Ontario · CCAA
Application Record CCAA Application - Part 03
Application / notice of application · 6 November 2023
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- secured creditorsnote: Figures cited are facility ceilings (Maximum Amount of Loan), not outstanding balances: originally established under Warehouse Line of Credit Agreement dated January 19, 2018; increased to $2,600,000.00 CAD by First Amendment dated March 16, 2018; reduced to $1,400,000.00 CAD by Second Amendment dated September 10, 2018; further amended October 31, 2018 (amount not shown in extracted pages). No dated outstanding balance stated in extract. · page: 8 · as of: 2018-09-10 · debtor: Crown Crest Financial Corp. (Borrower); guaranteed by Simply Green Home Services Inc. · creditor: Peoples Trust Company · currency: CAD · security: General security interest in all of Borrower's present and after-acquired personal property, including Lease Assets and proceeds, granted by way of a Security Agreement, registered/perfected under applicable PPSA legislation
- secured creditorsnote: Only execution/signature page extracted; no Maximum Amount of Loan or outstanding balance figure appears in the pages provided. · page: 40 · as of: 2018-04-27 · debtor: Crown Crest Funding Corp., in its capacity as trustee of Crown Crest Capital Trust (Borrower); guaranteed by Crown Crest Capital Management Corp. · creditor: Peoples Trust Company · currency: CAD · security: Security Agreement (terms not reproduced on extracted pages); facility is an Amended and Restated Warehouse Line of Credit Agreement dated April 27, 2018, further amended September 10, 2018, March 21, 2019 and May 29, 2019 per contract schedule
- secured creditorsnote: Asset-purchase/lease (receivables securitization) structure rather than a conventional loan; no dollar amount of Investment or Pool Balance stated in the extracted pages. · page: 85 · debtor: Crown Crest Capital Trust / Crown Crest Financial Corp. (as Lessor/Servicer) · creditor: Peoples Trust Company (as Concurrent Lessee) · currency: CAD · security: Assignment/ownership of "Rights" in Leased Assets, including receivables, related collateral, guarantees, promissory notes and security interests supporting Obligor payment obligations, under Concurrent Lease Agreements (including versions dated April 15, 2019 and May 29, 2019, and amendments/restatements thereof)
- secured creditorsnote: Maximum Amount of Loan / outstanding balance not stated in extracted pages (only definitions and mechanics sections provided); Subordinated Debt permitted but must be postponed to this Loan. · page: 248 · debtor: Crown Crest Funding Corp., in its capacity as trustee of Crown Crest Capital Trust (Borrower); guaranteed by Simply Green Home Services Inc. · creditor: Greypoint Capital Inc. · currency: CAD · security: General Security Agreement over Borrower's present and after-acquired personal property, including Eligible/Lease Assets; Lender to obtain first-ranking claim on assets purchased with Advances, per Warehouse Line of Credit Agreement dated August 22, 2019
- secured creditorsnote: Principal amount of the Fifth Amended and Restated Convertible Debenture dated June 23, 2020. Originally issued as a $10,000,000.00 principal amount Convertible Debenture to Peoples Trust Company dated January 19, 2018 (registered principal, since reduced/restated). · page: 322 · as of: 2020-06-23 · amount: 1467162.88 · debtor: Simply Green Home Services Inc. (Vendor) · creditor: Peoples Trust Company · currency: CAD · security: Convertible Debenture (security status not specified in extracted pages)