My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2021-03-09_GENERAL DOCUMENTS - C1980004 (7)
DRMS
>
Day Forward
>
General Documents
>
Coal
>
C1980004
>
2021-03-09_GENERAL DOCUMENTS - C1980004 (7)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/16/2021 1:35:25 PM
Creation date
3/16/2021 12:56:39 PM
Metadata
Fields
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
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
205
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
sem a M ii a 1-MkUM %W- D.a .i:C LAM: :.: cb GW.i:C LAM: 1/.:1 `1.M, Ail D esD"ain <br />DE&bbituPt PRggE2G.%bVS7 <br />equal to the difference between, as applicable, the Initial Funded Reserve Amount or the <br />Monthly Funded Reserve Amount and the amount accrued and claimed in the applicable Fee <br />Statement (each, a "Top Off Amount"). The Debtors shall hold the Funded Reserve Account in <br />trust to pay such then unpaid Allowed Professional Fees (the "Pre -Carve -Out Trigger Notice <br />Reserve") prior to any and all other claims. On the Termination Declaration Date, after funding <br />the Pre -Carve -Out Trigger Notice Reserve, the Debtors shall utilize all remaining cash on hand <br />as of such date and any available cash thereafter held by any Debtor to fund a reserve in an <br />amount equal to the Post -Carve -Out Trigger Notice Cap (the "Post -Carve -Out Trigger Notice <br />Reserve" and, together with the Pre -Carve -Out Trigger Notice Reserve, the "Carve -Out <br />Reserves") prior to paying any and all other claims. All funds in the Pre -Carve -Out Trigger <br />Notice Reserve shall be used first to pay the obligations set forth in clauses (i) through (iii) of the <br />definition of Carve -Out set forth above (the "Pre -Carve -Out Amounts"), but not, for the <br />avoidance of doubt, the Post -Carve -Out Trigger Notice Cap, until paid in full, and then, to the <br />extent the Pre -Carve -Out Trigger Notice Reserve has not been reduced to zero, to pay the DIP <br />Administrative Agent for the benefit of the DIP Lenders, unless the DIP Obligations have been <br />indefeasibly paid in full, in cash, and all Commitments (as defined and used in the DIP Credit <br />Agreement) (the "DIP Commitments") have been terminated, in which case any such excess <br />shall be paid to the Prepetition Secured Parties in accordance with their rights and priorities as of <br />the Petition Date. All funds in the Post -Carve -Out Trigger Notice Reserve shall be used first to <br />pay the obligations set forth in clause (iv) of the definition of Carve -Out set forth above (the <br />"Post -Carve -Out Amounts"), and then, to the extent the Post -Carve -Out Trigger Notice <br />Reserve has not been reduced to zero, to pay the DIP Administrative Agent for the benefit of the <br />25 <br />NY 78179867 <br />4844-7341-8439.2 <br />NY 78179867 <br />
The URL can be used to link to this page
Your browser does not support the video tag.