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2020-07-24_GENERAL DOCUMENTS - C1980004
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2020-07-24_GENERAL DOCUMENTS - C1980004
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Last modified
1/8/2025 6:21:48 AM
Creation date
7/27/2020 10:36:57 AM
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Template:
DRMS Permit Index
Permit No
C1980004
IBM Index Class Name
General Documents
Doc Date
7/24/2020
Doc Name Note
Case No. 20-12043 (GRH) Hopedale Mining LLC
Doc Name
Notice of Agenda For Expedited Virtual Hearing on the First Day Motions Scheduled for July 24, 2020
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
JRS
JDM
GRM
CMM
CCW
Media Type
D
Archive
No
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Case 1:20-bk-12043 Doc 3 Filed 07/22/20 Entered 07/22/20 17:38:25 Desc Main <br /> Document Page 27 of 42 <br /> under existing agreements with the Debtors on a go-forward basis. Accordingly, it is critical to <br /> the Debtors' operations that they maintain their relationships with these essential Service <br /> Providers. <br /> 63. The services, labor, materials, and equipment provided by the Lien Claimants <br /> are central to the Debtors' daily operations. The Debtors' businesses are dependent on the <br /> timely delivery of services and equipment to and from the areas in which they operate. Any <br /> disruption to the Debtors' ability to timely procure equipment, repairs, or materials would <br /> significantly impair the Debtors' businesses and compromise the value of the Debtors' estates to <br /> the detriment of all parties in interest. <br /> 64. Absent payment of the outstanding pre-petition Lien Claims, I understand that <br /> Lien Claimants may refuse or attempt to refuse to provide goods or service for or honor <br /> obligations under existing agreements with the Debtors on a go-forward basis. I also understand <br /> that the Lien Claimants may be able to assert trade or mechanics' liens over the Debtors' <br /> leaseholds, as well as essential parts, machinery, and other equipment. As a result, I believe it is <br /> critical to the continuity of the Debtors' operations that they maintain their relationships with <br /> the Lien Claimants. <br /> 65. I believe the relief requested in this motion is in the best interest of the <br /> Debtors' estates, their creditors and all other parties in interest. Accordingly, the Debtors seek <br /> authorization to pay, in their discretion and subject to and in compliance with any DIP Order, the <br /> Lien Claims in the amount of up to $550,000 on an interim basis and an additional amount of up <br /> to $50,000 on a final basis. <br /> 27 <br />
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