Alberta · Receivership (court-appointed)

Sale Approval and Vesting Order re Genesis - Reid Lots (April 20, 2018)

Approval and vesting order · 20 April 2018

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 filing3 verified

closing termsVesting occurs upon delivery of a Receiver's Certificate to the Purchaser confirming payment of the Purchase Price and satisfaction or waiver of closing conditions
purchaserprice: sealed: false · scope: 1679775 Alberta Ltd.'s right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (Reid (167) Lots) · status: approved · name note: Purchaser's name is garbled/illegible in OCR of the application paragraph; Schedule A caption and recitals refer to 'Genesis Land Development Corp.' and a Sale Agreement dated April 13, 2018, but the operative text does not clearly name the Purchaser · structure: real_property · name source: operative · relationship: unstated · agreement date: 2018-04-13
sale outcometext: Receiver's sale of land lots (Reid (167) Lots) under the Sale Agreement approved; vesting subject to delivery of Receiver's Certificate · scope: parcel · status: approved