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Royalty Payments

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Listing Information


Royalty Payments

Minimum Price: $70,000.00

Other Item Info
Item #: mabke_421017
Created: 09/01/2014
Category: Business Property > Financial > Other
Sale Date: None Set
Seller Info
Joseph H. Baldiga
1800 West Park Drive Suite 400
Westborough, MA 01581
Bankruptcy Info
Case #: 1:12-bk-13862
Court: Massachusetts Bankruptcy Court
Chapter: 7
View Case Docket

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Sale of Interest in stream of royalty payments (the “Royalties”) that are payable or become payable pursuant to Section 9.20 of a certain Agreement for the Purchase of all the Stock of Mass Gravel, Inc. and all of the Assets of Coastal Waste Systems, Inc., entered into on or about October 5, 1999, between Mr. Hannon and Waste Management of Massachusetts, Inc. (“WMMA”), as amended on April 13, 2000 (the “Taunton Landfill Agreement”), Pursuant to Section 9.20 of the Taunton Landfill Agreement, as amended, WMMA agreed to pay to Mr. Hannon an amount equal to seven dollars ($7.00) for each ton of solid waste deposited in a certain landfill located in Taunton, Massachusetts (the “Taunton Landfill Site”) greater than the capacity of 835,000 tons of waste (i.e., the Royalties).

Additional Details

Bid Deposit: $10,000

Opening Bid: $73,500.00

Updated accounting of royalty payments through August 2014

Other Information

Terms and Conditions:

See Attached.

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