Ontario · CCAA
Notice of Motion Returnable January 14, 2016
Application / notice of application · 12 January 2016
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: estimated · quote: LBC will suffer a shortfall under the LBCSecurity in excess of $6 million. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: LBC · creditor name: LBC · interim final: unstated · claims qualifier: unstated · shortfall amount: 6000000; basis: estimated · quote: As a result, there will not be any funds available for distribution to the Lien Claimants other than with respect to priority claims for Holdback Deficiencies. · pct of: unstated · outcome: nil · stated by: monitor · class label: Lien Claimants other than Settled Lien Claimants with respect to Holdback Deficiencies · interim final: unstated · conditional on: other than with respect to priority claims for Holdback Deficiencies · claims qualifier: unstated; basis: estimated · quote: LBC has entered into Settlement Agreements pursuant to which, on this motion, LBC would receive a distribution of $25,000,000 and the Settled Lien Claimants would receive the amounts set out at Schedule "A" to the Draft Order on account of their priority claims for Holdback Deficiencies in the aggregate amount of $2,441,693; · pct of: unstated · outcome: distribution · class key: landlord · stated by: monitor · amount low: 2441693 · amount high: 2441693 · class label: Settled Lien Claimants · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: LBC has entered into Settlement Agreements pursuant to which, on this motion, LBC would receive a distribution of $25,000,000 and the Settled Lien Claimants would receive the amounts set out at Schedule "A" to the Draft Order on account of their priority claims for Holdback Deficiencies in the aggregate amount of $2,441,693; · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 25000000 · amount high: 25000000 · class label: LBC · creditor name: LBC · interim final: unstated · claims qualifier: unstated · table missing: