Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / proposed-final-dip-order.docx
proposed-final-dip-order.docx
Parties
Crestline Packaging Solutions LLC
CPS Holdings Inc
National Corp
Aldersgate Advisory Group LLC
M. Metzenbaum
Saunders LLP
Locke LLP
Thornfield Capital Partners LP
Dates
June 20, 2022
June 21, 2022
June 24, 2022
July 18, 2022
October 13, 2017
October 13, 2022
October 13, 2024
March 31, 2022
April 22, 2022
May 18, 2022
Amounts
$30,000,000
$40,000,000
$32,600,000
$175,000,000
$158,700,000
$191,300,000
$60,000,000
$56,000,000
$4,000,000
$3,900,000
Obligations
(f) Default Interest Rate: Upon the occurrence and during the continuance of an Event of Default (as defined in the DIP Credit Agreement), interest shall accrue at an additional 200 basis points per annum above the applicable interest rate set forth in clause (e) above
The DIP Budget shall be updated and delivered to the DIP Agent every two weeks, or more frequently as reasonably requested by the DIP Agent
(ii) Pursuant to Section 364(c)(3) of the Bankruptcy Code, a junior lien on all assets of the Debtors and their estates that are subject to valid, perfected, and non-avoidable liens in existence as of the Petition Date or to Permitted Prior Liens (as defined in Section VIII of this Final Order), which junior lien shall be subordinate only to such prepetition liens and to the Carve-Out (as defined in Section IV of this Final Order)
The DIP Liens (including the DIP Priming Liens) shall be deemed automatically and fully perfected upon entry of this Final Order without the necessity of the DIP Agent or any DIP Lender filing financing statements under the Uniform Commercial Code, mortgages, deeds of trust, notices, or other documents in any jurisdiction, or taking any other action to perfect such liens and security interests, and no such filing or action shall be necessary to create or perfect any such lien or security interest; provided, however, that the DIP Agent may, in its sole discretion, file financing statements, mortgages, deeds of trust, or other documents or instruments, or take any other action, to evidence or further perfect the DIP Liens, and the Debtors and their officers, managers, and authorized representatives shall cooperate with and execute any such documents or instruments as may be reasonably requested by the DIP Agent
All such filings, if any, shall be deemed to have been filed or recorded at the time and on the date of the entry of this Final Order
The DIP Superpriority Claims shall be payable from and have recourse to all of the property of the Debtors and their estates, and shall not be subordinated to, or pari passu with, any other claims in these Chapter 11 cases