Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 18 August 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: plan · quote: Providing for a distribution to holders of all other Affected Claims (primarily comprised of amounts owing to Pre-Sale Purchasers in respect of payments for upgrades or credits against unit purchases, amounts owing to unsecured creditors who are not Construction Trade Creditors as defined in the plan, as well as certain contingent claims) of up to 3% of their proven claim, subject to an overall cap on total distributions paid of $300,000; and · pct of: proven_claims · outcome: distribution · pct low: 3 · currency: CAD · pct high: 3 · class key: unsecured · stated by: monitor · amount high: 300000 · class label: holders of all other Affected Claims · interim final: unstated · conditional on: overall cap on total distributions of $300,000 (Distribution Pool); rate reduced proportionately if Affected Claims exceed $10.0 million · currency quote: all monetary amounts are expressed in Canadian dollars · claims qualifier: unstated; basis: plan · quote: Other suppliers and creditors of the Clover CCAA Applicants who are not Construction Trade Creditors, as well as any contingent or litigation creditors, will receive a payment of up to 3% of the proven amount of their Affected Claim, up to the total amount of the Distribution Pool. · pct of: proven_claims · outcome: distribution · pct low: 3 · pct high: 3 · class key: unsecured · stated by: monitor · class label: Other suppliers and creditors who are not Construction Trade Creditors, as well as any contingent or litigation creditors · interim final: unstated · conditional on: up to the total amount of the Distribution Pool · claims qualifier: unstated · stated on: 2020-08-18 · table missing: