Ontario · Receivership (court-appointed)
Motion Record - dated March 10, 2025
Application / notice of application · 10 March 2025
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: Aggregated serialized-equipment/vehicle financiers registered as 'Secured Party – PPSA' or 'Secured Creditor – PPSA' on the service list, subject to the Lien and PPSA Claims Discharge Order sought in this motion; individual registrants include First American Commercial Bancorp Inc., BMO Capital Markets, GM Financial Canada Leasing Ltd., Thermo King Toronto, Armaan Truck Repair Inc., De Lage Landen Financial Services Canada Inc., LBEL Inc., Sharp Electronics of Canada Ltd, Grand Touring Automobiles o/a Grand Touring Financial Services, Stoughton Trailers Canada Corporation, Coast Capital Equipment Finance Ltd., RDS Auto Truck, ATCO Structures & Logistics Ltd., and Jonjo Transport Refrigeration Limited o/a Thermo King Eastern Canada; amounts not stated · page: 31 · debtor: TPine Canada Securitization LP / TPine Canada GP Inc. (SPV Receivership Property) · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PPSA registrations against vehicles/equipment comprising the Purchased Assets
- secured creditorsnote: Total indebtedness under Securitization Facility; amount exclusive of further accruing interest, expenses and other costs, charges, fees owed under the LSA · page: 48 · as of: 2024-09-19 · amount: 243585000 · debtor: TPine Canada Securitization LP · creditor: Royal Bank of Canada, as Financial Services Agent (on behalf of Committed/Conduit Lenders under the Securitization Facility) · currency: CAD · security: First priority perfected security interest and hypothec in Collateral/Purchased Assets under Amended and Restated Loan Security Agreement dated December 7, 2022