-----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, QHE3/sdVY0N0GpbL4+tG5hzKzrxRS8FaedApFIYy47LaB5Q4bVBGpuZe7HIXjUph T02TMFNiYjWw+Y89W9LBRQ== 0000914317-96-000209.txt : 19960731 0000914317-96-000209.hdr.sgml : 19960731 ACCESSION NUMBER: 0000914317-96-000209 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-C CENTRAL INDEX KEY: 0000755115 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 133244534 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14462 FILM NUMBER: 96600920 BUSINESS ADDRESS: STREET 1: 411 WEST 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-C, A California Limited Partnership - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 0-14462 13-3244534 - ---------- ------- ---------- (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 $441,600 representing the outstanding balance of the October 1995 Lease prepayment. At the time of sale, such Aircraft had a net carrying value of approximately $3,034,600. Registrant has now completed the disposition of its remaining assets. ALI Equipment Management Corp., the Managing General Partner of Registrant, will prepare a final accounting of Registrant's assets and liabilities and will commence the dissolution and termination of Registrant and make a final distribution to partners. 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-C, 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-----