Examples of Prepetition Secured Parties in a sentence
Detailed descriptions of the Debtors’ prepetition debt structure and descriptions of collateral relating to the debt contained on Schedule D are contained in the Debtors’ Emergency Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to (A) Obtain Postpetition Financing and (B) Utilize Cash Collateral, (II) Granting Adequate Protection to Prepetition Secured Parties, (III) Modifying the Automatic Stay, (IV) Scheduling A Final Hearing, and (V) Granting Related Relief [Docket No. 104].
The receipt by the Prepetition Secured Parties of the adequate protection provided herein shall not be deemed an admission that the interests of the Prepetition Secured Parties are adequately protected.
To the extent an alternative transaction structure is proposed by any Potential Transaction Counterparty, the Debtors will work with the DIP Secured Parties, the Prepetition Secured Parties and the Committee to determine whether such alternative transaction structure is feasible, represents the highest and best offer to the Debtors, and if so, the means for its implementation.
The Bidding Process is designed to identify the highest and best transaction for the Debtors that will maximize value in these Cases, and such process will involve the DIP Secured Parties and the Prepetition Secured Parties, any Committee, and other key stakeholders.
Upon receiving the Proposals, the Debtors and Jefferies will evaluate the same, and, in consultation with the DIP Secured Parties, the Prepetition Secured Parties and the Committee, determine which Proposals represent the highest and best alternatives to further pursue.