Great liquidating trust k-1
The defense of the case is proceeding. The accompanying notes are an integral part of these consolidated financial statements. Cash and cash equivalents, jlo dating bradley beginning of year. Name and Address of Beneficial Owner.
Recent SEC Filings
- Directors and Executive Officers of the Registrant.
- In addition, the Administrator may, subject to the proviso in the preceding sentence, distribute any of the Trust Property to the Beneficiaries in-kind.
- Wholly owned subsidiaries of The St.
- Borrowers shall have furnished Agent proof of payment of real property and personal property taxes for against each of the Mortgaged Properties and the other Collateral.
- There is no public market for beneficial interest units.
- Trinity filed an answer to the amended complaint and a counterclaim.
- The transferee consequently will not be entitled to receive any cash distributions or any allocable share of profits or losses for tax purposes until such next succeeding calendar quarter.
- Reflects indirect beneficial ownership of beneficial interest units held directly by The St.
- These associations have not filed suit.
Simultaneously with the execution of this Amendment, Barnett Bank, N. The motion to expand the class was withdrawn. In no event shall the Administrator or the Trust distribute to the dissolved Partnership any Trust Property.
The Partnership is not able to determine what, if any, loss exposure that it may have for this matter. Moreover, the beneficial interest units are not publicly traded. The case has been returned to the trial court for further proceedings including trial.
Alp Liquidating Trust
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. It is intended as a trust to be governed and construed in all respects as a trust. 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. 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.
SEC Info - Alp Liquidating Trust - K for 12/31/17 - EX
The source of both short-term and long-term future liquidity is expected to be derived from cash on hand and income earned thereon. Capitalized terms not defined herein shall have the meaning ascribed to them in the Credit Agreement. Government obligations with original maturities of three months or less, money market demand accounts and repurchase agreements, the cost of which approximates market value. Gary Nickele, President and Sole Director. Plaintiff filed a motion to add punitive damages that was denied without prejudice.
There are no assurances that the Rothal settlement will in fact be consummated. Cash and cash equivalents. Net loss attributable to Unit Holders. Arvida Company As Administrator.
The case is proceeding against the remaining parties. The following lawsuit in large part allegedly arose out of landscaping issues at a certain subdivision in the Weston Community. Cash and cash equivalents, end of period. 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.
There is no family relationship among the foregoing director or any officer. Borrowers agree to cooperate with Agent so that the interests of Lenders are fully protected and the intent of this Amendment can be effectuated. 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. Arvida has filed a motion to dismiss the Trinity counterclaim.
ALP LIQUIDATING TRUST - FORM 10-K - March 21 2012
All intercompany balances and transactions have been eliminated in consolidation. The Partnership has filed a motion to dismiss the case against Arvida for lack of jurisdiction and a motion to stay. Government obligations with maturities greater than three months is classified as short-term investments. These performance bonds are fully collateralized. 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.
The Partnership filed a motion to dismiss Arvida from this case and it was granted. Amounts payable to or by the Administrator or its affiliates do not bear interest and are expected to be paid in future periods. In Count I, Plaintiff sued for breach of warranty. Such transactions involve conflicts of interest for the Administrator or its affiliates.
The parties and their insurers have entered into agreements in principle to settle this case. The Ridges remains subject to the purported reservation of rights letter despite the settlement of certain disputes with the carrier discussed below. The Partnership will vigorously defend its interests in the policies written by the plaintiff.
Waterproofing Systems, Inc. Accounts payable and accrued expenses. 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. Unless required by the Delaware Court of Chancery, the Administrator shall serve without bond.
ALP LIQUIDATING TRUST
This report, including this Management's Discussion and Analysis of Financial Condition and Results of Operations, contains forward-looking statements. Reflects indirect beneficial ownership of beneficial interest units held directly by the The St. The complaint was filed, but not served. Amounts receivable from or payable to the Administrator or their respective affiliates do not bear interest and are expected to be paid in future periods.
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. Beneficial Interest Units. Interest and other income. The Resident Trustee shall provide prompt notice to the Administrator of its performance of any such acts. The case has been transferred to the complex litigation division of the court.
Changes in Internal Control over Financial Reporting. Non Controlling Interests. Joe Company is reimbursed for its direct costs. This Amendment shall not be construed more strictly against either party by virtue of the preparation hereof. Decrease in cash and cash equivalents.
Such payments on behalf of Unit Holders of Interest are deemed distributions to them. Berkowitz and Fairholme Funds, Inc. Prepaid expenses and other assets. Cash distributions to the Unit Holders reflect distributions paid during the calendar year, daryl and beth dating a portion of which represents a return of capital for Federal income tax purposes. Amount and Nature of Beneficial Ownership.
Arvida entered into a sub-management agreement with St. 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. Principles of Consolidation. Critical Accounting Policies. Employer Identification No.
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. Financial Statements and Supplementary Data. Both of the foregoing officers have been elected to serve one-year terms. The Financial Accounting Standards Board issued accounting guidance on when and how an entity should apply the liquidation basis of accounting. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.
The address for each of the Testamentary Trust, Foundation and Messrs. These remnant parcels have no value and, to the extent hereafter deeded to third parties, will result in no material proceeds to the Trust. Waterproofing Systems of Miami, Inc. Consolidated Balance Sheets.