ARIOQ is going to be losing the Q soon
The motion, (the “Motion”), of AmeriResources Technologies, Inc, debtor and debtor-in-possession (the “Debtor”) in the above-captioned case (the “Case”) for entry of an Order under Sections 105, 361, 362, 363, 364(c)(1), 364(c)(2), 364(c)(3), 364(d)(1), 364(e), and 507(b) of title 11 of the United States Code, 11 U.S.C. §§ 101, et seq. (as amended, the “Bankruptcy Code”), and Rules 2002, 4001, 6004, and 9014 of the Federal Rules of Bankruptcy Procedure (as amended, the “Bankruptcy Rules”) and the local bankruptcy rules for the District of New Jersey (the “Local Bankruptcy Rules”), seeking authorization to obtain post-petition financing and grant of liens and security interest and entry into Marketing Agreement, and for good cause shown, IT IS HEREBY ORDERED, ADJUDGED, AND DECREED as follows: 1. Motion Granted. The Motion is granted to the extent provided herein. Any objections to the Motion and entry of the Final Order that have not been previously withdrawn, waived or settled, and all reservations of rights included therein, are hereby denied and overruled. 2. Approval of Documents. The Credit Line Agreement and Marketing Agreement are hereby approved subject to the terms of this Final Order. The failure to reference or discuss any particular provision of the DIP financing documentation shall not affect the validity or enforceability of any such provision. 3. Authorization to Execute and Deliver Documents. The Debtor is expressly authorized, empowered and directed to do and perform all acts to make, execute, deliver and implement the DIP financing documentation and any other document of any kind required to be executed and delivered in connection therewith. 4. Authorization to Borrow; the Budget. Good and sufficient cause has been shown for the entry of this Final Order. The Debtor is authorized and empowered to borrow funds from the Payroll Funding Company, LLC (“PFC”).
