Ontario · Receivership (court-appointed)
Application Record of Cameron Stephens Mortgage Capital Ltd. (for motion returnable December 11, 2023) (3 of 3)
Application / notice of application · 11 December 2023
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What we verified from this filing1 verified
- secured creditorsnote: No dollar amount of indebtedness stated in these pages; underlying loan made pursuant to Letter of Commitment dated February 3, 2022 (amount not disclosed). Also secured by Guarantee and Postponement of Claim agreements dated 29 September 2023 from corporate guarantors 1000162801 Ontario Corp., 1000199992 Ontario Corp., and Amercan Corporation (related/affiliated entities) guaranteeing the Jefferson Properties LP / 2011836 Ontario Corp. indebtedness to Cameron Stephens; guarantors are companies, not the primary debtor, and no guarantee amount is stated. · page: 19 · debtor: Amercan Corporation (guarantor/security grantor); underlying borrower Jefferson Properties Limited Partnership and 2011836 Ontario Corp. · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: General Security Agreement (all-property/blanket: inventory, equipment, accounts, other; incl. real property Schedule 'A' - Baby Tar Island, Island 105 Plan 120, Township of Escott, ON) registered under Ontario PPSA (Reg. No. 20230926 1703 1462 7761, 26-Sep-2023, 5-year term); also subordination and assignment re Jefferson Properties Limited Partnership and 2011836 Ontario Corp. debt