Alberta · Receivership (court-appointed)
Sale Approval and Vesting Order re Footprint Development - Reid Lots (May 16, 2018)
Approval and vesting order · 16 May 2018
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
- closing termsVesting occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
- order date16 May 2018
- presiding officerJustice R. A. Graesser
- purchaserFootprint Development Group Inc.
- sale outcometext: The Court approved the Transaction and the Receiver's execution of the Sale Agreement with Footprint Development Group Inc.; vesting of the Purchased Asset is effective on delivery of the Receiver's Certificate. · scope: parcel · status: approved