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2016-04-25_GENERAL DOCUMENTS - C200987
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2016-04-25_GENERAL DOCUMENTS - C200987
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Entry Properties
Last modified
8/24/2016 6:21:09 PM
Creation date
4/26/2016 1:22:49 PM
Metadata
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Template:
DRMS Permit Index
Permit No
C2009087
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
JLE
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 43 of 70 <br />"Noteholder 507(b) Adequate Protection Claim" and, together with the Senior Lender <br />507(b) Adequate Protection Claim, the "507(b) Claims"). <br />15. Reservation of Rights of Pre -Petition Secured Parties. Under the circumstances <br />and given that the above-described adequate protection is consistent with the Bankruptcy Code, <br />including, without limitation, section 506(b) thereof, the Court finds that the adequate <br />protection provided herein, including, without limitation, in the form of the Adequate <br />Protection Obligations and Adequate Protection Liens is reasonable and sufficient to protect <br />the interests of the Pre -Petition Secured Parties; provided that any of the Pre -Petition Secured <br />Parties may request further or different adequate protection, and the Debtors or any other party <br />may, consistent with the terms of the ICA (the terms of which, for the avoidance of any doubt, <br />shall not be affected or modified in any way by this Interim Order) or any other Existing <br />Secured Agreement, contest any such request; provided further that any such additional or <br />modified adequate protection shall at all times be subordinate and junior to the DIP Liens and <br />DIP Superpriority Claims and, with respect to any additional or modified adequate protection <br />for the Second Lien Notes Trustee or the Second Lien Noteholders, such adequate protection <br />shall at all times be subordinate and junior to the Senior Lender Adequate Protection Liens, the <br />Senior Lender Adequate Protection Obligations, and any claims of the First Lien Secured <br />Parties arising from the Existing Credit Documents. Except as expressly provided herein, <br />nothing contained in this Interim Order (including, without limitation, the authorization of the <br />use of any Cash Collateral) shall impair or modify any rights, claims or defenses available in <br />law or equity to any Pre -Petition Secured Party, the DIP Agent or any DIP Lender, including, <br />without limitation, rights of a party to a swap agreement, securities contract, commodity <br />contract, forward contract or repurchase agreement with a Debtor to assert rights of setoff or <br />43 <br />
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