Ontario · CCAA
Motion Record of the Applicants dated May 8, 2025 (Vol 3)
Application / notice of application · 8 May 2025
Also filed as: Motion Record of the Applicants dated May 8, 2025 (Vol 3)
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
- secured creditorsnote: Per the motion record index (Tab P), Hakim Optical Laboratory Limited granted RBC a General Security Agreement dated April 29, 2021. Hakim Optical Laboratory Limited also granted a Guarantee and Postponement of Claim (Exhibit R) in favour of RBC for the debts of Evelyn Aimis Holdings Inc., with its liability capped at $7,000,000 CAD (a guarantee ceiling, not a balance) - related party guarantee. No outstanding balance stated in the excerpted pages. · page: 27 · as of: 2021-04-29 · debtor: Hakim Optical Laboratory Limited · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General Security Agreement dated April 29, 2021 (Exhibit P, per motion record index) - described as a blanket personal property security agreement; substantive text of this exhibit was not included in the excerpted pages (only the exhibit cover page and index entry are present)
- secured creditorsnote: Indebtedness Secured clause covers all obligations of Debtor to RBC, present or future, whether as principal or surety; Debtor also granted a Guarantee and Postponement of Claim (Exhibit S) in favour of RBC for the debts of Evelyn Aimis Holdings Inc., with Debtor's liability capped at $7,000,000 CAD (a guarantee ceiling, not a balance) - related party guarantee. No outstanding balance stated in the excerpted pages. · page: 40 · as of: 2021-04-29 · debtor: Lawrence Ophthalmic Lab Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General Security Agreement dated April 29, 2021 (Exhibit Q) - blanket security interest over all present and after-acquired personal property of Debtor, including inventory, equipment, accounts/book debts, intangibles, chattel paper, documents of title, instruments, securities, intellectual property and proceeds