Quebec · CCAA
Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor Systems USA LLC's Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023
Order (other) · 31 March 2023
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 filing6 verified
- closing termsVesting occurs upon issuance of the Monitor's Certificate confirming execution of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.
- order date31 March 2023
- purchaserEnergyLink U.S. Inc.
- sale advisorNBF
- sale outcometext: The Transaction approving the sale of the Purchased Assets to EnergyLink U.S. Inc. is approved and recognized/enforced. · scope: parcel · status: approved
- sealed itemsAsset Purchase Agreement / Exhibit P-9A