Alp liquidating trust k 1, alp liquidating trust

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Net cash provided by financing activities. Amount and Nature of Beneficial Ownership. 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. Liquidity and Capital Resources. The motion to expand the class was withdrawn.

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. Borrowers shall pay such sums immediately upon receipt of notice of such amounts from Agent. 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. Capitalized terms not defined herein shall have the meaning ascribed to them in the Credit Agreement. The case has been transferred to the complex litigation division of the court.

The accompanying notes are an integral part of these consolidated financial statements. Consolidated Balance Sheets. Therefore, even those systems determined to be effective can only provide reasonable assurances with respect to financial statement preparation and presentation. Actual future claims and contingencies could differ from the currently estimated amounts.

Alp Liquidating Trust

  • 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.
  • All distributions to the Beneficiaries hereunder shall be made pro rata according to their number of Beneficial Interest Units.
  • Waterproofing filed a motion to dismiss that was granted with leave to amend.
  • Cash and cash equivalents may consist of U.
  • Cash and cash equivalents, end of period.

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  1. 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.
  2. Reflects beneficial ownership of beneficial interest units held directly by The St.
  3. The case was transferred to the complex litigation unit of the Broward County court system and was set for trial.
  4. 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.
  5. 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.

Evaluation of Disclosure Controls and Procedures. Administrator and its executive officers and director as a group. Lexington Insurance Company, Case No. Such payments on behalf of Unit Holders of Interest are deemed distributions to them.

The net loss per beneficial interest unit is based upon the number of units outstanding at the end of each period. There are no assurances that the Rothal settlement will in fact be consummated. Amounts payable to or by the Administrator or its affiliates do not bear interest and are expected to be paid in future periods. Such accruals are based upon developments to date, management's estimates of the outcome of these matters and its experience in such matters. Waterproofing Systems, dating radiocarbon Inc.

In the complaint, as amended, an insurer for Waterproofing Systems, Inc. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. 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.

The parties and their insurers have entered into agreements in principle to settle this case. Such transactions involve conflicts of interest for the Administrator or its affiliates. Net loss per beneficial interest unit. The Financial Accounting Standards Board issued accounting guidance on when and how an entity should apply the liquidation basis of accounting. This Amendment shall not be construed more strictly against either party by virtue of the preparation hereof.

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Lexington joined Waterproofing and Zurich in its counterclaim alleged due to their interest in the outcome. Reflects indirect beneficial ownership of beneficial interest units held directly by the The St. Amended and Restated Agreement of Limited Partnership.

All intercompany balances and transactions have been eliminated in consolidation. Joe Company is reimbursed for its direct costs. Arvida has filed a motion to dismiss the Trinity 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. In Count I, Plaintiff sued for breach of warranty. Unless required by the Delaware Court of Chancery, the Administrator shall serve without bond.

ALP LIQUIDATING TRUST - Quarterly Report (Q) EXHIBIT

The source of both short-term and long-term future liquidity is expected to be derived from cash on hand and income earned thereon. The Partnership filed its reply to the Lexington counterclaim and believes it has meritorious defenses to the counterclaim. There are pending motions to stay and for summary judgment which have not been set for hearing. In addition, the Administrator may, subject to the proviso in the preceding sentence, distribute any of the Trust Property to the Beneficiaries in-kind. All material intercompany balances and transactions have been eliminated in consolidation.

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 Resident Trustee shall not be liable for the acts or omissions of the Administrator, the Partnership or the 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 Administrator and the trustees are entitled to receive a share of cash distributions, when and as cash distributions are made. 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.

Effective on and as of the date of this Amendment, each of BankBoston, N. The following lawsuit in large part allegedly arose out of landscaping issues at a certain subdivision in the Weston Community. Borrowers have delivered to Agent current Ownership and Encumbrance Reports on all property comprising the Mortgaged Properties.

Waterproofing filed an answer to the amended complaint and Arvida has replied. Cash and cash equivalents, beginning 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.

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ALP LIQUIDATING TRUST - FORM 10-K - March 21 2012

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Plaintiffs have filed a motion to expand the class to include other homes in Weston. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.

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. As a result of the direct and beneficial ownerships of outstanding shares of common stock of The St. The motion to dismiss Arvida was granted.

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