Ontario · CCAA
Approval and Vesting Order (Delta Facility)
Approval and vesting order · 31 January 2025
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 filing6 verified
- closing termsVesting of the Purchased Assets in the Buyer occurs upon delivery of a Monitor's certificate to the Buyer, with the Monitor entitled to rely on written notice from the Seller and Buyer regarding fulfilment of closing conditions.
- counselGoodmans LLP
- order date26 February 2025
- presiding officerJustice Osborne
- purchaserHappy Planet Foods, Inc.
- sale outcometext: The Court approved the Delta Facility Transaction and authorized execution of the Delta Facility Purchase Agreement; vesting is to occur on delivery of the Monitor's Certificate. · scope: parcel · status: approved