Alberta · Receivership (court-appointed)

Affidavit of Robert Garner, sworn August 6, 2024

Affidavit · 6 August 2024

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

secured creditorsnote: Comprised of Loan 833400011114 ($25,240,346.83) and Loan 833400017475 ($1,354,940.36), totaling $26,595,287.19 as at July 9, 2024, plus further accruing costs, expenses (solicitor and own client full indemnity basis) and interest. Last payment by Borrower was December 7, 2023; Borrower in default. Demand letter and Notice of Intention to Enforce Security issued March 7, 2024. · page: 2 · as of: 2024-07-09 · amount: 26595287.19 · debtor: Vista Heights Management Limited · creditor: Concentra Financial Services Association · currency: CAD · security: General Security Agreement (registered June 24, 2013); Mortgage registered June 27, 2013 as instrument No. 131 153 901 (securing stated sum of $34,200,000.00 at 4.5% interest per annum - registered/secured principal ceiling, not a balance); General Assignment of Rents and Leases registered by Caveat June 27, 2013 (instrument No. 131 153 902); Assignment of parking license granted by City of Calgary (July 23, 2013); Share Pledge Agreement over shares of the Borrower granted by the Borrower's shareholders