Trustee’s Nineteenth Report
On September 15, 2020, the Trustee served materials in connection with its motion returnable September 22, 2020, in support of the Trustee’s request for an order (“Orchard Approval Order”) that, among other things:
Confirms and approves the Trustee and Olympia Trust Company discharging the Orchard Mortgages registered on title to the Property in respect of the Orchard Loans in connection with the Orchard Sale Transaction upon receipt of the BDMC Discharge Payment; and
Authorizes the Trustee to make a pari-passu distribution of the Realized Property to be received from the Orchard Sale Transaction, net of the Administrative Holdback, to the Orchard Individual Lenders.
Copies of the materials filed on September 15, 2020, including the Trustee’s Nineteenth Report, are available below.
