Alberta · Receivership (court-appointed)
Sale Approval and Vesting Order re Solar Cittee Developments Ltd. (June 28, 2019)
Approval and vesting order · 28 June 2019
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 delivery of the Receiver's Certificate to the Purchaser and upon the Purchaser confirming satisfaction or waiver of the due diligence conditions on or before the Condition Date set out in the Sale Agreement.
- order date28 June 2019
- presiding officerJustice R. A. Graesser
- purchaserEnergy Crossing Leduc Inc.
- sale outcometext: The Court approved the Transaction contemplated by the Sale Agreement between the Receiver and Energy Crossing Leduc Inc. and authorized the Receiver to complete it and vest the Purchased Assets in the Purchaser upon delivery of the Receiver's Certificate. · scope: parcel · status: approved