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Debtor, and good cause appearing therefor, hereby finds and <br />occludes as follows: <br />1. On November 7, 1990, (the "Petition Date"), Debtor <br />commenced its reorganization ease by filing a voluntary petition <br />far relief under chapter 11 of the Bankruptcy Code. <br />2. Debtor is continuing in possession of its property <br />a~ is operating and managing its business, as a debtor iri <br />possession, pursuant to sections 1107 and 1108 of the SanYavptcy <br />Code. <br />3. The Court has jurisdiction over this matter pursuant <br />bo 28 U.S.C. §§ 157 and 13]4. This is a core proceeding pursuant <br />tD 26 U.S.C. S 157(b)(2)(A). <br />4. Notice of the hearing on the Verified lSotion 'vas <br />given to parties as required by the Court and is sufficient. <br />5. On Friday, November 16, 1990, OSKRE presented a sight <br />dzaft on United Bank for payment of the full amount of a letter <br />a[ credit in the amount of $822,000 ("Letter of Credit") issued <br />}d* United Bank to secure Debtor's obligations under a collateral <br />bond and indemnity agzeement posted by Debtor (the "Bond") to <br />guarantee performance of reclamation work on property owr~ad by <br />Debtor in Leflore County, Oklahoma. <br />6. Debtor is obligated to reimburse United Bank for any <br />3ayment United Bank say make under the Letter of Credit. <br />lebtor's obligation is evidenced by a promissory note in the tote <br />eIIOUnt of $822,000 (the ^Note") and secured by a cartilicate of <br />/ieposit pursuant to a general security agreement (the "Security <br />2 <br />