British Columbia · Receivership (court-appointed)
Notice of Application, filed November 5, 2024
Application / notice of application · 5 November 2024
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 filing2 verified
- secured creditorsnote: Primary secured creditor as against assets subject to the Receivership Order; approximate amount owed · page: 3 · as of: 2024-09-03 · amount: 2400000 · debtor: G3 Genuine Guide Gear Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General security agreement
- secured creditorsnote: Secondary secured creditor; priority agreement among RBC, FWC and Debtor gives FWC priority over Insurance Policy and IP Assets; no balance amount stated · page: 3 · debtor: G3 Genuine Guide Gear Inc. · creditor: FWCU Capital Corp. (FWC) · currency: CAD · security: Security over FWC Collateral (key-man life insurance policy and IP Assets), priority per subordination and standstill agreement dated June 16, 2015; second-ranking as against other assets subject to Receivership Order