Ontario · Receivership (court-appointed)
Fifth Report to Court
Court officer report · 20 December 2011
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: to Firm Capital the amount of $17,749,273.05 on account of the indebtedness owing to it by the Debtor for principal, interest and costs, net of the applicable Contested Amounts (defined below), plus $5,302.90 per day from and including December 9, 2011 to the date of payment; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 17749273.05 · cumulative: false · amount high: 17749273.05 · class label: Firm Capital · creditor name: Firm Capital Mortgage Fund Inc. · interim final: unstated · conditional on: upon completion of the Mady Agreement · claims qualifier: unstated; basis: actual · quote: to White Bear the amount of $1,972,566.68 on account of the indebtedness owing to it by the Debtor for principal, interest and costs, net of the applicable Contested Amounts, plus $1,080.86 per day from and including December 10, 2011 to the date of payment; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1972566.68 · cumulative: false · amount high: 1972566.68 · class label: White Bear · creditor name: White Bear Developments Inc. · interim final: unstated · conditional on: upon completion of the Mady Agreement · claims qualifier: unstated; basis: actual · quote: to Pendragon the amount of $7,401,274.40 on account of the indebtedness owing to it by the Debtor for principal, interest and costs, net of the applicable Contested Amounts, and secured by Pendragon's third mortgage on the Lands, plus $2,838.84 per day from and including December 10, 2011 to the date of payment; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 7401274.4 · cumulative: false · amount high: 7401274.4 · class label: Pendragon · creditor name: Key Pendragon Enterprises Inc. · interim final: interim · conditional on: upon completion of the Mady Agreement · claims qualifier: unstated; basis: actual · quote: (b) to White Bear, the amount of $1,977,970.98, with respect to the White Bear Charge; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1977970.98 · cumulative: false · amount high: 1977970.98 · class label: White Bear · creditor name: White Bear Developments Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: (c) to Pendragon, the aggregate amount of $9,916,602.70, with respect to the Pendragon third mortgage, fourth mortgage and fifth mortgage. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 9916602.7 · cumulative: true · amount high: 9916602.7 · class label: Pendragon · creditor name: Key Pendragon Enterprises Inc. · interim final: interim · claims qualifier: unstated; basis: actual · quote: (a) a further distribution to Firm Capital, in the amount of $329,574.00, in full satisfaction of its claims with respect to the loan renewal fee and interest pursuant · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 329574 · cumulative: false · amount high: 329574 · class label: Firm Capital · creditor name: Firm Capital Mortgage Fund Inc. · interim final: unstated · conditional on: in full satisfaction of its claims with respect to the loan renewal fee and interest pursuant to section 17 of the Ontario Mortgages Act · claims qualifier: unstated; basis: actual · quote: (b) a further distribution to White Bear, in the amount of $156,024.24, in full satisfaction of its claims with respect to the forbearance fees and interest pursuant to section 17 of the Ontario Mortgages Act referred to in clause 4(b)(i), and the legal fees and disbursements and other costs referred to in subparagraph 5(b), of the Interim Distribution Order; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 156024.24 · cumulative: false · amount high: 156024.24 · class label: White Bear · creditor name: White Bear Developments Inc. · interim final: unstated · conditional on: in full satisfaction of its claims with respect to the forbearance fees and interest pursuant to section 17 of the Ontario Mortgages Act · claims qualifier: unstated; basis: actual · quote: (c) a further distribution to Pendragon, in the amount of $288,512.31, in full satisfaction of its claims with respect to the forbearance fees and interest pursuant to section 17 of the Ontario Mortgages Act referred to in clauses 4(c)(i), 4(d)(i) and 4(e)(i), and the legal fees and disbursements and other costs referred to in subparagraph 5(b), of the Interim Distribution Order; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 288512.31 · cumulative: false · amount high: 288512.31 · class label: Pendragon · creditor name: Key Pendragon Enterprises Inc. · interim final: unstated · conditional on: in full satisfaction of its claims with respect to the forbearance fees and interest pursuant to section 17 of the Ontario Mortgages Act · claims qualifier: unstated; basis: actual · quote: (d) a distribution to Lombard, in the amount of $2,253,345.74, on account of the no nes e re s rss November 2, 2011 secured by the Lombard Charges registered against certain of the Lands, plus interest thereon up to the date of payment; and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 2253345.74 · cumulative: false · amount high: 2253345.74 · class label: Lombard · creditor name: Lombard Insurance Company of Canada · interim final: unstated · claims qualifier: unstated; basis: actual · quote: (e) a distribution to Con-Drain, in the amount of $57,314.12 on account of the indebtedness owing to it by the Debtor and secured by the Con-Drain Charge registered against the Lands. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 57314.12 · cumulative: false · amount high: 57314.12 · class label: Con-Drain · creditor name: Con-Drain Company (1983) Limited · interim final: unstated · claims qualifier: unstated · stated on: 2011-12-20 · table missing: