Examples of CCE Entities in a sentence
While the Lessors and the CCE Entities assert present law establishes that Louisiana mineral leases constitute real property rights2 and must be treated as such, they also acknowledge that some courts have previously held that such mineral leases are executory contracts under the Bankruptcy Code.
Further, based solely on those representations made post- Objections, the Lessors and the CCE Entities presently believe the Debtors intend to assert that the subject Louisiana mineral leases should be treated as “Royalty and Working Interests” rather than executory contracts under the Proposed Plan, and that the aforementioned obligation stripping effect of the Proposed Plan will allegedly be affected under sections E.
The Lessors and the CCE Entities respectfully submit that, in its present form, the Proposed Plan has not been filed in good faith; it contains provisions that permit the Debtors to alter existing real property rights of the Lessors and the CCE Entities, creating a windfall for the Debtors to the detriment of the Lessors and the CCE Entities.
Considering the failure of the proposed amendments to the Proposed Plan to address the concerns of the Lessors and the CCE Entities, the Lessors and the CCE Entities file this Supplemental Objection to the Proposed Plan, including the presently proposed amendments thereto, in furtherance of their Objections.
Subsequent Violations — $100.00 for each underpaid employee for each pay period during which the employee was underpaid in addition to an amount which is sufficient to recover unpaid wages.
Furthermore, subsequent to the filing of that Original Objection, Debtors’ counsel contacted counsel for the Lessors and the CCE Entities and indicated yet another amended version of the plan may be filed in an effort to address the concerns of the Lessors and the CCE Entities and or other creditors; however, to date no such further amended version of the Proposed Plan has yet been presented to undersigned counsel.
After the filing of the Objections, Debtors orally communicated to undersigned counsel that the Debtors wish to maintain their rights in these Louisiana mineral leases, but that under the Proposed Plan their intention is to argue that their obligations to the Lessors and the CCE Entities are modified, removing, inter alia, obligations imposed by law upon Louisiana mineral lease lessees, including the duty to restore the surface of the leased premises and to act as a good administrator and prudent operator.