Alberta · Receivership (court-appointed)
Notice of Application (June 22, 2020)
Application / notice of application · 22 June 2020
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
- recovery outcomeentries: basis: unstated · quote: (a) To Kneehill County, in the amount of $357,540.45; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: court · amount low: 357540.45 · amount high: 357540.45 · class label: Kneehill County · creditor name: Kneehill County · interim final: unstated · conditional on: Proposed order; distribution fully and finally satisfies all claims by the municipality · claims qualifier: unstated; basis: unstated · quote: (b) To Clearwater County, in the amount of $465,748.56; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: court · amount low: 465748.56 · amount high: 465748.56 · class label: Clearwater County · creditor name: Clearwater County · interim final: unstated · conditional on: Proposed order; distribution fully and finally satisfies all claims by the municipality · claims qualifier: unstated; basis: unstated · quote: (c) To the County of Taber, in the amount of $22,757.82; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: court · amount low: 22757.82 · amount high: 22757.82 · class label: County of Taber · creditor name: County of Taber · interim final: unstated · conditional on: Proposed order; distribution fully and finally satisfies all claims by the municipality · claims qualifier: unstated; basis: unstated · quote: (d) To Wheatland County, in the amount of $381,063.73; and · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: court · amount low: 381063.73 · amount high: 381063.73 · class label: Wheatland County · creditor name: Wheatland County · interim final: unstated · conditional on: Proposed order; distribution fully and finally satisfies all claims by the municipality · claims qualifier: unstated; basis: unstated · quote: (e) To Rockyview County, in the amount of $63,824.31. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: court · amount low: 63824.31 · amount high: 63824.31 · class label: Rockyview County · creditor name: Rockyview County · interim final: unstated · conditional on: Proposed order; distribution fully and finally satisfies all claims by the municipality · claims qualifier: unstated; basis: unstated · quote: The Receiver is hereby authorized to make an interim distribution in the amount of $2,502,000.00 to National Bank of Canada and the Alberta Energy Regulator in accordance with the Distribution Agreement to which they are parties, as described in the Receiver's Eleventh Report. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 2502000 · amount high: 2502000 · class label: National Bank of Canada and the Alberta Energy Regulator · creditor name: National Bank of Canada and the Alberta Energy Regulator · interim final: interim · conditional on: Proposed order; made in accordance with the Distribution Agreement between NBC and AER · claims qualifier: unstated · table missing: