-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OBtjEibY5gGaXvdhfzuC9mhhsWq9PYKKD4+348F6Wp7dQ67LfQKqUamQYv5stWgk 36xonobrwCXgGqRDXxCmQw== 0000914317-96-000208.txt : 19960731 0000914317-96-000208.hdr.sgml : 19960731 ACCESSION NUMBER: 0000914317-96-000208 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960716 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19960730 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED RESOURCES AMERICAN LEASING INVESTORS VII-B CENTRAL INDEX KEY: 0000755114 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 133244533 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14460 FILM NUMBER: 96600919 BUSINESS ADDRESS: STREET 1: 411 W PUTNAM AVE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038627000 8-K 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Date of Report (Date of earliest event reported). July 16, 1996 INTEGRATED RESOURCES AMERICAN LEASING INVESTORS VII-B, A California Limited Partnership - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 0-14460 13-3244533 - ---------- ------- ---------- (State or other jurisdiction Commission I.R.S. Employer of incorporation) File Number I.D. Number 411 West Putnam Avenue, Greenwich, CT 06830 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number including area code: (203) 862-7000 ================================================================================ ITEM 2. Acquisition or Disposition of Assets Registrant owned a Boeing 727-214 aircraft (the "Aircraft") which was leased to USAir, Inc. ("USAir") pursuant to a lease agreement (the "Lease") which was scheduled to expire by its terms on January 2, 1997. In October of 1995, USAir fully repaid the nonrecourse debt associated with Registrant's acquisition of the Aircraft by prepaying all remaining fixed rentals due under the Lease. On July 16, 1996, Registrant sold the Aircraft to an unrelated third party for sale proceeds of approximately $2,950,000 less selling expenses of approximately $357,500. Concurrently with the sale, Registrant and USAir terminated the Lease. In addition, Registrant retained and recognized as income approximately $462,900 representing the outstanding balance of the October 1995 Lease prepayment. At the time of sale, such Aircraft had a net carrying value of approximately $3,055,400. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Integrated Resources American Leasing Investors VII-B, a California Limited Partnership -------------------------------------- By: ALI Equipment Management Corp. Managing General Partner /s/ Douglas J. Lambert -------------------------------------- Douglas J. Lambert President (Principal Executive and Financial Officer) Date: July 29, 1996 -----END PRIVACY-ENHANCED MESSAGE-----