IN RE CITATION CORPORATION (Bankr.N.D.Ala. 2005)


IN RE: CITATION CORPORATION, et al.,[1] Chapter 11, Debtors.

Case No. 04-08130-TOM-11 (Jointly Administered).United States Bankruptcy Court, N.D. Alabama, Southern Division.
September 23, 2005.

[1] In addition to the Citation Corporation, the Debtors include the following entities: (i) Citation Holding Company, (ii) Berlin Foundry Corporation, (iii) Bohn Aluminum, Inc., (iv) Castwell Products, Inc., (v) Citation Precision, Inc., (vi) HI-TECH, Inc., (vii) Iroquois Foundry Corporation, (viii) ISW Texas Corporation, (ix) Mansfield Foundry Corporation, (x) OBI Liquidating Corp., (xi) Texas Steel Corporation, (xii) TSC Texas Corporation, (xiii) Citation Aluminum, LLC, (xiv) Citation Castings, LLC, (xv) Citation Grand Rapids, LLC, (xvi) Citation Lake Zurich, LLC, (xvii) (Citation Michigan, LLC, (xviii) Citation Wisconsin Forging, LLC, (xix) Citation Wisconsin, LLC, (xx) ITM Holding Co., LLC, (xxi) Interstate Southwest, Ltd., (xxii) Texas Foundries Ltd., (xxiii) MFC Liquidating Company, Ltd and (xiv) Citation Camden Castings Center, Inc.

AGREED INTERIM ORDER ON APPLICATION FOR INTERIM COMPENSATION AND EXPENSES FOR HOLLAND KNIGHT, LLP
TAMARA MITCHELL, Bankruptcy Judge

This matter came to be heard upon the first interim application for compensation and expenses (the “Application”) of Holland
Knight, LLP (the “Applicant”), counsel for Castwell Products, Inc. (“Castwell”) and an ordinary course professional for Citation Corporation (“Citation”), its holding company, and certain of its direct and indirect subsidiaries (the “Subsidiaries”), as debtors and debtors in possession (collectively, the “Debtors”) for fees and expenses during the time period of April 4, 2005 to April 29, 2005, docket number 1933. In the Application, the Applicant requested to be awarded compensation in the amount of $37,513.00 and expenses in the amount of $58.89. The Chief Deputy Bankruptcy Administrator for the Northern District of Alabama (the “BA”) has not contested the Applicant’s fees or expenses, docket number 2176.

The Applicant and the BA have agreed that the Applicant is entitled to receive $37,513.00 in fees and $58.89 in expenses that the BA has not contested. The Applicant and the BA have further agreed that these amounts should be paid to the Applicant upon approval by the Court. Accordingly, for cause and upon agreement by the BA and the Applicant, it is hereby ORDERED:

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A. The Applicant is entitled to compensation for fees in the amount of $37,513.00 on the Application;

B. The Applicant is entitled to reimbursement for expenses in the amount of $58.89 on the Application;

C. The Applicant is now entitled to take the amounts herein approved from its trust account and apply said amounts to the total amounts due and owing the Applicant from Debtors;

D. Any approved amount not paid through application of the funds previously paid by the Debtors into Applicant’s trust account shall be paid by the Debtors to the Applicant within five (5) business days of the date of this Order;

E. The compensation awarded herein and on any subsequent hearing is not a final determination of the amounts due and owing the Applicant. Any final award will be at the end of the case.

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