Saskatchewan · Proposal
Form 40 – Report of Trustee on Proposal
Court officer report · 4 July 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: On the Proposal Implementation Date, in accordance with this Stalking Horse Proposal and subject to the conditions precedent set forth in Section 9.1 being satisfied or waived, each Affected Secured Creditor shall be entitled to receive a distribution of New Shares based on its Affected Pro Rata Share entitlement and which shall, and shall be deemed to, be received in full and final settlement of all Affected Secured Claims. · pct of: unstated · outcome: distribution · class key: secured · stated by: proposal_trustee · class label: Affected Secured Creditors · interim final: unstated · conditional on: conditions precedent set forth in Section 9.1 being satisfied or waived · claims qualifier: unstated; basis: plan · quote: On the Proposal Implementation Date, in accordance with this Stalking Horse Proposal and subject to the conditions precedent set forth in Section 9.1 being satisfied or waived, each Affected Unsecured Creditor shall be entitled to receive a distribution of cash in the amount of its respective Unsecured Creditors' Distribution based on the value of its Affected Unsecured Claim and which shall, and shall be deemed to, be received in full and final settlement of all Affected Unsecured Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: Affected Unsecured Creditors · interim final: unstated · conditional on: conditions precedent set forth in Section 9.1 being satisfied or waived · claims qualifier: unstated; basis: plan · quote: At or after Proposal Implementation, all Unaffected Creditors will be paid in full and in accordance with the existing terms and conditions of their contractual arrangements with the Company or on such other terms and conditions as may be agreed to by each of the Company and the Unaffected Creditor in writing. · pct of: unstated · outcome: paid_in_full · stated by: proposal_trustee · class label: Unaffected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Within six (6) months after Proposal Implementation, the Company will pay in full to Her Majesty in Right of Canada or any province any amount of a kind that could be subject to a demand under the statutory provision referred to in section 54(2.1) of the BIA that was outstanding on the Filing Date which has not been paid by Proposal Implementation. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Crown Priority Claims · creditor name: Her Majesty in Right of Canada or any province · interim final: unstated · conditional on: within six (6) months after Proposal Implementation · claims qualifier: unstated · stated on: 2022-07-04 · table missing: