Alberta · Receivership (court-appointed)
171 Alberta Sale Approval and Vesting Order dated January 29, 2018
Approval and vesting order · 29 January 2018
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 filing5 verified
- closing termsVesting takes effect upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction; net proceeds held in trust and Claims attach to proceeds.
- order date29 January 2018
- presiding officerJustice G.A. Campbell
- purchaser1715121 Alberta Ltd.
- sale outcometext: The Court approved the Transaction under the 171 PSA and authorized the Receiver to execute it, with vesting of the Oliver Property in the Purchaser upon delivery of the Receiver's Certificate. · scope: parcel · status: approved