Alberta · Receivership (court-appointed)
Maynards Approval and Vesting Order
Approval and vesting order · 11 July 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 filing7 verified
- closing termsVehicles vest in the purchasers upon Maynards paying the Net Sale Proceeds with an accounting to the Receiver and the Receiver delivering the Receiver's Certificate to Maynards
- order date11 July 2018
- presiding officerJustice J. J. Gill
- purchaserprice: note: Price not stated; Sale Agreement appended to the Confidential Appendix · sealed: false · scope: the motor vehicles as described in Schedule 'A' attached hereto (collectively, the "Vehicles") · status: approved · name note: vehicles are vested in the persons acquiring them at auction (the 'Purchasers'), including Maynards itself for vehicles not sold at auction; none individually named · structure: auction · name source: operative · relationship: unstated · agreement date: 2018-06-27
- sale advisorMaynards Industries Canada Ltd.
- sale outcometext: Court approved the Sale Agreement with Maynards for the auction and sale of the Debtors' motor vehicles; vesting occurs on payment of Net Sale Proceeds and delivery of the Receiver's Certificate · scope: liquidation · status: approved
- sealed itemsSale Agreement between the Receiver and Maynards is appended to the Supplemental Confidential Appendix