator of its performance of any such acts. Interest and other income. There is no public market for beneficial interest units. Cash distributions per beneficial interest unit.