Like the wild prairie rose that punctuates the North Dakota plains, the issue of whether a debtor can reject its midstream agreements is back after a brief period of dormancy. In Hot Topics in Oil and Gas Restructurings, Volume 3, we described how the U.S.
USA, Energy & Natural Resources, Insolvency & Restructuring, Litigation, McGuireWoods LLP, Natural gas, United States bankruptcy court
Some term loans allow borrowers to redeem debt. But to protect a lender’s expected yield, such loans often impose a “make-whole premium” on redemption. That is, they require compensation to the lender for the borrower’s premature termination of interest payments.
USA, Banking, Insolvency & Restructuring, Litigation, McGuireWoods LLP, Bankruptcy, Debt, Refinancing, Third Circuit
Yes, Gathering Agreements Can Be Rejected as Executory Contracts (At Least Under One Court’s Interpretation of Texas Law)
USA, New York, Texas, Energy & Natural Resources, Insolvency & Restructuring, Litigation, McGuireWoods LLP, Bankruptcy, Personal property, Second Circuit, Texas Supreme Court
Can Gathering Agreements Be Rejected as Executory Contracts?