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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 I-MkMM %W- D.a .i:C LAM: :.: cb GW.i:C LAM: 1/.:1 `1.M, Ail D - <br />Debtors. For the avoidance of doubt and notwithstanding anything to the contrary in this Final <br />Order, the DIP Facilities or in any Prepetition Credit Documents, the Carve -Out shall be senior <br />to all liens and claims securing the DIP Facilities, the Adequate Protection Liens, the Adequate <br />Protection 507(b) Claims, and any and all other forms of Adequate Protection, liens, or claims <br />securing the DIP Obligations or the Prepetition Debt. <br />(e) Payment of Allowed Professional Fees Prior to the Termination <br />Declaration Date. Any payment or reimbursement made prior to the occurrence of the <br />Termination Declaration Date in respect of any Allowed Professional Fees shall not reduce the <br />Carve -Out. <br />(f) No Direct Obligation To Pay Allowed Professional Fees. None of the DIP <br />Agents, DIP Lenders, or the Prepetition Secured Parties shall be responsible for the payment or <br />reimbursement of any fees or disbursements of any Professional Person incurred in connection <br />with the Chapter 11 Cases or any successor cases under any chapter of the Bankruptcy Code. <br />Nothing in this Final Order or otherwise shall be construed to obligate the DIP Agents, the DIP <br />Lenders, or the Prepetition Secured Parties, in any way, to pay compensation to, or to reimburse <br />expenses of, any Professional Person or to guarantee that the Debtors have sufficient funds to <br />pay such compensation or reimbursement. <br />(g) Payment of Carve -Out On or After the Termination Declaration Date. Any <br />payment or reimbursement made on or after the occurrence of the Termination Declaration Date <br />in respect of any Allowed Professional Fees shall permanently reduce the Carve -Out on a dollar - <br />for -dollar basis. <br />27 <br />NY 78179867 <br />4844-7341-8439.2 <br />NY 78179867 <br />
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