Examples of CCAA Proceeding in a sentence
In a related proceeding (the "CCAA Proceeding"), on application made by NSFC, NSFII, New Solutions Financial (III) Corporation, New Solutions Financial (VI) Corporation and 2055596 Ontario Limited (the "Companies"), the Ontario Superior Court of Justice issued an order on April 11, 2012 granting protection to the Companies under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c.
In addition to all of the protections granted to the Monitor under the CCAA or any Order of the Court in this CCAA Proceeding, Clearbeach and the Purchaser acknowledge and agree that the Monitor, acting in its capacity as Monitor of Clearbeach and not in its personal capacity, will have no Liability, in its personal capacity or otherwise, in connection with this Agreement or the Transaction contemplated herein whatsoever as Monitor.
The CCAA Order has been extended from time to time and the CCAA Proceeding is ongoing.
Notwithstanding the foregoing, multiple extensions can be obtained so long as each extension is obtained not less than 90 days prior to the expiration of each extended term; and provided, further, that neither this Agreement nor the continued existence of the Litigation Trust shall prevent SFC from terminating the CCAA Proceeding.
The Settling Parties hereby attorn to the jurisdiction of the Court of Queen’s Bench in the Province of Alberta, in the CCAA Proceeding, in respect of any dispute arising from this Settlement Agreement except with respect to disputes concerning solely the U.S. Class Members, in which case the Settling Parties hereby attorn to the jurisdiction of the United States District Court for the Southern District of New York.