Ontario · CCAA
Book of Authorities of the Respondance in respect of the Sanction Order (Motion Returnable December 7 and 10, 2012)
Plan sanction / final order · 6 December 2012
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: liquidation_alternative · quote: 13 The alternative faced by the Company was that of a forced liquidation, which as estimated by the Monitor would result in a shortfall to secured lenders in excess of $100 million. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: secured lenders · interim final: unstated · claims qualifier: unstated · shortfall amount: 100000000; basis: plan · quote: 7 The Existing Shareholders will not be entitled to any distributions under the Plan or other compensation from the CMI Entities on account of their equity interests in Canwest Global. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Existing Shareholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Section 4.6 of Plan provides that the claims listed in paragraph (l) of the definition of "Unaffected Claims" shall be paid in full from a fund known as the Plan Implementation Fund within six months of the sanction order. · pct of: unstated · outcome: paid_in_full · stated by: court · class label: claims listed in paragraph (l) of the definition of "Unaffected Claims" · interim final: unstated · claims qualifier: unstated · table missing: