Ontario · Receivership (court-appointed)
Application Record dated February 27, 2025
Application / notice of application · 27 February 2025
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What we verified from this filing1 verified
- secured creditorsnote: Applicants state TCC (as Nominee) is 'each of the Debtors' sole registered secured creditor under the PPSA, and is the only creditor with a charge against the Lands' and that Applicants are unaware of any additional parties holding secured claims. Obligations guaranteed by 2633501 Ontario Inc. (a corporate co-respondent/related-party guarantor) and personal guarantees of individuals Allen Toma and Emil Toma pursuant to a Guarantee Agreement dated November 4, 2021. · page: 14 · as of: 2025-01-07 · amount: 10313562.9 · debtor: Elderwood Holdings Inc. · creditor: TCC Mortgage Holdings Inc. (as Nominee for Trez Capital Limited Partnership; successor-in-interest, since December 2024, to Computershare Trust Company of Canada as original Nominee) · currency: CAD · security: First-ranking mortgage/charge over the Real Property registered November 4, 2021 in the registered amount of $9,300,000 (registration amount, not outstanding balance); General Security Agreement dated November 4, 2021; General Assignment of Rents dated November 4, 2021; Assignment of Contracts dated November 4, 2021; Assignment of Insurance Proceeds dated November 4, 2021; Assignment and Pledge of Interest Reserve Account dated November 4, 2021; Beneficial Owners' Agreement dated November 4, 2021 (Beneficial Owners postponed/subordinated their interest in the Property to the Nominee's security); Environmental Representation, Warranty and Indemnity dated November 4, 2021; PPSA registration over EHI's present and after-acquired personal property related to the Lands