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IN RE HARRINGTON & RICHARDSON, INC.

Bankruptcy Nos. 4-84-00581-G, 4-84-00582-G.

48 B.R. 431 (1985)

In re HARRINGTON & RICHARDSON, INC., Phillips Metallurgical, Inc., Debtors.

United States Bankruptcy Court, D. Massachusetts.

March 6, 1985.

Attorney(s) appearing for the Case

John Siegel, Hale & Dorr, Boston, Mass., for debtors.

Jon D. Schneider, Goodwin, Procter & Hoar, Boston, Mass., for Bank of New England, N.A.

J. Robert Seder, Seder & Chandler, Worcester, Mass., for creditors committee.

Howard B. Lenow, Angoff, Goldman, Manning, Pyle, Wanger & Hiatt, Boston, Mass., for union.

MEMORANDUM ON USE OF CASH COLLATERAL

PAUL W. GLENNON, Bankruptcy Judge.

Before the Court is the Motion to Use Cash Collateral filed by the related debtors, Harrington & Richardson, Inc. (hereinafter referred to as "H & R") and Phillips Metallurgical, Inc. (hereinafter referred to as "PMI"). The debtors seek to use $529,000 of the cash collateral of the Bank of New England (hereinafter referred to as the "Bank"), for the period of March 1, 1985 through...

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