Ontario · Receivership (court-appointed)

Motion Record of the Receiver (re Borrowing Increase Order)

Application / notice of application · 22 September 2026

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 filing1 verified

secured creditorsnote: This entry records the post-filing Receiver's Borrowings funded by the Applicant, not BDC's pre-filing secured debt, which the pages do not state. $655,000 is the amount requested and received to date; the authorized maximum is $750,000 (originally $500,000). The Applicant supports the proposed increase. · page: 15 · as of: date of the Fourth Report (September 22, 2026) · amount: 655000 · debtor: J2ASM Inc. · creditor: Business Development Bank of Canada · currency: CAD · security: Applicant/lender; advanced the Receiver's Borrowings, secured by the Receiver's Borrowings Charge over the Property (priority over all other security interests, subordinate only to the Receiver's Charge and BIA ss. 14.06(7), 81.4(4), 81.6(2) charges); authorized maximum $750,000, proposed increase to $1,050,000