Examples of Supplemental Cash Collateral in a sentence
The Committee makes the following arguments in support of its Objection to the Third Amended Supplemental Cash Collateral Order: There is no representation in the Stipulation or Order that the cash collateral budget (the “Budget”) provides for the payment of all allowed administrative claims in full.
As reflected in the monthly cash forecast attached to the Supplemental Cash Collateral Motion (as defined below), UCI Holdings had approximately $44 million in cash on hand on a consolidated basis as of July 22, 2016, and projects sufficient cash through the expected completion of the restructuring process at year-end.
However, the Supplemental Cash Collateral Order does not “terminate, restrict or modify the adequate protection granted to the Prepetition Secured Creditors pursuant to the Final DIP Order.” It indicates that “[n]othing herein shall alter any rights, claims, entitlements or defenses of the Debtors, the Prepetition Secured Creditors or the Committee.”Moreover, the Final DIP Order explicitly states that it will survive any subsequent orders issued by the bankruptcy court.
Payment of the Section 503(b)(9) Claim is an entirely separate issue from payment for the post-petition supplies.Entry of an order compelling payment of the Section 503(b)(9) Claim would also violate the Final Order Approving Stipulation to (A) Amend the Third Amended Supplemental Cash Collateral Order, (B) Authorize Continued Use of Cash Collateral, (C) Grant Adequate Protection, (D) Modify Automatic Stay, and (E) Grant10:00 AMCONT...
Article 196Use of technologies or introduction of alien or new species1.
As reflected in the monthly cash forecast attached to the Supplemental Cash Collateral Motion, UCI Holdings had approximately $44 million in cash on hand on a consolidated basis as of July 22, 2016, and projects sufficient cash through the expected completion of the restructuring process at year-end.
The Fourth Supplemental Cash Collateral Order provides that the Debtors are authorized to use the Banks’ cash collateral in accordance with the Cash Collateral Budget [Doc.
Therefore, the Supplemental Cash Collateral Order does not affect the protections flowing to the Prepetition Secured Creditors through the Final DIP Order.Thus, the district court properly dismissed the Committee’s appeal as statutorily moot under § 364(e).4 AFFIRMED.
Official Committee of Unsecured Creditors’ (1) Opposition to Third Amended Supplemental Cash Collateral Stipulation; (2) Objection to the Order Thereon; and(3) Request for Hearing [Doc.
Therefore, we grant the motion as to the Supplemental Cash Collateral Order.The Committee also asks this court to supplement the record with filings in two challenge actions against the Prepetition Secured Creditors.