Delaware Bankruptcy Court Weighs In on Intercreditor Agreements

In re Electrical Components International, Inc., 2010 Bankr. LEXIS 5797, at * 26 (Bankr. D. Del. Apr. 27, 2010); In re Erickson Retirement Communities, LLC, 425 B.R. 309, 314 (Bankr. N.D. Tex. 2010); In re Ion Media Networks, Inc., 419 B.R. 585, 595 (Bankr. S.D.N.Y. 2009); In re Centaur, LLC, et al., Case No. 10-10799 (Bankr. D. Del.) (KJC); Clear Channel Outdoor, Inc. v. Knupfer (In re PW, LLC), 391 B.R. 25 (B.A.P. 9th Cir. 2008); In re Beker Indus, Corp., 63 B.R. 474, 475-78 (Bankr. S.D.N.Y. 1985); In re Hatfield Homes, Inc., 30 B.R. 353, 355 (Bankr. E.D. Pa. 1983); In re Oneida Lake Dev., Inc., 114 B.R. 352, 356-57 (Bankr. N.D.N.Y. 1990); In re Collins, 180 B.R. 447, 451 (Bankr. E.D. Va. 1995) (holding that the term “value” in Section 363(f)(3) should be given the same definition as “value” under Section 506(a) of the Bankruptcy Code, and therefore, “means actual value as determined by the Court, rather than the face amount of the lien”); In re Netfax, Inc., 335 B.R. 85, 92 (D. Md. 2005)