Ontario · Receivership (court-appointed)
Third Report of the Receiver dated May 16, 2017
Court officer report · 16 May 2017
Also filed as: Third Report of the Receiver dated May 16, 2017; Third Report of the Receiver dated May 16, 2017; Third Report of the Receiver dated May 16, 2017; Third Report of the Receiver dated May 16, 2017
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 filing1 verified · 6 withheld
- secured creditorsnote: 2223947 Ontario Limited is one of eleven Trustee Corporations for which Grant Thornton Ltd. was appointed Trustee (syndicated mortgage investment structure); Loan Agreement dated May 1, 2013 between Lender (2223947 Ontario Limited) and Borrower (1703858 Ontario Ltd.); figures shown are facility/Principal Sum limit and registered mortgage face value, not a stated outstanding balance (no balance figure disclosed in these pages) · page: 164 · debtor: 1703858 Ontario Inc. (Burlington) · creditor: 2223947 Ontario Limited · currency: CAD · security: First mortgage (Charge/Mortgage of Land) on the Property at 2170 Ghent Road, Burlington, Ontario, ranking in first priority; initial face value of the Mortgage $5,500,000, increasable to a maximum mortgage amount of $12,800,000 upon new appraisal satisfactory to Olympia Trust; also secured by General Security Agreement and a Note
6 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.