Dure Automotive emerged from Chapter 11 protection in mid-2008. The firm obtained exit financing consisting of $110 million revolving credit facility, a $50 million European first-lien term loan, and an $84 million U.S. second-lien loan. The reorganization plan specifies how some portion of the proceeds of these loans would be used. What do you believe might be typical stipulations in reorganization plans for using such funds? Be specific.
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