SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ATPG Shareholders
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kollmhn who wrote (151)8/29/2012 3:08:54 PM
From: billgatesisevil  Read Replies (3) of 3620
 
Sorry guy, but that is the law. I have volumes of it over here that I have read and studied. Yourself? Educate yourself first.

In reference, since I really don't care to hunt down my books, you have this:

2. “Super-priority” administrative expense claim. If the DIP can demonstrate to the bankruptcy court that post-petition financing isn’t otherwise available, it may obtain unsecured credit that’s accorded administrative expense priority that’s superior to all other administrative expense claims. A DIP seeking to provide a junior, senior or priming lien (discussed next) must also demonstrate this. Lenders generally seek greater protection than a super-priority administrative expense claim alone.

A super-priority administrative claim includes lawyers' fees.

A quick reference so you can learn before shooting mouth off: kollmhn read me

If you want chapter and verse I suppose I could go hunt, but that should be enough to make you think twice before posting.

See also: kollmhn read this too

Also read section 364 of the bankruptcy code: Read this too.

It is routine for DIP lenders to state that the DIP could not otherwise obtain financing to gain superiority over all other claims. I know of no case otherwise. If you do enlighten us oh wise one.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News