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2016-04-25_GENERAL DOCUMENTS - C1994082 (19)
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2016-04-25_GENERAL DOCUMENTS - C1994082 (19)
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Entry Properties
Last modified
8/24/2016 6:21:08 PM
Creation date
4/26/2016 2:26:22 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1994082
IBM Index Class Name
General Documents
Doc Date
4/25/2016
Doc Name
Amended 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 149 Filed 04/15/16 Entered 04/15/16 16:16:59 Main Document <br />Pg 44 of 71 <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 />other rights with respect thereto as permitted by law (or the right of a Debtor to contest such <br />assertion). The Adequate Protection Liens and Adequate Protection Obligations (including, <br />without limitation, the Adequate Protection Milestones) described herein may be amended, <br />modified or terminated (or, in the case of the Adequate Protection Milestones, amended, <br />modified or extended) only, and shall be binding on the First Lien Secured Parties only, by <br />order of the Court or the prior written consent of the Pre -Petition Credit Agreement Lenders <br />holding more than 50% of the outstanding principal amount of the Pre -Petition First Lien Debt <br />(the "Required Pre -Petition Lenders"), and no such consent shall be implied by any other <br />action, inaction or acquiescence by any of the Pre -Petition Agent or the Pre -Petition Lenders; <br />provided that nothing contained in this Interim Order shall be read to impact the rights of any <br />party, including the Specified Lenders (as defined in the DIP Credit Agreement), to object to <br />44 <br />
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