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2016-05-24_GENERAL DOCUMENTS - C1994082 (2)
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2016-05-24_GENERAL DOCUMENTS - C1994082 (2)
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Last modified
8/24/2016 6:22:29 PM
Creation date
5/25/2016 7:28:10 AM
Metadata
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Template:
DRMS Permit Index
Permit No
C1994082
IBM Index Class Name
General Documents
Doc Date
5/24/2016
Doc Name
Final Order Pursuant to Sections 105(a), 363 and 364 of the Bankruptcy Code
From
United State Bankruptcy Court
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
MPB
JRS
JHB
Media Type
D
Archive
No
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Case 16-42529 Doc 542 Filed 05/18/16 Entered 05/18/16 14:56:20 Main Document <br />Pg3of6 <br />consistent with the Debtors past or industry practices; provided further that to the extent the <br />Debtors seek to provide collateral or grant administrative claims in connection with obtaining <br />new Surety Bonds or provide additional collateral or grant administrative claims for the <br />postpetition renewal of Surety Bonds, the Debtors shall provide such collateral or grant such <br />administrative claims only to the extent permitted under any debtor in possession financing <br />facility. <br />The failure to specifically describe or include any particular feature of the <br />Surety Bond Program in this Order shall not diminish or impair the effectiveness of such feature, <br />it being the intent of this Court that the Surety Bond Program be approved in its entirety. <br />The Debtors' Banks are authorized when requested by the Debtors in the <br />Debtors' discretion, to receive, process, honor and pay all checks presented for payment of, and <br />to honor all fund transfer requests made by the Debtors related to, amounts due pursuant to the <br />Surety Bond Program, whether such checks were presented or fund transfer requests were <br />submitted prior to or after the Petition Date, provided that sufficient funds are available and <br />standing in the Debtors' credit in the applicable accounts to cover such checks and fund transfers. <br />The Banks are authorized to rely on the Debtors' designation of any particular check or fund <br />transfer as approved by this Order without any duty of further inquiry and without liability for <br />following the Debtors' instructions. <br />Nothing in the Motion or this Order shall be deemed or construed as. <br />(a) an admission as to the validity or priority of any claim against the Debtors; (b) a waiver of the <br />rights of the Debtors or any other party in interest to dispute any claim on any grounds; (c) a <br />promise to pay any claim, (d) an implication or admission that any particular claim against the <br />Debtors would constitute a claim arising under the Surety Bond Program; (e) a request to assume <br />
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