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Case 1:20-bk-12043 Doc 303 Filed 08/28/20 Entered 08/28/20 11:03:45 Desc Main <br />Document Page 3 of 13 <br />(Hallauer Decl. at ¶ 5). <br />4. On July 22, 2020 (the "Petition Date"), the Debtors filed voluntary petitions for <br />relief under chapter 11 of title 11 of the United States Code (the `Bankruptcy Code") in this Court. <br />Pursuant to sections 1107(a) and 1108 of the Bankruptcy Code, the Debtors are operating their <br />businesses and managing their affairs as debtors -in -possession. <br />5. Though the Debtors have continued to use the Wintrust Equipment since the <br />Petition Date, Wintrust has not received a rent payment under the Lease Agreement since July 1, <br />2020. (Id. at ¶¶ 10, 12). <br />6. As of the date of this Objection, Rhino Energy LLC owed Wintrust the following <br />amounts under the Lease Agreement: <br />August Rent Payment $100,142.78 <br />Late Charge $ 5,007.14 <br />Legal fees and expenses (including estimate <br />through assumption) $ 26,675.50 <br />Total Monetary Cure Amount $ 131,825.42 <br />(Id. at ¶ 10). <br />7. Based on its discussions with Rhino Energy LLC, Wintrust does not anticipate that <br />Rhino Energy LLC will timely pay the September 1, 2020 rent payment due under the Lease <br />Agreement. (Id. at ¶ 11). <br />8. During an onsite inspection of the Wintrust Equipment on July 28, 2020, Wintrust <br />determined that significant maintenance deficiencies exist with respect to the equipment <br />(collectively, the "Maintenance Deficiencies") that constitute defaults under the Lease Agreement. <br />(Id. at ¶¶ 12, 15). The estimated cost to remedy the Maintenance Deficiencies is in excess of <br />3 <br />