Dec 1st ...D Day, page-6

Minutes from the court room

Minute Entry Re: Debtor's Motion for Final Order Pursuant to 11 U.S.C. 105, 361, 363, 364 and 507 (1) Authorizing Debtor in Possession to Obtain Post-Petition Financing; (2) Granting Liens and Providing Superpriority Administrative Expense Status; (3) Granting Adequate Protection; and (4) Modifying the Automatic Stay and Motion to Dismiss Chapter 11 Case or for Relief from Stay. Financing motion is denied. Relief from stay is granted on a limited basis. Motion to dismiss is denied. Creditor is to be paid off on or before June 1, 2015 or case will be dismissed with prejudice from re-filing within 180 days thereafter. Creditor may schedule a sale no earlier than June 10, 2015. Ruling read on the record. Findings of fact and conclusions of law made on the record. (related document(s): [7],[40]) Appearances: J. Thomas Beckett, Brian Rothschild, and Nicole Farrell DB; David B. Levant and Mark Hindley CASTLELAKE ET AL; John Morgan USTR; George Hofmann MARION ENERGY LIMITED; Steven McCardell KM CUSTODIANS. OTF Beckett and Hindley; Pending Order Deadline due by 12/19/2014. (arb)