Ontario · CCAA
Motion Record Approval of Interim Distribution from HWT, returnable Part 1 of 2
Application / notice of application · 15 December 2010
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What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The Monitor is recommending that the amount of the interim distribution of the HWT corpus to each Income Beneficiary be 10% of the Income Benefits calculated in accordance with the Approved HWT Allocation Methodology, using data available as of December 31,2010 according to the Applicants' books and records, as updated from time to time; provided that the interim distribution canot exceed three months of the Income Benefits payable to the Income Beneficiary, based on the monthly amount payable to the Income Beneficiary for December, 2010. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · stated by: monitor · cumulative: false · class label: Income Beneficiaries (LTD Income, SIBs, STBs In Pay) · interim final: interim · conditional on: interim distribution cannot exceed three months of the Income Benefits payable to the Income Beneficiary, based on the monthly amount payable to the Income Beneficiary for December, 2010 · claims qualifier: unstated; basis: estimated · quote: Based on the ilustrative scenarios appended to the Supplement to the Monitor's FifiyFirst Report dated September 17, 2010, the Approved HWT Allocation Methodology (Scenario #2) results in an allocation on account of Income Benefits of 33.8% of the actuarial value of the Income Benefits. · pct of: unstated · outcome: distribution · pct low: 33.8 · pct high: 33.8 · stated by: monitor · class label: Income Benefits (Scenario #2 allocation) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: under the proposed interim distribution, STB Beneficiaries entitled to STBs In Pay would receive in aggregate approximately $355,000; and · pct of: unstated · outcome: distribution · stated by: monitor · amount low: 355000 · cumulative: true · amount high: 355000 · class label: STB Beneficiaries entitled to STBs In Pay · interim final: interim · claims qualifier: unstated · stated on: 2010-12-03 · table missing: