Setting sale.Setting Sale: A Santa Monica-based development team has bid $41 million to purchase the lease to the Queen Mary Queen Mary, Queen Marie, or Queen Maria may refer to: Queens Britain England
tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. property. O&S Holdings has signed a non-contingency purchase agreement with Howard Ehrenberg, the bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most trustee for Queen's Seaport Development Inc., which holds the lease to the city-owned ship. QSDI declared Chapter 11 bankruptcy in March 2005 and has been searching for a developer to take over the lease ever since. |
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