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GENERAL50076
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Last modified
8/24/2016 8:30:12 PM
Creation date
11/23/2007 5:38:56 PM
Metadata
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Template:
DRMS Permit Index
Permit No
M1977376
IBM Index Class Name
General Documents
Doc Name
MOTION OF DEBTORS FOR ORDER AUTHORIZING FINANCING GRANTING SENIOR LIENS & PRIORITY ADMINISTRATIVE E
Media Type
D
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No
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annum of the maximum credit ($10,000,000) for each month (or part <br />thereof) in the remaining term of the Financing Agreement:>. <br />f. Term. The term of the Financing Agreements is <br />one year, unless terminated earlier pursuant to the Financing <br />Agreements. <br />q. Closing costs. The Debtors will pay all <br />reasonable legal and closing costs. <br />h. Suoerorioritv. In accordance with 11 T1..S.C. § <br />364(c), all Congress Indebtedness shall have priority in right of <br />payment over any and all other obligations, liabilities, and <br />indebtedness of Debtors now in existence or hereinafter incurred <br />by Debtor and over all administrative expenses of the kind <br />specified in 11 U.S.C. §§ 503(b), 506(c) or 507(b); provided, <br />however, that the administrative expense priority granted to <br />Congress pursuant to the Financing Order shall be junior and <br />subordinate to allowed and unpaid administrative expense claims <br />arising pursuant to 11 U.S.C. §§ 330 and 331 of the Bankruptcy <br />Code for professional persons retained pursuant to 11 U.S.C. §§ <br />327 and 1103 of the Bankruptcy Code (collectively, "Professional <br />Claims") and the fees of the United States Trustee, in an <br />aggregate amount not to exceed $1,000,000 but without prejudice <br />to the rights of Congress to be heard with respect to the <br />allowance or amount of any Professional Claims. <br />i. Miscellaneous terms. <br />(1) Subject to the provisions of subparagraph <br />(7) below but without requiring further modification of the <br /> <br />10 <br />
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