Alberta · Receivership (court-appointed)
Sale Approval and Vesting Order re First Avenue - Reid Developer Lots (May 16, 2018)
Approval and vesting order · 16 May 2018
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
- closing termsVesting is effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
- order date16 May 2018
- presiding officerJustice R. A. Graesser
- purchaserFirst Avenue Properties Ltd.
- sale outcometext: The Court approved the Receiver's Sale Agreement for the First Avenue Properties transaction (Reid/Developer Lots) and vesting of the Purchased Assets in the Purchaser upon delivery of the Receiver's Certificate. · scope: parcel · status: approved