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<br />to enter an order approving Debtors' use of the tri-party cash <br />management system (The "Tri-Party Cash Management Agreement") <br />with Shearson Lehman Brothers. In support of this Notion, Debtors <br />respectfully represent as follows: <br />1. On November 7, 1990 (the "Petition Date"), the <br />Debtors commenced their respective reorganization cases by filing <br />voluntary petitions for relief under Chapter 11 of the Bankruptcy <br />Code. <br />2. The Debtors' Chapter 11 cases are being jointly <br />administered pursuant to an Order of this Court. <br />3. The Debtors are continuing in possession of their <br />respective property and are operating and managing their <br />respective businesses, as debtors in possession, pursuant to <br />sections 1107 and 1108 of the Bankruptcy Code. <br />4. CFSI Steel Corporation ("CF&I Steel") is a <br />nationally recognized producer of high quality and high <br />performance long length and standard rails, and seamless oil <br />country tubular goods. CFiI Steel also manufactures wire and bar <br />products for various uses. The other Debtors in these cases are <br />wholly-owned subsidiaries (the "Subsidiaries") of CF&I Steel. <br />BIIMMARY OF CFiI~B CASH M7-PT7IGSMENT BYBTEM <br />5. The Debtors by investing their funds can maximize <br />the financial return to their estates. Most investments of funds <br />by the Debtors, however, must be short-term to allow immediate <br />access to such funds. <br />2 <br />