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2020-08-28_GENERAL DOCUMENTS - C1980004 (4)
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2020-08-28_GENERAL DOCUMENTS - C1980004 (4)
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Last modified
12/28/2024 4:36:36 AM
Creation date
9/16/2020 8:41:20 AM
Metadata
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Template:
DRMS Permit Index
Permit No
C1980004
IBM Index Class Name
General Documents
Doc Date
8/28/2020
Doc Name Note
Case No. 20-12043 (GRH) Hopedale Mining LLC
Doc Name
Bankruptcy Notice
From
DRMS Website
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 303-1 Filed 08/28/20 Entered 08/28/20 11:03:45 Desc <br /> Exhibit 1 A-1 and A-2 Page 4 of 38 <br /> 14. Section 7(b) of the Master Lease provides: <br /> Within a reasonable time, Lessee will replace any parts of the Equipment <br /> which become worn out, lost, destroyed, damaged beyond repair or otherwise unfit <br /> for use, by new or reconditioned replacement parts which are free and clear of all <br /> Liens and have a value, utility and remaining useful life at least equal to the parts <br /> replaced(assuming that they were in the condition required by this Lease). <br /> 15. Wintrust's July 28, 2020 site inspection of the Wintrust Equipment revealed the <br /> following existing maintenance deficiencies: <br /> Maintenance Deficiencx Estimated Cost <br /> 2012 CAT 777G: #RDR00114 <br /> • Transmission and Torque $ 55,000 <br /> • Tire $ 10,000 <br /> • Brakes (front) $ 25,000 <br /> 2012 CAT 777G: #RDR00115 <br /> • Transmission and Torque $ 55,000 <br /> 2012 CAT 777G: #RDR00138 <br /> • Exhaust Coolers $ 10,000 <br /> • Tire $ 10,000 <br /> • Bed Liner $ 80,000 <br /> 2012 CAT 777G: #RDR00139 <br /> • Engine $ 110,000 <br /> • Torque $ 20,000 <br /> • Brakes (front &rear) $ 94,000 <br /> 2006 CAT D-11R DOZER: # 7PZ01485 <br /> • Undercarriage In excess of$100,000 <br /> 16. In addition, the 2012 CAT 777G: # RDR00114 will require an engine rebuild and <br /> front and rear brakes in the near term at an estimated cost of$204,000. <br /> 4 <br />
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