Case No. 01-B-48141 (Jointly Administered).United States Bankruptcy Court, N.D. Illinois, Eastern Division.
February 10, 2005
ORDER AUTHORIZING ENTRY INTO SETTLEMENT AGREEMENT BETWEEN FRANKEL COMPANY AND THE DEBTORS
EUGENE WEDOFF, Bankruptcy Judge
Upon the Motion[1] of the debtors and debtors in possession (collectively, the “Debtors”) in the above-captioned Chapter 11 cases seeking entry of an Order pursuant to Section 363 of the Bankruptcy Code and Rule 9019 of the Federal Rules of Bankruptcy Procedure authorizing entry into a settlement agreement and release (the “Settlement Agreement”), between United and Frankel Company; and it appearing that the relief requested is in the best interest of the Debtors’ estates, their creditors, and other parties in interest; and the Order being a final order for purposes of 28 U.S.C. §§ 158 and 1291; 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 proceeding is a core proceeding within the meaning of 28 U.S.C. § 157(b)(2); and it appearing that venue is proper in this District pursuant to 28 U.S.C. §§ 1408 and 1409; and adequate notice of the Motion having been given; and it appearing that no other notice need be given; and all objections filed to the Motion, if any, having been resolved, withdrawn, or overruled; and after due deliberation and sufficient cause appearing therefor, it is hereby ORDERED THAT:
1. The Motion is granted.
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2. The Debtors are authorized to enter into the Settlement Agreement.
3. The Debtors are authorized and empowered to take all actions and execute all documents necessary to implement the relief granted in this Order.
4. This Court retains jurisdiction with respect to all matters arising from or related to the implementation of this Order.
5. Notwithstanding the possible applicability of Bankruptcy Rules 6004(g), 7062, 9014, or otherwise, the terms and conditions of this Order shall be immediately effective and enforceable upon its entry.
6. All time periods set forth in this Order shall be calculated in accordance with Bankruptcy Rule 9006(a).
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