Alberta · CCAA

Red Line Draft Order - Sale Approval and Vesting Order (Whitecourt)

Approval and vesting order · 25 June 2026

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 filing3 verified

order date25 June 2026
purchaserLac Ste. Anne Foundation
closing termsVesting of Purchased Assets is subject first to Monitor's confirmation of ALA Approval for assignment of necessary agreements and the applicable Continuing Care Act licence for DSL units, and thereafter upon delivery of a Monitor's Certificate to the Purchaser substantially in the form of Schedule 'B' (Monitor's Closing Certificate)