Re: TPL BK files 298

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Re: TPL BK files 298

in response to

Re: TPL BK files 276, 281, 298

BaNosser

posted on Dec 08, 2013 07:16AM

Important read from the 298.

Looks like the "Attorneys for Official Committee of Unsecured Creditors" force Leckrone to his knees....

What if PTSC now offers (via Swartz) an adequate amout for a reduced TPL MMP share to the Committee???

.....

Indeed, the Committee believes that the applicable Joint Venture Agreement precludes the arrangement proposed in the November Plan. For example, if PDS requires funding from a TPL ownership interest that is unpaid and instead must be funded by Patriot, TPL’s ownership interest necessarily will be reduced.