Ontario · Receivership (court-appointed)
Motion Record re Receiver's Charge and Lien Holdback Priority Amounts, returnable August 1, 2023
Application / notice of application · 1 August 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The Ora Binding APA was the only available closable deal at the time that had a certain outcome of full recovery for the first secured creditor, Trez. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Trez Capital Partnership Limited · creditor name: Trez Capital Partnership Limited · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: 273, for advances it made under the Receiver's borrowing certificate, may begin to suffer a shortfall beginning in January 2024; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: 273 Ontario Inc. · creditor name: 273 · interim final: unstated · conditional on: due to the principal and interest on the TCC Mortgage beginning to overtake the cash proceeds available from the Ora Transaction · claims qualifier: unstated; basis: estimated · quote: the Receiver and its counsel will begin to suffer a shortfall for professional and legal fees as early as March 2024, · pct of: unstated · outcome: shortfall · class key: court_charges · stated by: receiver · class label: Receiver and its counsel (professional and legal fees) · interim final: unstated · conditional on: due to the principal and interest on the TCC Mortgage beginning to overtake the cash proceeds available from the Ora Transaction · claims qualifier: unstated · table missing: