British Columbia · Interim receivership
AVO Recognition Order
Order (other) · 7 February 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 filing4 verified
- closing termsCure Amounts and closing conditions relating to Assigned Contracts and specified equipment leases must be satisfied at or before Closing
- purchaserprice: note: Each Buyer's credit bid of Secured Obligations as Purchase Price for the Purchased Assets is proper pursuant to Section 363(k) of the Bankruptcy Code · basis: credit_bid · sealed: false · scope: the Purchased Assets · status: approved · name note: referred to only as "Buyer" / "applicable Buyer" under the Asset Purchase Agreement; not named in operative text · structure: assets · name source: operative · relationship: unstated; price: sealed: false · scope: the Purchased Assets · status: conditional_backup · name note: back-up bid under the Stalking Horse APA; referred to only as "Buyer" / "applicable Buyer" · structure: assets · name source: operative · relationship: stalking_horse
- sale outcometext: Court recognizes and gives effect to the Approval and Vesting Order and Back-Up Approval and Vesting Order and approves the sale of substantially all of the Debtors' assets · scope: whole_business · status: approved
- stalking horsestate: stated