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2021-03-09_GENERAL DOCUMENTS - C1980004 (7)
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2021-03-09_GENERAL DOCUMENTS - C1980004 (7)
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Last modified
3/16/2021 1:35:25 PM
Creation date
3/16/2021 12:56:39 PM
Metadata
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Template:
DRMS Permit Index
Permit No
C1980004
IBM Index Class Name
General Documents
Doc Date
3/9/2021
Doc Name Note
Case No. 20-12043 (GRH) Hopedale Mining LLC
Doc Name
Bankruptcy Notice
From
Tasha R. Schreckengost
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
JRS
JDM
GRM
CMM
CCW
Media Type
D
Archive
No
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sem a M ii a 1-MkUM %W- D.a .i:C LAM: :.: cb GW.i:C LAM: 1/.:1 `1.M, Ail D - <br />from time to time in accordance with the DIP Credit Agreement, with contemporaneous notice to <br />the Creditors' Committee, and once approved by the DIP Requisite Lenders, 12 in form and <br />substance reasonably satisfactory to them, shall supplement and replace the Initial Cash Flow <br />Forecast (together with each subsequent approved 13-week cash flow forecast, shall constitute <br />without duplication, an "Approved Cash Flow Forecast" 13) . The Debtors believe that the Initial <br />Cash Flow Forecast is reasonable under the facts and circumstances known to them, taken as a <br />whole, as of the Petition Date. The DIP Agents and the DIP Secured Parties are relying, in part, <br />upon the Debtors' agreement to comply with the Approved Cash Flow Forecast (subject to <br />Permitted Variances), the other DIP Documents, and this Final Order in determining to enter into <br />the postpetition financing arrangements provided for in this Final Order. <br />(k) For the reasons set forth in the Motion, the declarations filed in support of <br />the Motion, and the record presented to the Court at the Final Hearing, consummation of the DIP <br />Financing and the use of Prepetition Collateral (including Cash Collateral), in accordance with <br />this Final Order and the DIP Documents are therefore in the best interests of the Credit Parties, <br />their estates and their creditors. <br />(1) The Motion and this Final Order comply with the requirements of Local <br />Bankruptcy Rule 4001-2. <br />9. Authorization of the DIP Financing and the DIP Documents. <br />(a) Subject to the terms and conditions of this Final Order, the Credit Parties <br />are hereby authorized to execute, enter into and perform all obligations under the DIP <br />Documents. The DIP Documents and this Final Order shall govern the financial and credit <br />12 "DIP Requisite Lenders" means "Required Lenders" as defined in the DIP Credit Agreement. <br />13 "Approved Cash Flow Forecast" is the "Approved Budget" referenced in the DIP Credit Agreement. <br />17 <br />NY 78179867 <br />4844-7341-8439.2 <br />NY 78179867 <br />
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