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Case 1:20-bk-12043 Doc 307 Filed 08/28/20 Entered 08/28/20 16:03:37 Desc Main <br />Document Page 3 of 10 <br />the Sale of Substantially All Assets, (B) Authorizing the Entry into a Stalking Horse Agreement <br />and the Provision of Stalking Horse Protections, (C) Scheduling an Auction and Sale Hearing and <br />Approving the Form and Manner of Notice Thereof, (D) Approving the Procedures for the <br />Assumption and Assignment of Executory Contracts and Unexpired Leases, and (E) Granting <br />Related Relief [ECF No. 232 ("Bid Procedures Order")]. <br />Caterpillar's Secured Claims Against Rhino Enemy, LLC <br />5. Caterpillar holds two secured claims against Debtor Rhino Energy LLC ("Rhino <br />Energ ") totaling approximately $574,000 and $234,000, respectively, as of July 22, 2020, plus <br />accruing interest, attorneys' fees and expenses, and other charges due under the underlying loan <br />documents. The larger of the two claims arises out of a Promissory Note and Security Agreement <br />dated October 29, 2019, which evidences Rhino Energy's obligation to repay funds that Caterpillar <br />loaned to Rhino Energy to enable Rhino Energy to purchase and acquire rights in and use of the <br />following equipment: <br />Make <br />Year <br />Model <br />Description <br />Serial Number <br />Caterpillar <br />2012 <br />988H <br />Large Wheel Loader <br />BXY04849 <br />Caterpillar <br />2009 <br />D9T <br />Large Track Type Tractor <br />RJS01329 <br />Caterpillar <br />2012 <br />980K <br />Medium Wheel Loader <br />W7K00570 <br />Caterpillar <br />2011 <br />16M <br />Motor Grader <br />R9H00239 <br />Caterpillar <br />2012 <br />16M <br />Motor Grader <br />R9H00393 <br />Caterpillar <br />1998 <br />988F <br />Large Wheel Loader <br />2ZR01342 <br />Caterpillar <br />1998 <br />769D <br />Water Truck <br />5TR00558 <br />Caterpillar <br />2012 <br />14M <br />Motor Grader <br />ER9J00413 <br />Caterpillar <br />2002 <br />980G <br />Medium Wheel Loader <br />AWH00685 <br />Hereinafter, these assets are referred to as the "Caterpillar Collateral." <br />6. Caterpillar perfected its purchase -money security interest in the Caterpillar <br />Collateral by filing a financing statement with the Delaware Secretary of State on October 29, <br />2019, within 20 days of Rhino Energy's receipt of the Caterpillar Collateral. Therefore, <br />3 <br />