JPMorgan also served as the administrative agent for the term loan.
Eventually, GM arranged to pay off the synthetic lease and hired a law firm, Mayer Brown LLP, to handle the transaction.
The Committee appealed to the United States Court of Appeals for the Second Circuit.
The Second Circuit then certified a question to the Delaware Supreme Court: must a secured lender intend to terminate a particular security interest in order for an authorized termination statement to be effective? A termination statement that was properly authorized is effective even if the secured lender did not intend to release a particular security interest.
Notice of Intent to Request Redaction Deadline Due By 8/20/2019. (Lewis, Tenille) (Entered: 08/19/2019)So Ordered signed on 8/16/2019 Re: ORDER PURSUANT TO SECTIONS 1 OF THE BANKRUPTCY CODE AND BANKRUPTCY RULE 3020 APPROVING DISTRIBUTION OF AVOIDANCE ACTION TRUST PROCEEDS TO THE DIP LENDERS. (Related document(s) 14552) Modified on 8/19/2019 (Richards, Beverly). Please check to see if you typed in the address correctly. Please choose a Category or enter a search term above.General Motors (GM) entered into two separate financing arrangements. (JPMorgan) (defendant) served as the administrative agent for the lenders on the synthetic lease.(cc: doc# 14566, 14571, 14575, 14586, 14587, 14602); motion of wilmington trust Company, as guc trust administrator, for an order authorizing The expedited payment of excess guc distributable assets Pursuant to section 5.4 of the guc trust agreement. Remote electronic access to the transcript is restricted until 11/12/2019.
The transcript may be viewed at the Bankruptcy Court Clerks Office.with hearing to be held on 8/12/2019 at AM at Courtroom 523 (MG) (Going, Kristin) (Entered: 08/09/2019)Reply to Motion / Reply of Wilmington Trust Company, as GUC Trust Administrator, to Economic Loss Plaintiffs' Objection to Motion for an Order Authorizing Expedited Distribution to Holders of 502(h) Claims Resulting from the AAT Settlement Agreement Pursuant to Sections 5.3 and 5.8 of the GUC Trust Agreement (related document(s) 14566) filed by Kristin K.