Alberta · Receivership (court-appointed)
Sale Approval and Vesting Order re Pacesetter (April 11, 2018)
Approval and vesting order · 11 April 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 occurs upon the Receiver delivering to the Purchaser a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
- order date11 April 2018
- presiding officerJustice R. A. Graesser
- purchaserPacesetter Homes Ltd.
- sale outcometext: The Court approved the Transaction with Pacesetter Homes Ltd. and authorized execution of the Sale Agreement; vesting of the Purchased Assets is to take effect on delivery of the Receiver's Certificate. · scope: parcel · status: approved