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2016-04-25_GENERAL DOCUMENTS - C1982056 (7)
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2016-04-25_GENERAL DOCUMENTS - C1982056 (7)
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Last modified
8/24/2016 6:21:06 PM
Creation date
4/26/2016 12:26:46 PM
Metadata
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Template:
DRMS Permit Index
Permit No
C1982056
IBM Index Class Name
General Documents
Doc Date
4/25/2016
Doc Name
Interim Order Pursuant to Section
From
United State Bankruptcy
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
MPB
JRS
JLE
Media Type
D
Archive
No
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Case 16-42529 Doc 111 Filed 04/15/16 Entered 04/15/16 09:46:28 Main Document <br />Pg4of9 <br />4. Pursuant to section 553 of the Bankruptcy Code, the Debtors are <br />authorized to set off (a) mutual prepetition obligations relating to Intercompany Transactions and <br />(b) mutual postpetition obligations relating to Intercompany Transactions. <br />5. The Debtors are authorized to continue to use their Business Forms <br />substantially in the forms existing immediately before the Petition Date. The Debtors are <br />authorized to utilize their current Business Forms without reference to their status as debtors in <br />possession. <br />6. The Debtors are authorized to deposit and hold their funds in accordance <br />with their prepetition deposit practices, as they may be modified in connection with the DIP <br />Facility, and the Banks are authorized to honor the Debtors' request to invest the Debtors' funds <br />in accordance with their prepetition deposit practices, and to continue to service and administer <br />the bank accounts without interruption and in the ordinary course, and to receive, process, honor <br />and pay any and all checks and drafts and automated clearing house transfers drawn on, or <br />electronic transfer requests made on, said account after the Petition Date by the holders or <br />makers thereof, provided that sufficient funds are available in the applicable accounts to cover <br />such request. <br />7. The Debtors are authorized to invest and deposit their cash and cash <br />equivalents in accordance with the Investment Guidelines in addition to the investments <br />permitted by section 345 of the Bankruptcy Code. The Debtors' compliance with the Investment <br />Guidelines shall be deemed to constitute compliance with section 345 of the Bankruptcy Code, <br />and the Debtors are relieved from the obligations under section 345(b) of the Bankruptcy Code <br />to obtain a bond from any entity with which money is deposited or invested in accordance with <br />the Investment Guidelines. <br />-4- <br />
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