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IN RE HOLYWELL CORP.

Bankruptcy No. 84-01590-BKC-TCB.

71 B.R. 636 (1987)

In re HOLYWELL CORPORATION, et al., Debtors.

United States Bankruptcy Court, S.D. Florida.

March 20, 1987.

Attorney(s) appearing for the Case

Fred H. Kent, Jr., Carlton, Fields & Kent, Jacksonville, Fla., for debtors.

Irving M. Wolff, Holland & Knight, Miami, Fla., for Liquidating Trustee.

Vance E. Salter, Steel Hector & Davis, and S. Harvey Ziegler, Kirkpatrick & Lockhart, Miami, Fla., and Thomas F. Noone, Emmet Marvin & Martin, New York City, for Bank of New York.

Raymond Bergan, Williams & Connolly, Washington, D.C., for Miami Center Limited Partnership.

John W. Kozyak, Kozyak, Tropin & Throckmorton, Miami, Fla., and Albert I. Edelman, Parker, Chapin, Flattau & Klimpl, New York City, for O & Y Equity Corp.

Scott D. Sheftall, Floyd Pearson, Richman Greer Weil Zack & Brumbaugh, P.C., Miami, Fla., for Miami Center Joint Venture.

ORDER ON DEBTORS' MOTIONS FOR PAYMENT OF THEIR "SUPER-PRIORITY" CLAIMS

THOMAS C. BRITTON, Chief Judge.

In January, February and April, 1985, these five related chapter 11 debtors obtained permission under 11 U.S.C. § 364(c) to borrow money to meet operating emergencies. The debt was secured by giving the lenders priority administrative liens. (C.P. Nos. 313, 404 and 492). A total of $4,717,404 was borrowed to complete construction of the Miami Center...

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