On August 13, 2020, Fasken acted for the seller of certain golf and turf equipment subject to leases where by the seller sold its right, title and interest in the equipment, the related leases and related collateral security interest underlying the equipment to CWB National Leasing Inc.
The APA included a covenant whereby an affiliate of the seller agreed to repurchase from the purchaser each piece of equipment sold that was returned to the purchaser upon the expiry of the related lease for a purchase price equal to the residual value of such equipment on the expiry of the applicable lease.
Fasken advised the seller with a team led by Gordon Raman which included Nicole Park and Paul Casuccio.
The APA included a covenant whereby an affiliate of the seller agreed to repurchase from the purchaser each piece of equipment sold that was returned to the purchaser upon the expiry of the related lease for a purchase price equal to the residual value of such equipment on the expiry of the applicable lease.
Fasken advised the seller with a team led by Gordon Raman which included Nicole Park and Paul Casuccio.
Jurisdiction
- Ontario
