Examples of CCAA Recognition Proceedings in a sentence
On August 24, 2020, RGN-National, in its capacity as foreign representative of the Debtors, commenced the CCAA Recognition Proceedings before the Ontario Superior Court of Justice (Commercial List) (the “CCAA Court”).
In addition to the CCAA Recognition Proceedings, on August 31, 2020, certain Canadian affiliates of the Debtors (the “CCAA Debtors”) with leases guaranteed by the Guarantor Debtors commenced separate proceedings (the “CCAA Proceedings”) under the CCAA before the CCAA Court to stay potential termination events related to the commencement of the Chapter 11 Cases under their Center Leases.
Pursuant to paragraph 12 (b) of the Supplemental Order, the Information Officer is required to report to this Court at least once every three months with respect to the status of these proceedings and the status of the Foreign Proceedings, which reports may include information relating to the Property, the Business, or such other matters that may be relevant to the CCAA Recognition Proceedings.
Except as set forth on Schedule 4.11, each Material Contract is not in default due to the action or inaction of the applicable Loan Party or any of its Subsidiaries other than as a result of the commencement of the Chapter 11 Cases or CCAA Recognition Proceedings.
As part of its application, the Chapter 11 Debtors are seeking to appoint KSV as the information officer (the “ Information Officer”) in the CCAA Recognition Proceedings.
I believe the First Day Orders and recognition of them in Canada are appropriate and necessary for the protection of the Chapter 11 Debtors’ property and efficient administration of the Chapter 11 Cases and the CCAA Recognition Proceedings.
The notice of the CCAA Recognition Proceedings provided contact information for the Information Officer and Canadian counsel to the Foreign Representative in any parties wanted to be added to the Service List.
Conflicts are tackled from the outside because they are considered a conflict in the eyes of another actor.
Since December 31, 2012, except for the filing of the Chapter 11 Cases and the CCAA Recognition Proceedings, and, in each case, the imposition of automatic stay therewith, no event, circumstance, or change has occurred that has or could reasonably be expected to result in a Material Adverse Change.
The Chapter 11 Debtors have entered into a series of Extension Agreements with the DIP ABL Lenders extending the milestone under the DIP ABL Credit Agreement by which the Foreign Representative is required to obtain recognition of the Interim DIP Order (as those terms are defined below) in the CCAA Recognition Proceedings.