Ontario · CCAA
Motion Record of the Applicants re: Plan Sanction returnable April 12, 2024 dated April 5, 2024.pdf
Application / notice of application · 12 April 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: All proceeds derived from the Realization Efforts, net of reasonable fees and disbursements of counsel to the Applicants, the Monitor, counsel to the Monitor and the advisors of the Syndicated Lenders shall be applied firstly towards payment of the Unaffected Secured Syndicate Claim in full before any distribution to Affected Unsecured Creditors under the Plan. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Unaffected Secured Syndicate Claim · creditor name: Syndicated Lenders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Notwithstanding anything contained in the Plan, the Monitor, on behalf of the Applicants, shall not be required to make any distribution hereunder to any Affected Creditor with a Proven Claim whose calculated pro rata share of the amount available for distribution would result in a distribution of less than $25 from any distribution and such Affected Creditor shall not be entitled to receive a distribution, provided that the amount of the distribution that would otherwise be paid to such Affected Creditor will be recorded by the Monitor to the credit of the Affected Creditor and the Monitor will hold back such amount from the amount otherwise being distributed. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Affected Creditor with a Proven Claim (de minimis pro rata share under $25) · interim final: unstated · conditional on: pro rata share of the amount available for distribution would result in a distribution of less than $25 · claims qualifier: unstated · table missing: