Case No. 02-43582-H4-11, JOINTLY ADMINISTEREDUnited States Bankruptcy Court, S.D. Texas, Houston Division.
May 17, 2003
Barbara M. Barron, Barron Newburger, P.C., Austin, Texas, for Movant, Powell Lane Plaza Partnership.
Alfredo R. Pérez, Lydia T. Protopapas, Shayne H. Newell, Weil, Gotshal Manges LLP, Houston, Texas, for Debtors and Debtors In Possession.
AGREED ORDER GRANTING RELIEF REQUESTED BY POWELL LANE PLAZA PARTNERSHIP FOR ALLOWANCE AND PAYMENT OF ADMINISTRATIVE EXPENSE CLAIM [This instrument pertains to Docket # 2250]
WILLIAM R. GREENDYKE, United States Bankruptcy Judge
Upon consideration of the Motion to Compel Payment of Administrative Expenses Related to Lease of Non-Residential Real Property (“Powell Lane Motion”), filed by Powell Lane Plaza Partnership (“Powell Lane”); and the Court being satisfied that certain of the relief requested in the Powell Lane Motion is in the best interests of the Debtors and their estates; and sufficient cause appearing therefor, it is hereby
ORDERED that in accordance with the agreement of the parties, Powell Lane is granted an administrative expense claim in the total amount of $42,500 in full and final satisfaction of any and all administrative expense claims which Powell Lane and its successors may possess against the Debtors and their estates; and it is further
ORDERED that on or before ten (10) days from the entry upon the docket of this executed Order, the Debtors will pay to Powell Lane an administrative expense claim in the total amount of $42,500 in full and final satisfaction of any and all administrative expense claims which Powell Lane and its successors may possess against the Debtors and their estates; and it is further
ORDERED that this Court will retain exclusive jurisdiction to construe and enforce the terms of this Order.