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2016-04-25_GENERAL DOCUMENTS - C1982057 (13)
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2016-04-25_GENERAL DOCUMENTS - C1982057 (13)
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Last modified
8/24/2016 6:21:06 PM
Creation date
4/26/2016 1:22:38 PM
Metadata
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Template:
DRMS Permit Index
Permit No
C1982057
IBM Index Class Name
General Documents
Doc Date
4/25/2016
Doc Name
Interim Order Authorizing Debtors to Obtain Post-Petition Financing Pursuant to 11
From
United State Bankruptcy
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
MPB
JRS
JHB
Media Type
D
Archive
No
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Case 16-42529 Doc 108 Filed 04/14/16 Entered 04/14/16 17:28:56 Main Document <br />Pg 35 of 70 <br />(iv) other than with respect to the matters described in paragraph 4(1), <br />the Debtors or any of their respective direct or indirect affiliates or subsidiaries commences any <br />action, including the filing of any pleading, against any of the Pre -Petition Secured Parties with <br />respect to the Stipulated Debt or the Stipulated Security Interests. <br />(b) Upon the occurrence of a Cash Collateral Termination Event, the Pre - <br />Petition Agent may (or at the direction of the Required Pre -Petition Lenders, will) upon five <br />business days' written notice to the Debtors, commence a proceeding in the Court to determine <br />the Debtors' right to any further use of the Cash Collateral, and the Debtors' authorization to use <br />the Cash Collateral shall be deemed automatically terminated on the fifth business day following <br />commencement of such proceeding unless the Court orders otherwise by such time, and no <br />further consent to the use of Cash Collateral shall be implied by any other action, inaction or <br />acquiescence by any of the First Lien Secured Parties. <br />13. Adequate Protection of First Lien Secured Parties. The First Lien Secured <br />Parties are entitled, pursuant to sections 361, 362, 363(e) and 364(d)(1) and 507 of the <br />Bankruptcy Code, to adequate protection of their respective interests in the Pre -Petition <br />Collateral, including the Cash Collateral, for and equal in amount to the aggregate diminution <br />in the value of their respective interests in the Pre -Petition Collateral (including Cash <br />Collateral) as provided in the Bankruptcy Code, the priming of the Pre -Petition Agent's <br />security interests and liens in the Pre -Petition Collateral by the DIP Agent and the DIP Lenders <br />pursuant to the DIP Documents and this Interim Order and the imposition of the automatic stay <br />pursuant to section 362 of the Bankruptcy Code (the "Senior Lender Adequate Protection <br />Claim"). As adequate protection, the First Lien Secured Parties are hereby granted the <br />following (collectively, the "Senior Lender Adequate Protection Obligations"): <br />35 <br />
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