British Columbia · CCAA
Approval and Vesting Order
Approval and vesting order · 11 December 2020
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 termsSurplus Equipment vests in the Purchasers upon Maynards paying the Net Sale Proceeds with an accounting and the Monitor delivering the Monitor's Certificate to Maynards
- order date11 December 2020
- presiding officerJustice Fitzpatrick
- purchaserprice: note: Net Proceeds of sale of the Surplus Equipment are paid to the Monitor; no purchase price is stated · sealed: false · scope: the Surplus Equipment (surplus assets located at Okanagan Falls described in the Sale Agreement schedule) · status: approved · name note: end purchasers at auction, unnamed; Maynards Industries Canada Ltd. is the auctioneer under the auction and liquidation services agreement and also acquires any remaining Surplus Equipment not sold by auction · structure: auction · name source: operative · relationship: unstated
- sale advisorMaynards Industries Canada Ltd.
- sale outcometext: Court approved the auction and liquidation services agreement between Sunniva Medical Inc. and Maynards and authorized Maynards to market and sell the Surplus Equipment by auction · scope: liquidation · status: approved