Ontario · CCAA
Approval and Vesting Order dated May 12, 2023
Approval and vesting order · 12 May 2023
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 filing6 verified
- closing termsVesting occurs upon delivery of the Monitor's Certificate; Travel Services Shares vest in TS Holdco at 12:01 a.m. and the balance of the Purchased Assets vest in Newco at 12:06 a.m.
- counselCassels Brock & Blackwell LLP
- order date12 May 2023
- presiding officerJustice Conway
- purchaserBank of Montreal
- sale outcometext: Asset Purchase Agreement and Transaction approved · scope: whole_business · status: approved