In addition, the creation of IRLP
with Jorge Perez has established a pipeline of continued growth that will provide Insignia with ongoing opportunity to add to our portfolio of managed properties well beyond the 10,300 units included in this core acquisition.
31, 1996 or the date American Western obtains certain financing to restart the Indian Refinery (which IRLP had shut down in September 1995), and will be secured by the real property and certain of the equipment sold to American Western.
American Western will also assume certain liabilities, including all environmental liabilities of IRLP and certain contractual obligations relating to Shell Canada Limited.
Proceeds of the sales will be used to repay creditors of IRLP and Indian Oil.
The Company currently owns two refining subsidiaries, IRLP
The Company owns two refining subsidiaries, IRLP
value of the liquid collateral assets of IRLP and POC is
IRLP and POC have taken steps to materially reduce their
Sudhaus, president of the Company and CEO of IRLP
, to sell the Indian Refinery to CORE.