Quebec · CCAA
Thirty-Sixth Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
Court officer report · 26 June 2014
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: The amount of the authorized interim distribution is $16,819,846 and contemplates (i) a reserve of $4,403,369 for the Lien Claims (representing the aggregate amount of the proofs of claim filed by the lien claimant, namely $3,503,611 as shown in the table above, plus 25%) and (ii) a reserve of $2M representing the estimated portion of the advances made by HII to the Trustee pursuant to the Funding Order that is expected to be assumed by the holders of the Series 7 Bonds and deducted from their aggregate recovery from the HII Parties. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: monitor · amount low: 16819846 · amount high: 16819846 · class label: holders of the Series 7 Bonds · creditor name: Series 7 Bondholders · interim final: interim · currency quote: all monetary amounts contained herein are expressed in Canadian dollars · claims qualifier: unstated; basis: unstated · quote: If the Bond 7 Kai Mortgage is found to rank ahead of the Lien Claims, there will be no distribution available to the holders of said Lien Claims. · pct of: unstated · outcome: nil · class key: pmsi_lessor · stated by: monitor · class label: holders of said Lien Claims · interim final: unstated · conditional on: If the Bond 7 Kai Mortgage is found to rank ahead of the Lien Claims · claims qualifier: unstated · stated on: 2014-06-26 · table missing: