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Ab liquidating corp

he letter of credit in this case was likewise fully-collateralized by Debtor’s property.

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Rather, his security deposit will be applied in satisfaction of the claim that is allowed under this paragraph. Likewise, one year’s rent of $2,000,755.20, and the proceeds of the Letter of Credit of $999,970.00, are rounded to $2 million and $1 million respectively.

provides a strategic SWOT analysis of the company's businesses and operations. provides a strategic SWOT analysis of the company's businesses and operations. Financial and Strategic SWOT Analysis provides a comprehensive insight into the company?

the rent reserved by such lease, without acceleration, for the greater of one year, or 15 percent, not to exceed three years, of the remaining term of such lease … [2] Because this amount exceeds one year’s rent ($2 million), they agree that the Landlord’s Cap applies. Thus, the statute is ambiguous as to whether such deposits should be applied to a landlord’s gross damages or its capped claim.

The only issue in this appeal is whether to apply the $1 million Security Deposit/Letter of Credit against the $5 million “gross damages” number or the $2 million “capped” number. Given this ambiguity, Congress’s explicit endorsement of Oldden prevents us from accepting AMB’s invitation to reject the case outright.

and shall allow such claim in such amount, except to the extent that … In sum, the relevant part of Section 502(b)(6) provides that a landlord’s claim is limited to the lesser of: (1) its actual damages; or (2) one year’s lease payments. Indeed, the purpose of the Landlord’s Cap is “to compensate the landlord for his loss while not permitting a claim so large … These “mitigated damages” exceed one year’s rent of $2 million.