Ontario · Receivership (court-appointed)
Application Record of National Bank of Canada returnable July 11, 2025
Application / notice of application · 4 July 2025
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 filing2 verified
- secured creditorsnote: Amount is outstanding Indebtedness inclusive of interest accrued to July 3, 2025; interest and fees continue to accrue per the Notice of Application. · page: 11 · as of: 2025-07-03 · amount: 10405079.53 · debtor: Axiom Real-Time Metrics Inc. · creditor: National Bank of Canada · currency: CAD · security: General security agreement (1st ranking charge on all present and future, movable/immovable, tangible/intangible assets, including IP) dated March 11, 2024; insurance assignment, warranty and undertaking dated March 11, 2024; notice of security in intellectual property dated March 11, 2024. Offer of Financing dated January 29, 2024 established facility limits (not balances): Line of Credit maximum $10,000,000 CAD, Non-Revolving Special Credit maximum $10,000,000 CAD, Substitution Line maximum $2,100,000 CAD, Mastercard Credit Cards maximum $400,000 CAD.
- secured creditorsnote: BDC notice indicated intent to demand repayment and enforce BIA security against J2ASM and against Axiom in its capacity as corporate guarantor of the BDC Loan; this notice constituted an event of default under National Bank's Offer of Financing. J2ASM is separately in receivership under Court File No. CV-24-00731538-00CL with PwC as receiver. No balance or specific charge over Axiom's assets stated in these pages. · page: 12 · as of: BDC Notice dated May 16, 2024 · debtor: J2ASM Inc. (primary debtor); Axiom Real-Time Metrics Inc. as guarantor of the BDC Loan · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Security under the Bankruptcy and Insolvency Act (Canada); specific security instrument and amount not stated in this excerpt.