Court File and Parties
COURT FILE NO.: CV-18-590053 DATE: 2018/09/04 ONTARIO SUPERIOR COURT OF JUSTICE
BETWEEN: Trez Capital Limited Partnership, Trez Capital (2011) Corporation, and Computershare Trust Company of Canada, Plaintiffs – and – Ontario International College Inc./ College International de l’Ontario Inc., Defendant
Counsel: Dominique Michaud for the Plaintiffs Jennifer Tam for the Defendant
Heard: In writing.
Before: Perell, J.
Reasons for Decision - Addendum
1This is an addendum to my Reasons for Decision released on August 23, 2018. See Trez Capital Limited Partnership v. Ontario International College Inc., 2018 ONSC 4978.
2In those Reasons for Decision, I granted the Plaintiff a summary judgment in respect of a guarantee signed by the Defendant in respect of a mortgage given by 2481043 Ontario Inc.
3In paragraphs 33 and 49 of the Reasons, I misstated the amount owning on the mortgage as of August 16, 2018. The correct amount owing on the mortgage as of August 16, 2018 is $2,841,580.55. The judgment should be drafted accordingly.
4In my Reasons for Decision, I did not expressly address the matter of the post-judgment interest rate.
5For clarity, I now indicate that post-judgment interest should accrue at the interest rate set out in the mortgage. The judgment should be drafted accordingly.
6The Defendant agrees that as of August 16, 2018 the correct amount of the mortgage debt is $2,841,580.55 and takes no position with respect to the post-judgment interest rate.
Perell, J.
Released: September 4, 2018