Ontario · CCAA
Third Report of the Monitor dated June 14, 2022.pdf
Court officer report · 14 June 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: General Unsecured Creditors will be paid the full amount of their proven claims when (i) the Project has achieved 90% occupancy; (ii) Secured Creditors have been paid in full; and (iii) the Applicant has sufficient liquidity to satisfy such distribution, as determined by the Monitor (the ' Distribution Conditions ') · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: General Unsecured Creditors · interim final: unstated · conditional on: the Project has achieved 90% occupancy; Secured Creditors have been paid in full; and the Applicant has sufficient liquidity to satisfy such distribution, as determined by the Monitor · claims qualifier: unstated; basis: plan · quote: the Monitor, on behalf of the Applicant, shall also distribute to each Affected Creditor with a Voting Claim in the General Unsecured Creditor Class an amount equal to 100% of such Affected Creditor's Voting Claim, and such distribution shall be made on the date that the following conditions have been satisfied: (i) the Highlight Project has achieved 90% occupancy; (ii) Secured Creditors have been paid in full; and (iii) the Applicant has sufficient liquidity to satisfy such distribution, as determined by the Monitor. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Affected Creditor with a Voting Claim in the General Unsecured Creditor Class · interim final: unstated · conditional on: the Highlight Project has achieved 90% occupancy; Secured Creditors have been paid in full; and the Applicant has sufficient liquidity to satisfy such distribution, as determined by the Monitor · claims qualifier: unstated · stated on: 2022-06-14 · table missing: