Alberta · Receivership (court-appointed)
Application
Application / notice of application · 5 February 2021
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What we verified from this filing9 verified
- applicantROYAL BANK OF CANADA
- courtCOURT OF QUEEN'S BENCH OF ALBERTA
- court file no2003 - 14690
- appointeeMNP Ltd.
- appointee rolereceiver and manager
- secured creditorsnote: Fun Park EDM Debt; interest accruing after Feb 1, 2021 at $2.95 per diem · page: 3 · as of: 2021-02-01 · amount: 271007.12 · debtor: Fun Park Amusement Center Ltd. (Fun Park EDM) · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated August 15, 2016 (EDM GSA), registered Alberta PPR August 11, 2016, instrument no. 16081108494
- secured creditorsnote: Fun Park WPG Debt; interest accruing after Feb 1, 2021 at $315.99 per diem · page: 3 · as of: 2021-02-01 · amount: 1987245.47 · debtor: Fun Park Amusement Center (Winnipeg) Ltd. (Fun Park WPG) · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated June 23, 2017 (WPG GSA), registered Manitoba PPR June 23, 2017, instrument no. 201711334306; Chattel Mortgage dated April 15, 2017; Progress Payment Agreement dated June 23, 2017 over leaseholds and equipment at 1175 Wilkes Avenue
- secured creditorsnote: Billed legal fees as at January 31, 2021, included in total Debt · page: 3 · as of: 2021-01-31 · amount: 53517.29 · debtor: Fun Park Amusement Center Ltd. / Fun Park Amusement Center (Winnipeg) Ltd. / City Wide Entertainment Group Inc. · creditor: Royal Bank of Canada · currency: CAD
- secured creditorsnote: Total Debt (Fun Park EDM Debt + Fun Park WPG Debt + Legal Fees) as at February 1, 2021, net of $125,000 payment received under Forbearance Agreement; secured also by City Wide guarantees to maximum amounts of $755,000.00 (Fun Park EDM Debt) and $1,290,000.00 (x3, Fun Park WPG Debt), which are guarantee ceilings not balances · page: 3 · as of: 2021-02-01 · amount: 2311769.88 · debtor: Fun Park Amusement Center Ltd., Fun Park Amusement Center (Winnipeg) Ltd., City Wide Entertainment Group Inc. · creditor: Royal Bank of Canada · currency: CAD · security: EDM GSA; WPG GSA; City Wide GSA (guarantees to maximum amounts of $755,000, $1,290,000 x3); Chattel Mortgage; Progress Payment Agreement