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In re Trico Marine Servs. Inc.

Before the court was debtors' Motion to determine the validity and priority of a certain make-whole premium (the "Make-Whole Premium") asserted by an Indenture Trustee. Pursuant to an order of the court approving the sale of certain assets, the Indenture Trustee sought full and immediate payment of the Make-Whole Premium out of sale proceeds currently held in escrow. Debtors contested the Indenture Trustee's entitlement to such payment.
Ruling: 
Make-whole premium asserted by indenture trustee was an allowable secured claim.
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Commercial case opionion summary, case decided on April 15,2011, LexisNexis #0511-049