Quebec · CCAA
Amended Plan of Arrangement and Reorganization – dated October 16, 2008
Plan of arrangement / compromise · 16 October 2008
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: none of Bonterra, Bonterra Energy Income Trust or Novitas Energy Ltd. shall be entitled to any distribution or payment (including in respect of the Bonterra Note) pursuant to this Plan or otherwise or, except as provided in the Arrangement Agreement, have any right, claim or recourse against any of the property or assets or proceeds thereof owned by SRX prior to the Plan Implementation Date, any funds from the Investment, any entity or person to which such property or assets of SRX may be assigned, transferred or conveyed, or any of their creditors or representatives of creditors, including without limitation, the Monitor or any monitor appointed pursuant to the CCAA, any receiver or interim receiver, or any trustee in bankruptcy or proposal trustee. · pct of: unstated · outcome: nil · stated by: debtor · class label: Bonterra, Bonterra Energy Income Trust and Novitas Energy Ltd. · creditor name: Bonterra Energy Corp., Bonterra Energy Income Trust and Novitas Energy Ltd. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Holders of Existing SRX Equity shall not be entitled to any payment or other compensation with respect to such Existing SRX Equity and any and all Claims that any Person · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Holders of Existing SRX Equity · interim final: unstated · claims qualifier: unstated; basis: plan · quote: will receive in respect of its Proven Claims, as soon as practicable after the Plan Implementation Date, in full and final satisfaction of its Affected Claims, from the Affected Creditors' Fund (subject to the reserves set out in Section 5.1(b)), the lesser of : (i) $2,000.00; and (ii) the aggregate amount of such Affected Creditor's Proven Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 2000 · amount high: 2000 · class label: Affected Creditors · interim final: unstated · conditional on: the lesser of $2,000.00 and the aggregate amount of such Affected Creditor's Proven Claims, for claims of $2,000 or less or reduced to $2,000 · claims qualifier: unstated; basis: plan · quote: will receive, in full and final satisfaction of its Affected Claims, payment of its pro rata share of the remaining Affected Creditors' Fund, after deducting the reserves set out in Section 5.1(b) and the payments made or to be made pursuant to Section 4.1(a) above, in respect of its Proven Claims in accordance with Article 5 hereof, and such Person's Affected Claims shall be discharged and extinguished on the Plan Implementation Date, and thereafter, the only obligation of SRX in respect of the Affected Claims of such Person shall be to make the payment set out above in this Section 4.1(b) · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · conditional on: pro rata share of the remaining Affected Creditors' Fund after deducting reserves and Section 4.1(a) payments · claims qualifier: unstated · table missing: