For your reading pleasure. LOL Doc 468
DEBTOR’S EX PARTE MOTION FOR AN ORDER SHORTENING NOTICE PERIOD ON HEARING FOR DEBTOR’S MOTION FOR AUTHORITY TO OBTAIN FINANCING ON AN UNSECURED
SUPERPRIORITY ADMINISTRATIVE CLAIM BASIS
Case 10-29159 Doc 468 Filed 12/17/10 Entered 12/17/10 16:04:40 Desc Main
Document Page 1 of 7
Western Utah Copper Company and Copper King Mining Corporation the jointly administered Chapter 11 debtors and debtors in possession (the “Debtors”) hereby move, on an ex parte basis, to scheduled a hearing on shortened notice, to consider the Debtor’s motion (the “Financing Motion”), for entry of an order authorizing the Debtor to borrow up to $400,000 (the “Loan”) from Equity Security Funders, LLC (the “Lender”) for the purpose of paying certain obligations related to extension of the Debtor’s deadline to assume or reject its nonresidential real property leases, and any other future expenses that the Lender agrees to pay pursuant to the terms and conditions of the proposed order on the Financing Motion which is attached as an Exhibit to the Financing Motion.
The Debtors are required to make certain lease payments by December 28, 2010. At a hearing held on December 14, 2010, the Court stated on the record that it would consider a motion on December 22, 2010 at 9:00 a.m. allowing the Debtors to borrow funds. The Debtors are in the process of negotiating the terms of the borrowing and will file the Financing Motion prior to December 20, 2010. A notice of hearing has been served on all secured creditors, the top twenty unsecured creditors in each case, any post-petition lenders, and any party that has requested special notice. The Debtors respectfully request that the Court enter an order shortening the notice period for hearing the Financing Motion in conformance with the Court’s ruling on the record on December 14, 2010.
Dated: December 17, 2010
LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
By: /s/ Krikor J. Meshefejian
Martin J. Brill
David B. Golubchik
Krikor J. Meshefejian
Reorganization Counsel for
