Who is going to raise their hand and stand up and say that the CTs do not meet the conditions outlined below in docket 46073? Not me!
$$$ REGARDLESS OF CLASS $$$
The Investments will make immediately available for distribution to holders of Allowed Claims against LBHI, including holders of Allowed Claims against LBSF and LBCC with corresponding Guarantee Claims against LBHI,
There would be absolutely no drama if the Debtors were going to pay the same old group of LBHI creditors (classes 3 thru 9).
You have read the written word. If we do not receive a bone on October 2, 2014, do not look at me as your excuse!
****Docket 46073****
A. Approval of the Investments is in the Best Interests of Creditors 16. Pursuant to the Investments, LBSF and LBCC may loan to LBHI the LBSF Investment Amount and the LBCC Investment Amount in exchange for a rate of return that is enhanced compared to the rate that otherwise would be earned on the investment of such amounts. The Investments will make immediately available for distribution to holders of Allowed Claims against LBHI, including holders of Allowed Claims against LBSF and LBCC with corresponding Guarantee Claims against LBHI, amounts – over $560 million, plus any additional amounts to be reserved on account of the LBSF Claim and the LBCC Claim in connection with future Distributions – that otherwise would become available only after the disputes with JPMCB are resolved at some unknown future date. This accelerated Distribution will provide substantial benefit to the creditors of LBHI and creditors of LBSF and LBCC holding allowed Guarantee Claims against LBHI.