Ontario · Receivership (court-appointed)

Application Record of Royal Bank of Canada dated December 3, 2021

Application / notice of application · 3 December 2021

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A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

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courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
court file noCV-21-00673084-00CL
secured creditorsnote: Stated as approximately $4.7 million for principal and interest, exclusive of legal fees, disbursements and accruing interest, per RBC Demand Letter and BIA s.244(1) Notice; RBC is the Debtor's only registered secured creditor under the PPSA · page: 8 · as of: 2021-09-22 · amount: 4700000 · debtor: Peace Bridge Duty Free Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General Security Agreement (GSA), PPSA registration (Ontario); credit facilities under Credit Agreement dated July 20, 2018, as amended