Alberta · CCAA
Plan Sanction Order - SemCanada Crude
Plan sanction / final order · 27 October 2009
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 filing2 verified
- presiding officerJustice B.E.C. Romaine
- recovery outcomeentries: basis: plan · quote: each Secured Creditor shall receive a distribution by way of a cheque in an amount equal to the full amount of its Secured Claim, sent by prepaid ordinary mail to the last known address of such Secured Creditor or to the address for such Secured Creditor specified in the Proof of Claim filed by such Secured Creditor in full satisfaction, payment, settlement, release and discharge of its respective Secured Claim and security. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: unstated · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: each Ordinary Creditor holding a Proven Claim shall receive a cheque from the Monitor in an amount equal to the lesser of: · pct of: proven_claims · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: unstated · class label: Ordinary Creditors · interim final: unstated · conditional on: lesser of its Pro Rata Ordinary Creditors Amount and 4% of such Ordinary Creditor's Proven Claim · claims qualifier: unstated · table missing: