Ontario · NOI
Amended Joint Proposal of Artiva Inc. and LiveWell Foods Canada Inc. dated August 26, 2020.pdf
Proposal document · 26 August 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Proven Claim of each Secured Creditor shall, at the option of the Secured Creditor, be paid and/or satisfied within thirty (30) of days of the Claim of the Secured Creditor becoming a Proven Claim. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Proven Claims of the Preferred Creditors are to be paid in full in priority to the Proven Claims of the Unsecured Creditors in accordance with the BIA and the Proposal. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Proven Claims of the Related Creditors shall be fully subordinated to the Proven Claim of the Unsecured Creditors and shall not be entitled to receive a distribution under Article [7.5] unless and until the Proven Claims of the Unsecured Creditors are paid in full. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Related Creditors · interim final: unstated · conditional on: unless and until the Proven Claims of the Unsecured Creditors are paid in full · claims qualifier: unstated; basis: plan · quote: For each fiscal year ending December 31 for the four (4) years beginning for the year ended 31 December 2020, the Debtor will pay fifty (50) per cent of the Net Income of the Debtor pro rata to Creditors based on and to reduce the amount owing under the Certificates, provided that no creditor is entitled to receive more than 100% of that Creditor's Proven Claim. · pct of: unstated · outcome: distribution · class key: secured · stated by: debtor · class label: Creditors (Noteholders / Certificates) · interim final: unstated · conditional on: fifty (50) per cent of the Net Income of the Debtor pro rata to Creditors based on and to reduce the amount owing under the Certificates, provided that no creditor is entitled to receive more than 100% of that Creditor's Proven Claim · claims qualifier: unstated · table missing: