Extract to table

(Houston, Texas), executed March 1, 2019, is a critical supplier relationship that must be preserved to ensure the Company's continued access to its primary raw material input

The Company is currently three months in arrears on rent payments under this lease, resulting in a cure amount of approximately $126,000 (3 months × $42,000 per month) that must be paid to the landlord as a condition to assumption under Section 365(b)(1) of the Bankruptcy Code

The tail premium must be paid at or prior to the petition date, or, alternatively, the Company will seek authorization to pay the premium as a first day order

However, these costs must be weighed against the value created by the restructuring — specifically, the reduction of $247

The pre-petition solicitation of the second lien noteholders must comply with applicable federal and state securities laws

A prearranged plan would require significantly more time in Chapter 11 than a prepack, during which the DIP facility must fund operations