2016-04-25_GENERAL DOCUMENTS - C1982056 (19)

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Case 16-42529 Doc 149 Filed 04/15/16 Entered 04/15/16 16:16:59 Main Document Pg8of71 Final Hearing Pursuant to Bankruptcy Rules 4001(b) and (c) [Docket No. 108]. Any objections to the Motion with respect to the entry of this Interim Order that have not been withdrawn, waived or settled (as set forth herein), and all reservations of rights included therein, are hereby denied and overruled on the merits. 2. Jurisdiction. This Court has core jurisdiction over the Cases, this Motion, and the parties and property affected hereby pursuant to 28 U.S.C. §§ 157(b) and 1334. Venue is proper before this Court pursuant to 28 U.S.C. §§ 1408 and 1409. 3. Notice. Proper, timely, adequate and sufficient notice of the Motion has been provided in accordance with the Bankruptcy Code, the Bankruptcy Rules and the Local Rules, and no other or further notice of the Motion or the entry of this Interim Order shall be required. The interim relief granted herein is necessary to avoid immediate and irreparable harm to the Debtors and their estates pending the Final Hearing. 4. Debtors' Stipulations. Without prejudice to the rights of any other party and subject in all respects to the limitations thereon contained in paragraphs 4(1), 19 and 20 below, the Debtors admit, stipulate and agree that: (a) as of the filing of the Debtors' chapter 11 petitions (the "Petition Date"), the Debtors were indebted and liable to the First Lien Secured Parties and the Second Lien Secured Parties, without defense, counterclaim or offset of any kind, as follows: (i) the Borrower is indebted to the First Lien Secured Parties, as applicable, in the aggregate principal amount of approximately $2,117,000,000 in respect of loans made and in the aggregate principal amount of approximately $675,000,000 in respect of issued letters of credit (the "Existing R/C Letters of Credit") and amounts owed in respect of any other Secured Obligations (as