Order Granting Motion To Use Cash Collateral in accordance with the terms and conditions set forth in this Interim Order and shall be a valid, binding obligation on all parties-in-interest and fully effective immediately upon its entry. Please refer to the order for the lengthy details. (Related Doc # 5) (ksh) (EOD: 07/29/2016)
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Order Granting on an interim basis Motion for Order Authorizing Debtor and its Affiliate to Continue Use of Their Existing Bank Accounts, subject to consideration at a final hearing on the Motion to be conducted on August 17, 2016 at 2:00 p.m. Debtor is authorized to continue to use its Concentration Account, rather than opening a new debtor in possession account. Debtor is authorized and empowered to maintain and continue to use its bank accounts in the names and with the account numbers existing on the Petition Date. This Order is effective immediately and enforceable upon its entry. (Related Doc # 11) (ksh) (EOD: 07/29/2016)
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Order Granting Motion to Pay Critical Mineral Interest Payments. The Debtor is authorized to pay or apply the full amount of the prepetition Royalty Payments coming due about July 29, 2016 in the approximate amount of $437,000, but not to exceed $480,000. The Debtor is authorized to pay or apply the full amount of prepetition JIBs coming due on or about August 2, 2016 in the approximate amount of $515,000, but not to exceed $530,000. Final hearing on the Motion will be held on August 17, 2016 at 2:00 p.m. (Related Doc # 8) (ksh) (EOD: 07/29/2016)
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