Ontario · Receivership (court-appointed)
Application Record - December 18, 2018 (Part 1)
Application / notice of application · 18 December 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 filing2 verified
- secured creditorsnote: Demand made December 5, 2018 for indebtedness of $230,642,104.52 plus accruing interest, costs, charges and expenses; approximate figure of $230,642,104.52 also stated in prose (para 7, p.10) · page: 10 · as of: 2018-12-05 · amount: 230642104.52 · debtor: 2442931 Ontario Inc. (Project Co) · creditor: Bank of Montreal, as Administrative Agent, on behalf of the Lenders · currency: CAD · security: General Security Agreement over all present and after-acquired property, assets and undertakings of Project Co; Total Commitment under Credit Facility up to aggregate amount of $230,563,776 (facility limit, not balance)
- secured creditorsnote: Related party - parent/contractor of Project Co; guarantees payment of Project Co's obligations under Credit Agreement; no balance stated for this security interest itself · page: 13 · debtor: 2442931 Ontario Inc. (Project Co) · creditor: Bondfield Construction Company Limited (Contractor) · currency: CAD · security: Limited Recourse Guarantee and Security Agreement granting security interest in all of its equity interests in Project Co