Examples of Wabush CCAA Parties in a sentence
The cash flow statements filed with the Court show that the Wabush CCAA Parties need the funds from the Interim Financing to meet their current obligations other than the special payments.
Wabush MinesArnaud Railway CompanyWabush Lake Railway Company Limited(The Bloom Lake CCAA Parties and Wabush CCAA Parties collectively form the “CCAA Parties”) Please read the enclosed Instruction Letter carefully prior to completing the attached D&O Proof of Claim.
The Interim Lender Term Sheet expressly requires the Wabush CCAA Parties not to make any special payments.
In the event that a Third Party acquires personal information as part of the Restructuring or the preparation or implementation of the Plan or a transaction, such Third Party may continue to use the personal information in a manner which is in all respects identical to the prior use thereof by the Wabush CCAA Parties.
The Wabush CCAA Parties and the beneficiaries of the CCAA Charges shall be entitled to seek priority for the CCAA Charges ahead of the Encumbrances in favour of parties other than Cliffs Mining Company affecting the Property of the Wabush CCAA Parties on notice to those parties likely to be affected by such priority (it being the intention of the Wabush CCAA Parties to seek priority for the CCAA Charges ahead of all Encumbrances at the Comeback Hearing (as defined below)).
In the case of information that the Monitor has been advised by the Wabush CCAA Parties is confidential, proprietary or competitive, the Monitor shall not provide such information to any Person without the consent of the Wabush CCAA Parties unless otherwise directed by this Court.
The Bloom Lake CCAA Parties and the Wabush CCAA Parties will be referred to collectively herein as the “CCAA Parties”.
All ordinary course Intercompany Transactions among the Wabush CCAA Parties or their affiliates shall continue on terms consistent with existing arrangements or past practice, subject to such changes thereto, or to such governing principles, policies or procedures as the Monitor may require, or subject to further Order of this Court.
However, OSFI argues that these CCAA proceedings are really a liquidation, because it is very likely that the ongoing sale process will result in the sale of all of the assets of the Wabush CCAA Parties.
As a result, many of the cases cited to the Court, which deal with the effectiveness of deemed trusts in favour of the Crown, must be applied with caution in the present circumstances.[72] In particular, the Wabush CCAA Parties rely on language in the Supreme Court’s judgment in Century Services11 that must be read carefully.