It would be great to make this accessible for many people Do you think the textiles of this project could be used for mass-production in the near future?I would like to develop this project further, make it easier to produce and super sustainable.Buyer wishes to purchase the Aircraft from Seller and to assume Seller’s rights and obligations under the Lease, and Seller wishes to sell the Aircraft to Buyer and to assign to Buyer Seller’s rights and obligations under the Lease, all on the terms and conditions hereinafter set forth.For all purposes of this Agreement, unless the context requires otherwise, in addition to those terms defined elsewhere in this Agreement, each of the following terms shall have the meanings indicated below and, in each case, defined terms may be used in either the singular or the plural, as circumstances may warrant: ” shall mean, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with such Person, including, without limitation, any limited partnership, limited liability company or grantor trust of which such Person or any Affiliate of such Person is the trustee or sole grantor sole or co-general partner or managing agent and any members of any limited liability company and any Affiliate of such Person, such limited partnership, limited liability company or grantor trust.Such assets shall be reserved, liquidated or distributed by the Trustee in accordance with the terms of the Liquidating Trust Agreement.After dissolution and liquidation, in accordance with the Partnership Agreement and pursuant to the California Revised Limited Partnership Act as adopted by and in effect in the State of California, the General Partner shall cause the Partnership to file with the Secretary of State of the State of California, a Certificate of Dissolution and a Certificate of Cancellation, which dissolves the Partnership and cancels the Partnership’s Certificate of Limited Partnership.This Plan of Dissolution and Liquidation (this “Plan”), is entered into as of June 30, 2006, by and among PLM Equipment Growth Fund VI, a California limited partnership (the “Partnership”), and PLM Financial Services, Inc., a Delaware corporation (the “General Partner”).Purchase Agreement (N16647) Dated as of April 11, 2007, Between Plm Cal Ii Llc, as Seller, and Dougherty Air Trustee, Llc, Not in Its Individual Capacity, but Solely as the Investment Trustee Under the Investment Trust Agreement, as Purchaser _______________________________ One Boeing Model 737-524 Aircraft Bearing Manufacturer’s Serial Number 28908 and Faa Registration Mark N16647 and Two Cfm International, Inc.
Seller is the owner of the Aircraft, acting as Owner Trustee on behalf of Owner Participant under the Trust Agreement (such term and other capitalized terms used without definition having the meanings given to them in Section 1 below).To the extent that the Trustee becomes liable for the payment of taxes, including withholding taxes, in respect of income derived from the investment of funds held hereunder or any payment made hereunder (collectively, the “Taxes”), the Trustee may pay such Taxes.This LIQUIDATING TRUST AGREEMENT (this “Agreement”), dated as of June 30, 2006 (the “Effective Date”), by and between PLM Equipment Growth & Income Fund VII, a California limited partnership, as Grantor (the “Partnership”), and PLM Financial Services, Inc., a Delaware corporation, as Trustee (the “Trustee”).certain Third Amended and Restated Limited Partnership Agreement, dated as of May 10, 1993, which was further amended pursuant to that certain First Amendment to the Third Amended and Restated Limited Partnership Agreement dated as of May 28, 1993, by that certain Second Amendment to the Third Amended and Restated Limited Partnership Agreement dated as of January 21, 1994, by that certain Third Amendment to the Third Amended and Restated Limited Partnership Agreement dated as of January 21, 1994, and by that certain Fourth Amendment to Third Amended and Restated Limited Partnership Agreement dated August 24, 2001 (collectively, the “Partnership Agreement”); and provide that the Partnership be dissolved upon the determination by PLM Financial Services, Inc., a Delaware corporation, General Partner of the Partnership (the “General Partner”) that it is necessary to commence the liquidation of the assets of the Partnership in order for the liquidation of all of the assets to be completed in an orderly and businesslike fashion prior to January 1, 2007; and WHEREAS, the General Partner believes it to be in the best interest of the Partnership to complete the liquidation of the Partnership by transferring all remaining assets of the Partnership (the “Retained Assets”) to a liquidating trust (the “Trust”) with PLM Financial Services, Inc., serving as its initial trustee (the “Trustee”), including a cash reserve set aside for the contingent and existing obligations of the Partnership (the “Cash Reserve”); and WHEREAS, the Trustee shall administer the Liquidating Trust pursuant to the terms of this Agreement and, upon satisfaction of all liabilities and obligations of the Partnership and the Liquidating Trust, the Trustee shall distribute the residue of the proceeds of the liquidation of the assets of the Partnership in accordance with the terms hereof; NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Partnership hereby agrees to grant, release, assign, convey and deliver unto the Trustee for the benefit of the Beneficiaries (as hereinafter defined), all of the right, title and interest of the Partnership in and to the Retained Assets for the uses and purposes stated herein on the Effective Date, subject to the terms and provisions set out below, and the Trustee hereby agrees to accept such Retained Assets and such Trust, subject to the following terms and provisions:” shall mean a Person (i) who in his individual capacity is a director, trustee, officer, partner or employee of the Manager or of a Person who controls, is controlled by or is under common control with the Manager or (ii) who controls, is controlled by or is under common control with the Manager.” shall mean each Beneficiary’s proportionate share of the Trust Assets in the Trust determined by the ratio of the number of Partnership Interests held by the Initial Beneficiary on the close of business on the Record Date in the Partnership over the total number of Partnership Interests existing on such Record Date in the Partnership and thereafter each Beneficiary’s proportional beneficial interest in the Trust represented by Trust Units.” shall mean the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the “PLM Equipment Growth & Income Fund VII Liquidating Trust”; also referred to herein as the “Trust.”” shall mean such Person or Persons who have been employed by, or who have contracted with, the Trustee to assist in the management of the Trust, and for the avoidance of doubt, the Manager may be the General Partner or any affiliate of the General Partner.” shall mean an individual, a corporation, a partnership, an association, a joint stock company, a limited liability company, a trust, a joint venture, any unincorporated organization, or a government or political subdivision thereof.” shall mean all the property held from time to time by the Trustee under this Agreement, which initially shall consist of the Retained Assets of the Partnership granted, assigned and conveyed to the Trustee by the Partnership including, but not limited to, the Cash Reserve, and, in addition, shall thereafter include all proceeds and other receipts of, from, or attributable to any assets, causes of actions or claims held by the Trust.Textiles become more interesting through processes such as washing, surface friction and color change by sunlight. I can feel very guilty and responsible towards things.With this, the consumer is tempted to use them longer. The overall idea in society is that something looks best if it looks like new (with some exceptions of course). However, I realised that I could feel emotionally good if I saw traces of use on products, because it shows these weren’t made for nothing.