Ontario · CCAA
NFC Motion Record (Returnable December 14, 2012)
Application / notice of application · 4 December 2012
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: interim · label: the Billing Period · quote: 1,388.9 hours were billed by FTI during the Billing Period · approval: state: unstated · averages: rate: 350 · quote: resulting in an average hourly rate of $350.00 (exclusive of applicable taxes) · currency: · invoices: · firm text: FTI Consulting Canada Inc. · firm quote: Solicitors for FTI Consulting Canada Inc., in its capacity as Courtappointed Receiver · hours total: quote: 1,388.9 hours were billed by FTI during the Billing Period · value: 1388.9 · context quote: As set out in the following table, 1,388.9 hours were billed by FTI during the Billing Period, resulting in an average hourly rate of $350.00 (exclusive of applicable taxes):; form: prose · rows: · money: approximate: false · period: kind: interim · label: the Billing Period · quote: 745.3 hours were billed by Fasken Martineau during the Billing Period · approval: state: unstated · averages: rate: 552.5 · quote: resulting in an average hourly rate of $552.50 (exclusive of applicable taxes) · currency: · invoices: · firm text: Fasken Martineau · firm quote: Fasken Martineau DuMoulin LLP · hours total: quote: 745.3 hours were billed by Fasken Martineau during the Billing Period · value: 745.3 · context quote: As set out in the following table, 745.3 hours were billed by Fasken Martineau during the Billing Period, resulting in an average hourly rate of $552.50 (exclusive of applicable taxes):
- recovery outcomeentries: basis: actual · quote: THIS COURT ORDERS that the Receiver be and is hereby authorized and directed to distribute to the Canadian Commercial Workers Industry Pension Plan the sum of $17,407.92 in respect of pension contribution arrears outstanding and owing by NFC as at February 22, 2012, in accordance with section 81.6 of the Bankruptcy and Insolvency Act, R.S.C., 1985, c. B-3. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 17407.92 · amount high: 17407.92 · class label: Canadian Commercial Workers Industry Pension Plan · creditor name: Canadian Commercial Workers Industry Pension Plan · interim final: unstated · claims qualifier: unstated; basis: actual · quote: THIS COURT ORDERS that, subject to the terms of the Reimbursement Agreement, the Receiver is hereby authorized and directed to make an interim distribution or distributions to BMO on account of the indebtedness of NFC to BMO (the "Interim Distribution Amounts") from the proceeds in the Receiver's hands in the following amounts: (a) $6,000,000; plus, (b) the amount, if any, by which the $3,000,000 CCAA Directors' Charge exceeds the aggregate face amount of all Director's Charge claims filed with the Receiver on or before the Directors' Charge claims bar date (to be established on a motion to be heard on at or about the same time as the within motion, in conjunction with the termination of the NFC CCAA Proceedings). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 6000000 · amount high: 6000000 · class label: Bank of Montreal · creditor name: Bank of Montreal · interim final: interim · conditional on: plus the amount, if any, by which the $3,000,000 CCAA Directors' Charge exceeds the aggregate face amount of all Director's Charge claims filed with the Receiver on or before the Directors' Charge claims bar date · claims qualifier: unstated · stated on: 2012-12-04 · table missing: