IN RE UAL CORPORATION, (Bankr.N.D.Ill. 2004)

Case No. 02-B-48191 (Jointly Administered)United States Bankruptcy Court, N.D. Illinois
February 19, 2004

ORDER AUTHORIZING SELF-INSURANCE AGREEMENT WITH FLORIDA DEPARTMENT OF FINANCIAL SERVICES AND FLORIDA SELF-INSURERS GUARANTY ASSOCIATION, INC.
EUGENE WEDOFF, Bankruptcy Judge

Upon the Motion[1] of the Debtors for entry of an order authorizing self-insurance agreement with Florida Department of Financial Services and Florida Self-Insurers Guaranty Association, Inc.; it appearing that the relief requested is in the best interests of the Debtors’ estates, their creditors and other parties in interest; it appearing that the relief requested is essential to the continued operation of the Debtors’ businesses; it appearing that this Court has jurisdiction over this matter pursuant to 28 U.S.C. § 157 and 1334; it appearing that this proceeding is a core proceeding within the meaning of 28 U.S.C. § 157(b)(2); it appearing that venue is proper in this District pursuant to 28 U.S.C. § 1408 and 1409; adequate notice having been given; it appearing that no other notice need be given; no objections having been filed and the Debtors having filed a certification indicating that no Objection has been filed or served on the Debtors; and after due deliberation and sufficient cause appearing therefor, it is hereby ORDERED THAT:

1. The Motion is granted.

Page 2

2. The Debtors may enter into the Agreement with the Department and FSIGA.

3. Upon entry of this Order, the Department shall immediately release and return to the Debtors that certain cash security deposit in the amount of $6,377,313.00 (the “Deposit”) currently held by the Florida Division of Treasury, Bureau of Collateral Management (the “Division”), plus any interest or other amounts accrued or accruing on the Deposit while held by the Division,

4. No further approvals or authorizations shall be required by the Court for entry by the Debtors into the Agreement or return of the Deposit to the Debtors.

5. Notwithstanding the possible applicability of Bankruptcy Rules 4001(a)(3), 6006(d), 7062, 9014, or otherwise, this Order shall take effect immediately upon entry.

6. This Court retains jurisdiction with respect to all matters arising from or relating to the implementation of this Order.

7. All time periods set forth in this Order shall be calculated in accordance with Bankruptcy Rule 9006(a).