Ontario · CCAA
Compendium of the Clover CCAA Applicants
Application / notice of application · 28 September 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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: Based on the information Concord currently has, the economics of the Clover project are such that all existing creditors should be able to be paid in full upon project completion. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: existing creditors · interim final: unstated · conditional on: upon project completion · claims qualifier: unstated; basis: plan · quote: these purchasers would be eligible for a dividend of 3% of their claim in accordance with the terms of the Plan. · pct of: unstated · outcome: distribution · pct low: 3 · pct high: 3 · class key: unsecured · stated by: monitor · class label: Stancorp pre-sale purchasers (unsecured Restructuring Period Claim) · interim final: unstated · conditional on: if all Pre-Sale Purchase Contracts are disclaimed and the Plan is implemented · claims qualifier: unstated; basis: plan · quote: the broker would be eligible for a dividend under the Plan equal to 3% of the affected broker's Restructuring Period Claim, subject to the $300,000.00 cap on distributions set out in the Plan. · pct of: unstated · outcome: distribution · pct low: 3 · pct high: 3 · class key: unsecured · stated by: monitor · class label: Brokers (unsecured Restructuring Period Claim for second tranche) · interim final: unstated · conditional on: pre-sale purchaser elects the Compensation Option; claim verified; subject to $300,000.00 cap on distributions · claims qualifier: unstated · table missing: