British Columbia · Receivership (court-appointed)
BMO v Haro-Thurlow Street Project LP et al Petition filed October 23, 2023
Application / notice of application · 23 October 2023
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 filing3 verified
- secured creditorsnote: Outstanding amount under Credit Agreement (principal $94,000,000 originally advanced) as of Oct 16, 2023; interest continues to accrue at $24,361.64/day from Oct 17, 2023. Demand made Aug 29, 2023 requiring payment by Sept 8, 2023; no payment received. · page: 5 · as of: 2023-10-16 · amount: 95284936.98 · debtor: Haro-Thurlow Street Project Limited Partnership, Haro and Thurlow GP Ltd., and Harlow Holdings Ltd. (jointly and severally) · creditor: Bank of Montreal · currency: CAD · security: Mortgage and assignment of rents dated August 23, 2018 (Charge Nos. CA7024178, CA7024179) granted by Harlow Holdings Ltd. over the Harlow Lands; Equitable Mortgage dated October 3, 2018 over LP's beneficial interest in the Harlow Lands; General Security Agreement dated October 3, 2018 (BC PPR base registration 985774K, registered August 27, 2018) over present and after-acquired personal property of LP and Harlow Holdings
- secured creditorsnote: Amount is the judgment/guarantee liability sought under the Zou-Yu Guarantee, secured by the Zou-Yu Mortgage; interest subject to compounding provisions of Credit Agreement and Guarantee from Oct 17, 2023 · page: 5 · as of: 2023-10-16 · amount: 7121512.33 · debtor: Wei Zou and Xia Yu · creditor: Bank of Montreal · currency: CAD · security: Zou-Yu Mortgage and assignment of rents dated December 31, 2020 (Charge Nos. CA8742911, CA8742912) over the Zou-Yu Lands
- secured creditorsnote: Third-party subordinate registration against the Harlow Lands; balance amount not stated in the petition · page: 10 · debtor: Harlow Holdings Ltd. (Harlow Lands) · creditor: 1104227 B.C. Ltd., Forseed Haro Holdings Ltd. and 0699099 B.C. Ltd. · currency: CAD · security: Mortgage and assignment of rents registered under Charge Numbers CA7151176 and CA7151177 against the Harlow Lands, ranking subsequent to BMO's Mortgage