Ontario · CCAA
The purpose of this Fifty-Seventh Report of the Monitor (the "Fifty-Seventh Report") is to seek this Honourable Court's approval of an interim distribution to the Income Beneficiaries (defined below) from funds held in the Applicants' Health and Welfare Trust (the "HWT") on account of their Income Benefits and such ancillary relief as is just and convenient
Court officer report · 3 December 2010
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Monitor is recommending that the amount of the interim distribution of the HWT corpus to each Income Beneficiary be 10% of the Income Benefits calculated in accordance with the Approved HWT Allocation Methodology, using data available as of December 31, 2010 according to the Applicants' books and records, as updated from time to time; provided that the interim distribution cannot exceed three months of the Income Benefits payable to the Income Beneficiaryl. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · stated by: monitor · cumulative: false · class label: Income Beneficiaries (HWT) · interim final: interim · conditional on: interim distribution cannot exceed three months of the Income Benefits payable to the Income Beneficiary · claims qualifier: unstated; basis: estimated · quote: under the proposed interim distribution, STB Beneficiaries entitled to STBs In Pay would receive in aggregate approximately $355,000; and · pct of: unstated · outcome: distribution · stated by: monitor · amount low: 355000 · cumulative: true · amount high: 355000 · class label: STB Beneficiaries entitled to STBs In Pay · interim final: interim · claims qualifier: unstated · stated on: 2010-12-03 · table missing: