Alberta · Receivership (court-appointed)
Sale Approval and Vesting Order re Hammoud (April 11, 2018)
Approval and vesting order · 11 April 2018
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 filing5 verified
- closing termsVesting is effective upon the Receiver's delivery to the Purchaser of a Receiver's Certificate in the form of Schedule A, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
- order date11 April 2018
- presiding officerJustice R. A. Graesser
- purchaserAdnan Hammoud
- sale outcometext: The Court approved the Transaction with Adnan Hammoud for the Purchased Assets, with vesting to occur on delivery of the Receiver's Certificate. · scope: parcel · status: approved