Seems pretty straight-forward to me: KERP Charge is subordinate to Interim Lender and Secured Claimants. KERP Charges of 1.29M were paid, therefore Interim Lender and Secured Claimants were paid. investorshub.advfn.com/uimage/uploads/2019/1/31/zmbpkvwgkhfckbruceboner.png *Image credit to CSCS