ALP LIQUIDATING TRUST - FORM K - March 21
- All material intercompany balances and transactions have been eliminated in consolidation.
- 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.
- Notes to Consolidated Condensed Financial Statements.
- The Partnership will vigorously pursue its interests in the policies written by the plaintiff.
- The following three lawsuits in large part allegedly arise out of landscaping issues at certain subdivisions in the Weston Community.
These performance bonds are fully collateralized. The Partnership has also engaged other counsel in connection with this lawsuit. Amended and Restated Agreement of Limited Partnership.
The General Partner, Associate Limited Partners and Holders of Interests would receive beneficial interests in the Liquidating Trust in proportion to their respective interests in the Partnership. The trustee or trustees of the Liquidating Trust could be an officer or officers of the General Partner. The remaining Partnership assets would be contributed to the Liquidating Trust subject to all outstanding obligations and liabilities of the Partnership. It is intended as a trust to be governed and construed in all respects as a trust.
Exact name of registrant as specified in its charter. Notes to Financial Statements. The Partnership filed a motion to dismiss the case for lack of jurisdiction and a motion to stay.
Unless required by the Delaware Court of Chancery, the Administrator shall serve without bond. Government obligations with original maturities of three months or less, money market demand accounts and repurchase agreements, the cost of which approximates market value. 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. As a result of the Testamentary Trust's and the Foundation's respective direct and beneficial ownerships of outstanding shares of common stock of The St.
Amounts receivable from or payable to the Administrator or its respective affiliates do not bear interest and are expected to be paid in future periods. Notes to Consolidated Financial Statements. Consolidated Condensed Statements of Operations. The net loss per beneficial interest unit is based upon the number of units outstanding at the end of each period.
Cash distributions to the Unit Holders reflect distributions paid during the calendar year, a portion of which represents a return of capital for Federal income tax purposes. Cash and cash equivalents, end of period. Each of them filed a responsive pleading to the Lexington counterclaim. The Partnership intends to pursue claims for indemnity or contribution against The Walt Disney Company or its affiliates in connection with the units in the condominium of Association No. Hull, jumbuck speed dating Chief Financial Officer.
Such commissions are at rates set by insurance companies for the classes of coverage provided. The mitigation plan requires improvement of the function and value of the wetlands, including development of refuge habitat areas, and ongoing maintenance and monitoring of the same. Amounts payable to or by the Administrator or its affiliates do not bear interest and are expected to be paid in future periods. Commitments and Contingencies.
If the matter is not settled, the defense of the case will proceed. The motion to dismiss Arvida was granted. 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.
There are pending motions to stay and for summary judgment which have not been set for hearing. The liability also includes real estate taxes, and other miscellaneous accruals. 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. Waterproofing filed a motion to dismiss that was granted with leave to amend.
ALP LIQUIDATING TRUST - Current report filing (8-K) EXHIBIT
- Net cash provided by financing activities.
- The following lawsuit in large part allegedly arose out of landscaping issues at a certain subdivision in the Weston Community.
- 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.
ALP LIQUIDATING TRUST Top Holdings
The Partnership has a license agreement with St. As a result of this and subsequent mediation sessions and other discussions among the parties, and without admitting any liability, the Partnership has entered into an agreement with Association Nos. Cash and Cash Equivalents.
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. These remnant parcels have no value and, to the extent hereafter deeded to third parties, will result in no material proceeds to the Trust. Each Beneficiary shall take and hold the same subject to all the terms and provisions of this Agreement. The current and prior three years remain open for examination.
Arvida Company as Administrator. The Financial Accounting Standards Board issued accounting guidance on when and how an entity should apply the liquidation basis of accounting. During the Partnership closed on the sale of townhomes in the Partnership's Weston Community, which were the last remaining housing units to be built by the Partnership.
ALP LIQUIDATING TRUST - FORM 10-K - March 21 2012
The Arvida defendants filed their answer to the amended complaint denying substantive liability and raising various defenses. Moreover, the beneficial interest units are not publicly traded. The Resident Trustee shall not be entitled to exercise any powers, nor shall the Resident Trustee have any of the duties or liabilities, of the Administrator. The Arvida defendants have filed their answer to the amended complaint.
Document Incorporated by Reference. Amount and Nature of Beneficial Ownership. The City of Weston has agreed to pay development costs and assume perpetual maintenance of the mitigation area. Lexington Insurance Company, dating german man Case No.
These associations have not filed suit. The Arvida defendants believe that they have meritorious defenses and intend to vigorously. Non Controlling Interests. 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. Trinity filed an answer to the amended complaint and a counterclaim.
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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. Wholly owned subsidiaries of The St. Cash and cash equivalents may consist of U. Fire and Home regarding coverage under the relevant insurance policies and believes that it is covered under the terms of those policies.
ALP LIQUIDATING TRUST
Richard Rothal et al, Case No. Reflects indirect beneficial ownership of beneficial interest units held directly by The St. Vice President and Chief Financial Officer. The Partnership is evaluating the effect, if any, that this order may have on the continued prosecution of the Illinois action as well as the existence of coverage provided by Home, generally. The Partnership filed its reply to the Lexington counterclaim and believes it has meritorious defenses to the counterclaim.