Alberta · Receivership (court-appointed)
Order (Approval and Vesting_ 840586 Alberta Ltd) - Filed June 30, 2020
Approval and vesting order · 30 June 2020
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 occurs upon delivery of a Receiver's certificate to the Purchaser, subject only to AER approval of transfer of applicable licenses, permits and approvals; the certificate confirms payment of the Purchase Price, satisfaction or waiver of closing conditions in Articles 11 and 12 of the Sale Agreement, and completion of the Transaction to the Receiver's satisfaction.
- order date29 June 2020
- presiding officerJustice K. M. Horner
- purchaser840586 Alberta Ltd.
- sale outcometext: The Transaction with 840586 Alberta Ltd. was approved and vesting of the Purchased Assets ordered, effective on delivery of the Receiver's certificate. · scope: whole_business · status: approved