The case has been transferred from the complex litigation unit to the trial court handling the Rothal action. The parties hereto intend that this Amendment shall not disturb the existing priority of the Mortgages and other Loan Documents. Principal Executive Officer. 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.
Actual results could differ from those estimates. Exhibits and Financial Statement Schedules. Accordingly, we express no such opinion.
Recent SEC Filings
- 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.
- Directors and Executive Officers of the Registrant.
- Vice President and Chief Financial Officer.
- 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.
- 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.
- Amount and Nature of Beneficial Ownership.
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An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Accounts payable and accrued expenses include legal fees, real estate taxes and other miscellaneous accruals. The case was transferred to the complex litigation unit of the Broward County court system and was set for trial. Under the guidance, liquidation basis of accounting should only be used when liquidation is imminent, as defined in the guidance. Government obligations with original maturities of three months or less, money market demand accounts and repurchase agreements, dating online the cost of which approximates market value.
Beneficial Interest Units. Commitments and Contingencies. The case is proceeding against the remaining parties. This Amendment shall not be construed more strictly against either party by virtue of the preparation hereof. These performance bonds are fully collateralized.
These associations have not filed suit. Gary Nickele, President and Sole Director. The Partnership has received from Zurich certain purported reservation of rights letters in connection with certain of the landscaping cases. Therefore, even those systems determined to be effective can only provide reasonable assurances with respect to financial statement preparation and presentation.
ALP LIQUIDATING TRUST - FORM K - March 21
Liquidity and Capital Resources. Our responsibility is to express an opinion on these financial statements based on our audits. These financial statements are the responsibility of the Trust's management. The Administrator shall maintain any amendment of this Trust Agreement in the same place where the original Trust Agreement is maintained.
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. Joe Company is reimbursed for its direct costs. All schedules have been omitted as the required information is inapplicable or immaterial, or the information is presented in the consolidated financial statements or related notes. Both of the foregoing officers have been elected to serve one-year terms.
SEC Info - Alp Liquidating Trust - K for 12/31/17 - EX
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. 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. Cash and cash equivalents, beginning of period. 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. Decrease in cash and cash equivalents.
Interest and other income. 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. The motion to expand the class was withdrawn.
The Financial Accounting Standards Board issued accounting guidance on when and how an entity should apply the liquidation basis of accounting. Net loss attributable to Unit Holders. The above selected consolidated financial data should be read in conjunction with the consolidated financial statements and the related notes appearing elsewhere in this annual report.
First Union National Bank S. Any successor Administrator appointed hereunder shall execute an instrument accepting such appointment hereunder and shall file such acceptance with the trust records. The Trust is not required to have, nor were we engaged to perform an audit of its internal control over financial reporting.
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. The Administrator shall take such action as it deems appropriate to enforce the rights of the Trust to the Trust Property so that the Beneficiaries may receive the full benefit thereof. 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. The Resident Trustee shall provide prompt notice to the Administrator of its performance of any such acts.
ALP LIQUIDATING TRUST - Quarterly Report (Q) EXHIBIT
Lexington Insurance Company, and Case No. Notes to Financial Statements. The Arvida defendants filed their answer to the amended complaint denying substantive liability and raising various defenses.
All material intercompany balances and transactions have been eliminated in consolidation. Indicate by check mark whether the Registrant is a well-known seasoned issuer, as defined in Rule of the Securities Act. 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. Administrator and its executive officers and director as a group.
- Wholly owned subsidiaries of The St.
- Employer Identification No.
- Changes in Internal Control over Financial Reporting.
- The complaint was filed, but not served.
The Partnership intends to vigorously defend itself. Critical Accounting Policies. The net loss per beneficial interest unit is based upon the number of units outstanding at the end of each period. Address of principal executive office.
Acknowledgment and Amendment of Partnership Agreement. Plaintiffs have filed a motion to expand the class to include other homes in Weston. 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 Arvida defendants have filed their answer to the amended complaint. 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.
The Partnership has also engaged other counsel in connection with this lawsuit. The Partnership is unable to determine the ultimate portion of the expenses, fees and damages, if any, dating which will be covered by its insurance. The Partnership has filed a motion to dismiss the case for lack of jurisdiction and a motion to stay.
The Partnership is not able to determine what, if any, loss exposure that it may have for this matter. Zurich is providing a defense of this matter under a purported reservation of rights. 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. Each Beneficiary shall take and hold the same subject to all the terms and provisions of this Agreement. Such transactions involve conflicts of interest for the Administrator or its affiliates.
The motion to dismiss Arvida was granted. 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. Richard Rothal et al, Case No.