Case No. 04-22421-SVK (Jointly Administered).United States Bankruptcy Court, E.D. Wisconsin.
March 29, 2004.
ORDER UNDER SECTIONS 363(b) AND 364 OF THE BANKRUPTCY CODE AUTHORIZING THE DEBTORS TO ENTER INTO SCRAP SUPPLY AGREEMENT
SUSAN KELLEY, Bankruptcy Judge
Upon the motion (the “Motion”)[2] of the debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, the “Debtors”) seeking entry of an order authorizing the Debtors to enter into the Supply Agreement; and it appearing that the relief requested is essential to the continued operation of the Debtors’ business and is in the best interest of the Debtors’ estates and creditors; and it appearing that this Court has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334; and it appearing that this Motion is a core proceeding pursuant to 28 U.S.C. § 157; and adequate notice of the Motion having been given;
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and it appearing that no other notice need be given; and after due deliberation and sufficient cause appearing therefor, it is hereby:
ORDERED that the Motion is granted in its entirety; and it is further
ORDERED that the Debtors’ entry into the Supply Agreement is hereby approved in all respects; and it is further
ORDERED that Alter Trading Corporation shall have a first priority purchase money security interest in the Alter Scrap, as defined and provided for in the Supply Agreement; and it is further
ORDERED that this Court shall retain jurisdiction to hear and determine all matters arising from or related to the implementation of this Order.
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