Ontario · CCAA
Approval and Vesting Order
Order (other) · 2 October 2024
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 filing7 verified
- closing termsVesting is effective upon delivery of the Receiver's certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 8 closing conditions, and completion of the Transaction to the Receiver's satisfaction
- counselAird & Berlis LLP
- order date2 October 2024
- presiding officerJustice Peter Osborne
- purchaser1000948249 Ontario Inc.
- sale outcometext: Court approved the Transaction under the Asset Purchase Agreement between the Receiver and 1000948249 Ontario Inc. and vests the Purchased Assets in the Purchaser upon delivery of the Receiver's Certificate · scope: whole_business · status: approved
- sealed itemsThe Sale Agreement is appended as a confidential appendix to the First Report of the Receiver