Ontario · Receivership (court-appointed)
Motion Record (AVO and ARVO)
Application / notice of application · 18 August 2026
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 filing4 verified
- secured creditorsnote: Aggregate outstanding Indebtedness owing to the Lenders, exclusive of fees, expenses and costs, as stated in the Notice of Motion · page: 8 · as of: 2026-07-01 · amount: 159686419.93 · debtor: Grasshopper Entities (Original Debtors and Non-Debtor Obligors) · creditor: Deutsche Bank Trust Company Americas (Agent), Deutsche Bank AG Canada Branch, and The Bank of Nova Scotia (Lenders) · currency: USD · security: First-ranking security interest in all or substantially all assets and property of the Grasshopper Entities; PPSA registrations against all Grasshopper Entities; leasehold charges registered in Ontario Land Registry Offices for the 132 C&I Portfolio projects; Limited Recourse Guarantee and Pledge Agreements with Third-Party Project Co-Owners pledging equity interests
- secured creditorsnote: Registered later-in-time than the Agent's registration; subordinated and postponed to the Agent's Indebtedness pursuant to a subordination and postponement agreement; related party (affiliate of Third-Party Project Co-Owner) · page: 30 · debtor: SPN LP 1, SPN LP 4, SPN LP 5 · creditor: NFN Solar GP Inc. (affiliate of a Third-Party Project Co-Owner) · currency: CAD · security: PPSA registration in respect of three Grasshopper Entities (SPN LP 1, SPN LP 4, SPN LP 5)
- secured creditorsnote: Guarantee obligations owed to the Agent are limited recourse; any indebtedness owing by Grasshopper Entities to these Third-Party Project Co-Owners is postponed and subordinated to payment in full of the Guaranteed Obligations owing to the Agent following an event of default · page: 30 · debtor: Applicable Grasshopper Entities in which Third-Party Project Co-Owners hold equity · creditor: Third-Party Project Co-Owners (11 entities) · currency: CAD · security: Security interest under Limited Recourse Guarantee and Pledge Agreements in equity interests (Pledged Property) of applicable Grasshopper Entity, registered under PPSA
- unsecured creditorsnote: Disputed claim - Receiver believes SPN LP 10, not the Non-Debtor Service Providers, is entitled to these Pre-Filing Proceeds; approximate figure · page: 69 · as of: pre-filing 26-month period prior to granting of Receivership Order · basis: Position taken by Non-Debtor Service Providers as reported by the Receiver · amount: 98000 · debtor: SPN LP 10 · creditor: Non-Debtor Service Providers (or their affiliates) · currency: CAD