Ontario · Receivership (court-appointed)
Supplementary Motion Record of the Receiver (re Approval of SISP)
Application / notice of application · 29 May 2020
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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: Aviva is forecasted to experience a 2% shortfall on the Halo Project and a 6% shortfall on the Clover Project on its fourth-ranking mortgages · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Aviva's fourth-ranking mortgage on the Halo Project · creditor name: Aviva · interim final: unstated · claims qualifier: unstated · shortfall pct low: 2 · shortfall pct high: 2; basis: estimated · quote: Aviva is forecasted to experience a 2% shortfall on the Halo Project and a 6% shortfall on the Clover Project on its fourth-ranking mortgages · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Aviva's fourth-ranking mortgage on the Clover Project · creditor name: Aviva · interim final: unstated · claims qualifier: unstated · shortfall pct low: 6 · shortfall pct high: 6; basis: estimated · quote: there will remain some unsecured creditors that will not see any recovery under the Stalking Horse Agreements, including real estate commissions in respect of the Unit Purchasers and Trades whose contracts are not assumed by the Purchasers (other than any amounts that are Priority Holdback Amounts). · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors (real estate commissions in respect of the Unit Purchasers and Trades whose contracts are not assumed) · interim final: unstated · conditional on: under the Stalking Horse Agreements; other than any amounts that are Priority Holdback Amounts · claims qualifier: unstated · stated on: 2020-05-29 · table missing: