Ontario · Receivership (court-appointed)
Affidavit of Tro DerBedrossian dated August 16, 2024
Affidavit · 16 August 2024
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What we verified from this filing4 verified
- secured creditorsnote: Indebtedness comprised of $96,727.06 (June 2023 CSC) + $302,719.11 (October 2023 CSC), inclusive of interest to Aug 13, 2024, excluding costs/legal fees. The Supplementary Affidavit (p.2-3) states the total as $399,466.17, which is inconsistent with the sum of the two components and the demand letter total of $399,446.17; the demand letter figure (matching the stated components) is used here. · page: 32 · as of: 2024-08-13 · amount: 399446.17 · debtor: Trans Globe Logistics Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Conditional Sales Contract dated June 26, 2023 (vehicle financing, 2023 GMC Sierra 1500); Conditional Sales Contract dated October 12, 2023; General Security Agreement dated October 26, 2023
- secured creditorsnote: Guaranteed Indebtedness relates to same underlying Trans Globe CSC debt; guarantee is capped at $7,800,000 (facility/guarantee limit, not a balance); collateral mortgage amount of $34,690,000 is the registered mortgage amount, not an outstanding balance. · page: 36 · as of: 2024-08-13 · amount: 399446.17 · debtor: Polestar Holdings Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Guarantee and Postponement of Claim dated October 26, 2023 (guarantee limit $7,800,000 plus interest from date of demand); General Security Agreement dated October 26, 2023; Collateral mortgage dated November 1, 2023 in the amount of $34,690,000 over real property at 12423 Coleraine Drive, Caledon, Ontario; Assignment of rents dated November 1, 2023
- secured creditorsnote: Guaranteed Indebtedness relates to same underlying Trans Globe CSC debt; guarantee is capped at $7,800,000 (facility/guarantee limit, not a balance). · page: 40 · as of: 2024-08-13 · amount: 399446.17 · debtor: Compass Rose International Transportation Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Guarantee and Postponement of Claim dated October 26, 2023 (guarantee limit $7,800,000 plus interest from date of demand); General Security Agreement dated October 26, 2023
- counselBorden Ladner Gervais LLP