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IN RE CONTINENTAL RESOURCES CORP.

No. 85-1815.

799 F.2d 622 (1986)

In re CONTINENTAL RESOURCES CORPORATION, Debtor. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Appellee.

United States Court of Appeals, Tenth Circuit.

August 22, 1986.

Attorney(s) appearing for the Case

William J. Reifman, of Mayer, Brown & Platt, Chicago, Ill. (James M. Lawniczak, D. Kent Meyers and Ann L. Faford, of Crowe & Dunlevy, Oklahoma City, Okl., with him on the briefs), for appellant.

Stephen J. Moriarty (John P. Roberts with him on the brief), of Edwards, Roberts & Propester, Oklahoma City, Okl., for appellee.

Before LOGAN and BALDOCK, Circuit Judges, and SAFFELS, District Judge.

BALDOCK, Circuit Judge.

This is an appeal from the district court's order affirming an order by the bankruptcy court in the bankruptcy proceedings of Continental Resources Corporation (Continental Resources). For the reasons set forth below, we affirm.

I.

Continental Resources was an oil and gas exploration and development company. It entered into an agreement with Penn Square Bank (Penn Square) in June 1981, to establish a $20 million revolving...

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