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<br />:, <br />approved the full amount of financing requested and the terms on <br />which the financing were premised, including cross- <br />collateralization o.f pre- and post-petition loans. <br />In re FCX. Inc., 54 Bankr. 833 (Bankr. E.D.N.C. 1985), <br />involved ex oarte hearings on the petition date and the day after <br />the petition was filed. On the petition date, the court approved <br />a cash collateral stipulation between the prepetition lender and <br />the debtor which permitted the debtor to use $400,000 of cash <br />collateral in exchange for confirmation of amounts owing to the <br />lender and of liens securing those amounts. The following day, <br />the court orally approved postpetition financing in the amount of <br />$40,000,000 by the prepetition lender in for a first lien on the <br />debtor's assets, a superpriority, and cross-collateralization of <br />pre- and postpetition loans, subject to an emergency hearing to <br />be held on four day's notice to the debtor's thirty largest <br />creditors. Following the emergency hearing, the court entered an <br />order approving the $40,000,000 financing because of evidence <br />presented that "continued operation of [debtor) was necessary for <br />an effective reorganization of the debtor and to preserve asset <br />values for the benefit of creditors." Id. at 837. <br />In In re Ames Dent. Stores. Inc., 115 Bankr. 34 (Bankr. <br />S.D.N.Y. 1990), the debtors filed on April 25, the court entered <br />a scheduling order on April 27, and on May 1, authorized interim <br />financing in the amount of $25,000,000 "as the amount 'necessary <br />to avoid immediate and irreparable harm to the estate."' <br />7 <br />