Alberta · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 12 January 2024
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: Demand issued June 19, 2023; total advances of $6,500,000 made between January 28, 2021 and April 19, 2023 (inclusive of interest reserve/fees); indebtedness continues to accrue interest and costs after this date; West Edmonton Truckland Ltd. postponed its registered mortgage security to KV Capital · page: 4 · as of: 2023-06-19 · amount: 6679729 · debtor: Jasper Summerlea Shopping Center Ltd. · creditor: KV Capital Inc. · currency: CAD · security: Mortgage dated September 14, 2022 (as amended, replacing December 13, 2022 mortgage) securing principal indebtedness up to $6,500,000; assignment of rents and leases dated September 14, 2022; security agreement dated December 13, 2020 over all present and after-acquired personal property
- secured creditorsnote: Postponed/subordinated its registered mortgage security to KV Capital to facilitate amendment of KV Capital's mortgage and assignment of rents · page: 4 · debtor: Jasper Summerlea Shopping Center Ltd. · creditor: West Edmonton Truckland Ltd. · currency: CAD · security: Registered mortgage (third-party mortgagee)