Ontario · Receivership (court-appointed)
Application Record of National Bank of Canada 19-August-2021
Application / notice of application · 19 August 2021
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
- secured creditorsnote: Named as PPSA registrant on service list; collateral scope and amount not stated. · page: 3 · creditor: JLHD Investments Inc. · currency: CAD · security: PPSA registrant (province not specified)
- secured creditorsnote: Collateral scope and amount not stated. · page: 3 · creditor: Jim Pattison Industries Ltd. · currency: CAD · security: PPSA registrant (Ontario and British Columbia)
- secured creditorsnote: Regulatory/statutory Crown charge (deemed-trust-type class); no amount stated in document. · page: 4 · creditor: Her Majesty the Queen in Right of the Province of British Columbia · currency: CAD · security: Crown charge registration pursuant to Provincial Sales Tax (British Columbia)
- secured creditorsnote: Collateral scope and amount not stated. · page: 4 · creditor: The Bank of Nova Scotia · currency: CAD · security: PPSA registrant (Ontario and Nova Scotia)
- secured creditorsnote: Aggregated PMSI-type registrants named on service list: Scotia Dealer Advantage Inc. (Nova Scotia), Ford Credit Canada Company (Ontario), Tricor Lease & Finance Corp (Ontario), and Mercedes-Benz Financial Services Canada Corporation; amounts not stated. · page: 5 · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Serialized-equipment/vehicle PPSA registrations
- secured creditorsnote: Collateral scope and amount not stated. · page: 5 · creditor: Royal Bank of Canada · currency: CAD · security: PPSA registrant (Ontario)
- secured creditorsnote: Exact dated balance per Affidavit of Sonia De Lorenzi (incl. accrued interest, costs and legal fees to July 31, 2021) used as amount; Notice of Application separately states a slightly lower figure of $11,684,195.57 as at July 22, 2021 (incl. fees to June 30, 2021) - prose/earlier approximation. Also backed by personal guarantees of Peter Bozzo (sole officer/director), dated Aug 28, 2019: Oakdale guarantee principal $1,980,000 and Environmental/Nimbus guarantee principal $1,482,500, each plus interest from demand - personal guarantor, not a company. · page: 29 · as of: 2021-08-18 · amount: 11795951.74 · debtor: Nimbus Environmental Solutions Inc. and Oakdale Enterprises Inc. (Borrowers), with Nimbus Water Systems Inc., 365 Pro Installations Inc., Water Filter Cart Inc. and 2242462 Ontario Limited as Corporate Guarantors · creditor: National Bank of Canada · currency: CAD · security: General Security Agreements (all present and after-acquired personal property, excluding consumer goods) dated Aug 28, 2019 from Borrowers and Corporate Guarantors; Charge/Mortgage of Land in the principal amount of $12,600,000 registered Sept 16, 2019 against Oakdale's Real Property (112 Oakdale Road, Toronto); General Assignment of Rents and Leases dated Aug 28, 2019 registered Sept 16, 2019; unlimited cross-guarantees (Nimbus/Oakdale) and unlimited Corporate Guarantees (Nimbus Water, 365 Pro, 224, Water Filter) each dated Aug 28, 2019, secured by first-ranking GSAs; PPSA registrations against all Respondents in Ontario (Aug 2, 2019) and against Nimbus Water Systems in Alberta, British Columbia, Manitoba and Nova Scotia (June 5, 2021)