Examples of Wabush CCAA Parties in a sentence
The Bloom Lake CCAA Parties and the Wabush CCAA Parties will be referred to collectively herein as the “CCAA Parties”.
The SISP was subsequently amended and restated to reflect the inclusion of the Wabush CCAA Parties in the CCAA Proceedings and was approved nunc pro tunc as it relates to the Wabush CCAA Parties pursuant to an Order granted June 9, 2015 (together with the April 17, 2015 Order, the “SISP Order”).
Pursuant to the Wabush Initial Order, inter alia, the Monitor was appointed as the monitor to the businesses and financial affairs of the Wabush CCAA Parties and a stay of proceedings was granted until June 19, 2015 (the “Wabush Stay Period”; collectively with the Bloom Lake Stay Period, the “Stay Period”).
Please note that all claims denominated in a foreign currency will be converted into Canadian Dollars at the noon spot rate of the Bank of Canada as at the applicable Determination Date (i.e. January 27, 2015 for claims against the Bloom Lake CCAA Parties, and May 20, 2015 for claims against the Wabush CCAA Parties).
Distributions will be made to Affected Unsecured Creditors of the Wabush CCAA Parties with Proven Affected Unsecured Claims, and payments will made to Secured Creditors with Proven Secured Claims against the Wabush CCAA Parties, as soon as reasonably practicable following Final Determination of the issues relating to the Pension Claims that are the subject matter of the Pension Priority Proceeding.
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.
The Interim Lender Term Sheet expressly requires the Wabush CCAA Parties not to make any 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 Wabush CCAA Parties’ senior personnel and Boards of Directors remain in place to manage the business and affairs of the Wabush CCAA Parties.
The CCAA Initial Order includes, among other things, a stay of all proceedings that had been previously brought or could be brought against the Wabush CCAA Parties.