Ontario · Receivership (court-appointed)
Motion Record returnable September 16, 2013
Application / notice of application · 16 September 2013
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 412.12 · quote: The average hourly rate for the Receiver and Osler for the referenced billing period was $412.12 and $515.61, respectively. · scope: the Receiver · currency: · invoices: · firm text: Duff & Phelps Canada Restructuring Inc. · firm quote: Solicitors for the Duff & Phelps Canada Restructuring Inc. in its capacity as Court appointed Receiver of CPI Corp., CPI Portrait Studios of Canada Corp. And CPI Canadian Images · context quote: Solicitors for the Duff & Phelps Canada Restructuring Inc. in its capacity as Court appointed Receiver of CPI Corp., CPI Portrait Studios of Canada Corp. And CPI Canadian Images; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 515.61 · quote: The average hourly rate for the Receiver and Osler for the referenced billing period was $412.12 and $515.61, respectively. · scope: Osler · currency: · invoices: · firm text: Osler, Hoskin & Harcourt LLP · firm quote: OSLER, HOSKIN & HARCOURT LLP · context quote: OSLER, HOSKIN & HARCOURT LLP
- recovery outcomeentries: basis: estimated · quote: It is anticipated that the Lenders will incur a shortfall on their advances under the Credit Agreement. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Lenders · creditor name: Bank of America, N.A., as Administrative Agent · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the sale process run to date by CPI US and the interest expressed by the market in the assets of the CPI Group, it is likely that the Senior Lenders will incur a substantial shortfall on their advances under the Credit Agreement. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Senior Lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Applicant is expected to incur a shortfall on its advances under the Credit Agreement. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Applicant · creditor name: Bank of America, N.A. · interim final: unstated · claims qualifier: unstated · stated on: 2013-09-09 · table missing: