Ontario · Receivership (court-appointed)
Application Record dated May 19, 2017
Application / notice of application · 19 May 2017
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified
- applicantTREZ CAPITAL LIMITED PARTNERSHIP, TREZ CAPITAL (2011) CORPORATION and COMPUTERSHARE TRUST COMPANY OF CANADA
- commencement date19 May 2017
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-17-11800-00CL
- provinceONTARIO
- statutory basisSection 101 of the Courts of Justice Act and Section 243 of the Bankruptcy and Insolvency Act
- secured creditorsnote: Amount is outstanding balance as of May 10, 2017, per Mortgage Statement, plus per diem interest of $3,068.49 and unbilled disbursements; does not include Tax Rebate of $128,403.09 also owing from Borrower to Lender. Guaranteed by Ontario International College Inc./College International de l'Ontario Inc. under Guarantee and Postponement of Claim dated February 4, 2016. · page: 6 · as of: 2017-05-10 · amount: 22475684.94 · debtor: 2481043 Ontario Inc. · creditor: Trez Capital Limited Partnership, Trez Capital (2011) Corporation and Computershare Trust Company of Canada (the "Lender") · currency: CAD · security: Charge/Mortgage registered September 25, 2015 (Instrument No. AT4018127) securing principal sum of $30,000,000.00; amended to reflect principal outstanding of $23,400,000.00; Additional Security including October 2016 Amending Agreement to the Charge, Notice of Assignment of Rents, and General Security Agreement dated October 5, 2016; PPSA registration over all security relating to the Property (no prior or subsequent registrations)
- secured creditorsnote: Borrower failed to pay Lender the Tax Rebate of $128,403.09 applied by the City of Toronto to reduce outstanding property tax arrears; treated as a separate amount owing not included in the $22,475,684.94 balance. · page: 6 · debtor: 2481043 Ontario Inc. · creditor: Trez Capital Limited Partnership, Trez Capital (2011) Corporation and Computershare Trust Company of Canada (the "Lender") · currency: CAD · security: Tax Rebate obligation