Case 26-11749Dkt. 51Filed 2026-11-04PDF page 51 of 53
…This Interim DIP Budget presents a $5.5M DIP Commitment, of which up to $2.5M is available upon entry of the Interim Order. The DIP Facility bears no interest and has a $50,000 commitment fee, paid in w/e 11/6, per the Interim Order and subject to Court approval. This interim Budget projects an interim advance of $2.5 million in w/e 11/6 upon entry of the Interim Order. It also assumes the Final Order and the Bidding Procedures Order are entered by w/e 11/27, with an advance of $2.0 million drawn in w/e 11/27.…
Case 26-13155Dkt. 207Filed 2026-11-04PDF page 13 of 73
…Notwithstanding anything to the contrary in the New DIP Loan Documents, the cure period for a Payment Default as set forth in Section 12(i) of the Loan Agreement and the duration of the Activation Period as set forth in Section 13 of the Loan Agreement shall be seven (7) calendar days. Furthermore, if an Emergency Hearing (as defined in the New DIP Loan Documents) is requested prior to the expiration of the seven (7) calendar day Activation Period (as defined in the New DIP Loan Documents), and the Court is unable to conduct such Emergency Hearing prior to the expiration of the Activation Period, the Activation Period shall be tolled, and PCC shall not exercise control over, or apply to the DIP Obligations, any cash or Accounts (as defined in the New DIP Loan Documents) until the Court has ruled on the relief requested at such Emergency Hearing.…