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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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J <br />interest and (ii) upon and after the occurrence of an Event of <br />Default, Congress, in its discretion, in connection with a <br />liquidation of any of the Collateral may use any real property, <br />equipment, leases, trademarks, tradenames, copyrights, licenses, <br />patents or any other assets of Debtors which are owned by or <br />subject to a lien of any third party and which are used key <br />Debtors in their respective businesses without the payment of <br />fees or rentals to such third parties. <br />(9) Congress shall be entitled to the i'ull <br />protection of 11 U.S.C. § 364 (e) with respect to debts, <br />obligations, liens, security interests, and other rights created <br />or authorized in the Financing Order in the event that the <br />Financing Order or any authorization contained therein i:: <br />vacated, reversed or modified on appeal or otherwise by einy court <br />of competent jurisdiction. <br />(10) There shall not at any time be enteared in <br />Debtors' Chapter 11 cases or any subsequent Chapter 7 cases any <br />further order which (a) authorizes the use of cash collai:eral of <br />Debtors in which Congress had an interest, or the sale, lease, or <br />other disposition of property of the estates of Debtors :in which <br />Congress has a lien or other security interest or (b) under it <br />U.S.C. § 364 of the Bankruptcy Code authorizes the obtaining of <br />credit or the incurring of indebtedness secured by a lien or <br />security interest which is equal or senior to a lien or security <br />interest in property in which Congress holds a lien or security ~ <br />interest, or which is entitled to priority administrative status <br />14 <br />
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