Ontario · Receivership (court-appointed)
Motion Record of the Applicant returnable September 21, 2021
Application / notice of application · 21 September 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- applicantGRAHAM SINGH, PETER ELGERSMA, TRINITY CENTRES FOUNDATION, TRINITY CENTRES CAMBRIDGE, MILLER THOMSON LLP and COLDPOINT HOLDINGS LTD.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-21-00000281-0000
- secured creditorsnote: Indebtedness arises under Loan Agreement dated March 5, 2020 providing a non-revolving Credit Facility with total principal advanced of $2,024,800 (Acquisition Loan $1,384,800 + Renovation Loan $640,000); the $2,500,000 Charge/Mortgage and Credit Facility amounts are registered/facility ceilings, not the outstanding balance; demand and BIA s.244 notice issued March 11, 2021 following alleged Event of Default (breach of no-material-litigation warranty due to RCC's Statement of Claim dated February 23, 2021) · page: 7 · as of: 2021-09-16 · amount: 1755155.63 · debtor: Trinity Centres Cambridge (TCC) · creditor: Coldpoint Holdings Ltd. · currency: CAD · security: First-ranking Charge/Mortgage registered against title to Real Property (15 Wellington Street, Cambridge) securing registered principal of $2,500,000; first-ranking General Assignment of Rents registered against title; first-ranking General Security Agreement (GSA) over all present and after-acquired property/assets of TCC (excluding consumer goods); PPSA registration dated March 2, 2020 against all classes of collateral except consumer goods (sole PPSA registration against TCC per Electronic Enquiry Result, file currency September 14, 2021)