Examples of Cash Collateral Motion in a sentence
On August 1, 2015, the MLP Debtors exercised their option to incur an additional $120.0 million in term loan indebtedness pursuant to the MLP Credit Agreement (as defined in MLP Debtors’ Cash Collateral Motion [Docket No. 18]).
Pursuant to the MLP Loan Documents (as defined in MLP Debtors’ Cash Collateral Motion [Docket No. 18]), the MLP Debtors were initially obligors with respect to a $175.0 million term loan facility.
Additionally, as described more fully in the Cash Collateral Motion, as of the Petition Date, the Mezz 1 Loan (as defined in the Cash Collateral Motion) was held by ESS-GV Holdings LLC (a competitor of the Debtors) and the Mezz 2 Loan (as defined in the Cash Collateral Motion) was held by RREF III Storage LLC.
In addition to the relief described above, the Debtors also filed the Cash Collateral Motion.
Accordingly, on behalf of the Debtors, I respectfully submit that the Cash Collateral Motion should be approved.