Ontario · Receivership (court-appointed)
Second Report of the Receiver dated September 29, 2017
Court officer report · 29 September 2017
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
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 413.13 · quote: The average hourly rate for KSV and CBB for the referenced billing periods was $413.13 and $605.36, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. · context quote: This report ('Report') is filed by KSV Kofman Inc. ('KSV') in its capacity as receiver and receiver and manager (the 'Receiver') of the properties, assets and undertakings of DragonWave Inc.; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 605.36 · quote: The average hourly rate for KSV and CBB for the referenced billing periods was $413.13 and $605.36, respectively. · scope: CBB · currency: · invoices: · firm text: Cassels Brock & Blackwell LLP · firm quote: discuss the fees and disbursements of the Receiver and its counsel, Cassels Brock & Blackwell LLP ('CBB'), and seek approval of same · capacity text: its counsel · context unverified: true
- recovery outcomeentries: basis: estimated · quote: the Senior Lenders have consented to the Recommended Transaction notwithstanding that they are projected to incur a substantial shortfall on amounts owing to them by the Company; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Senior Lenders · creditor name: Comerica Bank and Export Development Canada · interim final: unstated · claims qualifier: unstated · table missing: