White Eagle Revolving Credit Facility (Tables) - White Eagle - Revolving Credit Facility

3 Months Ended

Feb. 29, 2020

Debt Instrument [Line Items]

Schedule of Payouts Based on LTV

After distributions for premium payments, fees to service providers and payments of interest, a percentage of the collections from policy proceeds are to be paid to the Company, which will vary depending on the then LTV ratio as illustrated below where the valuation is determined by the lenders:

LTV	Premiums, Interest & Other Fees	Principal	Distribution to White Eagle - 55%	Lender Participation - 45%
N/A	100%	—%	—%	—%
>65%	N/A	100%	—%	—%
50-65%	N/A	70%	16.5%	13.5%
35-50%	N/A	55%	24.8%	20.3%
0-35%	N/A	45%	30.3%	24.8%

Schedule of Reconciliation of Proceeds Distributed

The below is a reconciliation of proceeds collected by the White Eagle Revolving Credit Facility and distributed from the collection account in accordance with the budget approved by the Bankruptcy court and the White Eagle Revolving Credit Facility termination agreement (in thousands):

	Three Months Ended February 28, 2019
Collection account balance at December 1, 2018	$	28,059
Face value collected in current quarter	14,000
Other collections in current quarter*	2,563
	$	44,621
Expenses paid from the collection account Post-Petition
Premiums	$	(22,880	)
Lender's Interest	(2,400		)
White Eagle Credit Facility expenses	(2,779		)
Total payment	$	(28,059	)
Collection account balance at February 28, 2019	$	16,563

*Includes refund of premiums and interest earned on maturity proceeds

Schedule of Advances For Premium Payments and Fees

During the three months ended February 28, 2019, advances for premium payments and fees to service providers amounted to (in thousands):

	Three Months Ended February 28,
	2019
Amount drawn for premium payments	$	4,221
Total amount drawn	$	4,221