SEC Filings

PERNIX THERAPEUTICS HOLDINGS, INC. filed this Form 8-K on 02/27/2019
Entire Document


material modifications to the DIP Loan Documents, or any other modifications to the DIP Loan Documents necessary to conform the terms of the DIP Loan Documents to this Interim Order; provided, however, that the DIP Loan Parties shall provide notice of any material modification or amendment to the Approved Budget or the DIP Loan Documents that is adverse to the Debtors’ estates to Committee’s counsel (if any), and the U.S. Trustee, each of whom shall have five (5) days from the date of such notice within which to object in writing to such material modification or amendment. If any Committee or the U.S. Trustee timely objects to any such material modification or amendment to the Approved Budget or the DIP Loan Documents, such modification or amendment shall only be permitted pursuant to a further order of this Court.


33.              Objections to Prepetition Obligations. The Debtors’ admissions, stipulations, acknowledgements, agreements, releases and waivers contained in this Interim Order with respect to, among other things, the extent, legality, validity, perfection, enforceability and other matters noted in this Interim Order with respect to the Prepetition Financing Documents, Prepetition Treximet Notes Financing Documents, Prepetition Liens and Prepetition Treximet Notes Liens, shall be binding upon all other parties in interest, including a Committee, any Chapter 7 trustee or Chapter 11 trustee or examiner appointed or elected for any of the Debtors, for all purposes subject only to the rights of any party in interest with requisite standing for a period of the earlier of (x) for any Committee appointed by the date that is fifteen (15) days after the Petition Date, sixty (60) days after the appointment of such Committee, or (y) for any other party in interest, seventy-five (75) days from the Petition Date (such period hereafter referred to as the “Challenge Period”), as such applicable date may be extended in writing from time to time in the sole discretion of the Prepetition Secured Parties, or by this Court for good cause shown pursuant to an application filed by a party in interest prior to the expiration of the Challenge