Examples of Claims Procedure Orders in a sentence
As noted in Prior Reports, in connection with the Claims Procedure Orders, the Monitor has received nearly 3,000 Proofs of Claim and D&O Proofs of Claim.
Nothing in this Plan extends or shall be interpreted as extending or amending any deadline or claims bar date provided for under either Claims Procedure Order, or gives or shall be interpreted as giving any rights to any Person in respect of Claims that have been barred or extinguished pursuant to the Claims Procedure Orders.
To the extent that disputes in respect of Claims and D&O Claims were not able to be resolved consensually and expeditiously, the Monitor has referred those claims to The Honourable James Farley (the “ Claims Officer”), one of the two claims officers appointed pursuant to the Claims Procedure Orders, for adjudication.
For the avoidance of doubt, the Claims Procedure Orders will remain in full force and effect from and after the Plan Implementation Date.
Pursuant to the Claims Procedure Orders, the Monitor is required to file this Report no later than November 10, 2016.
Likewise, downstream purchasers had not paid Debtor for any oil and gas purchased from Debtor in December 2017.G. Producer Claims Procedure Orders Agent, Producers, and Intervenors each allege that they have a properly perfected, first priority security interest in Debtor’s oil and gas production, deposit accounts, and resulting proceeds, including accounts receivable.
Pursuant to the Claims Procedure Orders, the Monitor is to perform a review of, and to report on, the transactions giving rise to the claims as at the date of the Initial Order between a) the Cumberland Entities and the Non-Cumberland Entities and b) the claims between the various Non-Cumberland Entities (“Inter-CCAA Entity Claims”).
To the extent that disputes in respect of Claims and D&O Claims could not be resolved consensually and expeditiously, the Monitor has referred those claims to the Honourable James Farley (the “ Claims Officer”), one of the two claims officers appointed pursuant to the Claims Procedure Orders, for adjudication.
Distributions to General Unsecured Creditors with Proven Claims will be paid in Canadian dollars and any such Claims that are denominated in a currency other than the lawful money of Canada will be converted to the equivalent thereof in the lawful money of Canada at the noon rate of exchange as quoted by the Bank of Canada on the Filing Date, in accordance with the Claims Procedure Orders.
The Monitor, with the assistance of the Sears Canada Entities and counsel, has begun, but not completed, a summary review of proofs of claims filed pursuant to the Claims Procedure Orders.