Examples of Delphi-DAS Debtors in a sentence
Taking these and other factors into account, the Debtors determined that on balance, substantive consolidation of the Estates of the Delphi-DAS Debtors (Group 1), the DASHI Debtors (Group 2), the Connection Systems Debtors (Group 3), and the Specialty Electronics Debtors (Group 4) under the Plan is appropriate and in the best interests of the Company’s creditors.
To the extent sufficient proceeds are not available at the Delphi-DAS Debtors, all remaining payments to the DIP facility are made from the other Debtors as guarantors.
Alternatively, it is estimated that if all of the net proceeds were transferred to DTI, the additional value would not provide an incremental recovery to the general unsecured creditors of the Delphi-DAS Debtors.
GM Benefit Indemnity claims of $6.1 billion to $7.2 billion are included at Delphi-DAS Debtors and are treated pari passu with other general unsecured claims.
Alternatively, even if the RSE licensee has appointed directors to the board of the connected entity, their fiduciary duties to the connected entity would override any obligation to have regard to the wishes of the shareholder who appointed them.
DIP Facility claims are recovered in full in the Liquidation Analysis.To the extent sufficient proceeds are not available at the Delphi-DAS Debtors; all remaining payments to the DIP Facility are made from the other Debtors as guarantors.
Alternatively, it is estimated that the premiums associated with such a sale would need to be approximately 300% to result in an impact to the general unsecured creditor recoveries in the Delphi-DAS Debtors.