Ontario · CCAA
Motion Record - Applicants-19-OCT 2026
Application / notice of application · 19 October 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 filing5 verified
- secured creditorsnote: Listed on the service list as 'Secured Creditor'; no amount or security details stated on these pages. · page: 5 · creditor: His Majesty in Right of Ontario, represented by the Minister of Finance · currency: CAD
- secured creditorsnote: Court-ordered priority charge securing the post-filing D&O indemnity; only applies to the extent D&O insurance is unavailable or insufficient. · page: 52 · debtor: XTM Inc. and Everyday People Payments Inc. · creditor: Directors and officers of the Applicants (Directors' Charge) · currency: CAD · security: Directors' Charge on the Property, third-ranking, maximum aggregate $100,000 (a cap on the charge, not an outstanding balance).
- secured creditorsnote: Court-ordered priority charge securing professional fees and disbursements. · page: 57 · debtor: XTM Inc. and Everyday People Payments Inc. · creditor: Administration Charge beneficiaries (Monitor, Monitor's counsel, Applicants' counsel, CRO) · currency: CAD · security: Administration Charge on the Property, first-ranking, maximum aggregate $750,000 (a cap on the charge, not an outstanding balance).
- secured creditorsnote: Court-ordered priority charge; no drawn balance stated on these pages. DIP Lender is also the purchaser under the APA. · page: 58 · debtor: XTM Inc. and Everyday People Payments Inc. (joint and several borrowers) · creditor: Pateno Payments Inc. (DIP Lender) · currency: CAD · security: DIP Lender's Charge on the Property, ranking second behind the Administration Charge. Borrowings authorized not to exceed $8,000,000 plus post-filing Chargebacks received by the DIP Lender, plus interest, fees and expenses (authorized borrowing limit, not an outstanding balance).
- unsecured creditors