Ontario · CCAA
Motion Record, returnable August 28, 2025
Application / notice of application · 28 August 2025
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What we verified from this filing5 verified
- counselKoskie Minsky LLP
- counselLawson Lundell LLP
- counselLawson Lundell LLP
- counselHafif-Stonehouse Law Group
- recovery outcomeentries: basis: unstated · quote: THIS COURT ORDERS that the Monitor is authorized and directed, for and on behalf of the Pride Entities, without personal or corporate liability whatsoever to any Person, and without further Order of this Court, to make an interim distribution of seventy-five percent (75%) of the proceeds of the Settlement Agreement (net of professional fees and other direct costs determined by the CRO and the Monitor) to the DIP Agent as a permanent paydown and indefeasible repayment of the indebtedness and obligations secured by the DIP Lenders' Charge (the ' Interim Distribution '), subject to any future Court-ordered marshaling or allocation, and to hold the balance of the net proceeds following the Interim Distribution in trust pending further Order of the Court. · pct of: unstated · outcome: distribution · pct low: 75 · pct high: 75 · class key: secured · stated by: court · cumulative: false · class label: DIP Agent · creditor name: DIP Agent · interim final: interim · claims qualifier: unstated · table missing: