Alp liquidating trust k 1, alp liquidating trust top holdings
All distributions to the Beneficiaries hereunder shall be made pro rata according to their number of Beneficial Interest Units. Interest and other income. Lexington joined Waterproofing and Zurich in its counterclaim alleged due to their interest in the outcome. Therefore, funny headlines dating even those systems determined to be effective can only provide reasonable assurances with respect to financial statement preparation and presentation.
The Arvida defendants believe that they have meritorious defenses and intend to vigorously defend themselves. There are no assurances that the Rothal settlement will in fact be consummated. Cash and cash equivalents, end of year. The source of both short-term and long-term future liquidity is expected to be derived from cash on hand and income earned thereon. Cash and cash equivalents may consist of U.
ALP LIQUIDATING TRUST Top Holdings
Exhibits and Financial Statement Schedules. Our responsibility is to express an opinion on these financial statements based on our audits. Arvida entered into a sub-management agreement with St. 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.
There are pending motions to stay and for summary judgment which have not been set for hearing. Such transactions involve conflicts of interest for the Administrator or its affiliates. Consolidated Balance Sheets.
All material intercompany balances and transactions have been eliminated in consolidation. Name and Address of Beneficial Owner. The parties hereto intend that this Amendment shall not disturb the existing priority of the Mortgages and other Loan Documents. Cash distributions per beneficial interest unit.
ALP LIQUIDATING TRUST - Current report filing (8-K) EXHIBIT
All intercompany balances and transactions have been eliminated in consolidation. Cash and cash equivalents, beginning of year. Simultaneously with the execution of this Amendment, Barnett Bank, N.
Alp Liquidating Trust
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. The provisions of this Amendment are and shall be legal, valid and binding upon and enforceable against the Borrowers in accordance with their respective terms. The Partnership, the General Partner and certain related parties as well as other unrelated parties have been named defendants in an action entitled Rothal v. In the complaint, as amended, an insurer for Waterproofing Systems, soiree speed dating bayonne Inc.
The Administrator shall perform such duties, and only such duties, as are specifically set forth in this Trust Agreement or are reasonably implied for the administration of this Trust. Government obligations with original maturities of three months or less, money market demand accounts and repurchase agreements, the cost of which approximates market value. Zurich is providing a defense of this matter under a purported reservation of rights. Accounts payable and accrued expenses.
The case does not currently have a trial date. Any such payment by Agent shall be added to the Obligations of Borrowers and shall bear interest from the date advanced to the date of recovery at the Default Rate. The above recitals are true and correct and are incorporated herein by this reference.
The Partnership is unable to determine the ultimate portion of the expenses, fees and damages, if any, which will be covered by its insurance. Administrator and its executive officers and director as a group. The Partnership has also engaged other counsel in connection with this lawsuit. This Trust Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to principles of conflict of laws thereof.
- Waterproofing Systems, Inc.
- Decrease in cash and cash equivalents.
- Employer Identification No.
Lexington Insurance Company, Case No. Borrowers have no intention of filing any petition or initiating any bankruptcy proceedings. The source of both short-term and long-term future liquidity is expected to be derived from cash on hand and interest income earned thereon. Accounts payable and accrued expenses include legal fees, real estate taxes and other miscellaneous accruals. Liquidity and Capital Resources.
Notes to Financial Statements. Other than as described above, the Partnership is not subject to any material legal proceedings, other than ordinary routine litigation incidental to the business of the Partnership. Trinity filed an answer to the amended complaint and a counterclaim. Each Beneficiary shall be entitled to participate in the rights and benefits due to a Beneficiary hereunder according to the Beneficiary's Beneficial Interest Units.
ALP LIQUIDATING TRUST - FORM 10-K - March 21 2012
The Arvida defendants believe that they have meritorious defenses and intend to vigorously. Each of them filed a responsive pleading to the Lexington counterclaim. The Partnership filed its reply to the Lexington counterclaim and believes it has meritorious defenses to the counterclaim.
- Document Incorporated by Reference.
- Amounts payable to or by the Administrator or its affiliates do not bear interest and are expected to be paid in future periods.
- Exact name of registrant as specified in its charter.
- Delaware State of organization.
Borrowers agree to cooperate with Agent so that the interests of Lenders are fully protected and the intent of this Amendment can be effectuated. There is no public market for beneficial interest units. The Arvida defendants filed their answer to the amended complaint denying substantive liability and raising various defenses. Capitalized terms not defined herein shall have the meaning ascribed to them in the Credit Agreement.
This federal case has been closed and Scottsdale re-filed its case in Florida state court. Cash and cash equivalents. Wholly owned subsidiaries of The St.
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 such Beneficiaries shall be bound by the terms and provisions of this Trust Agreement. The address for each of the Testamentary Trust, Foundation and Messrs.