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IN RE COUNTDOWN OF CONNECTICUT, INC.

Bankruptcy No. 5-87-00865, Adv. No. 5-88-0048.

115 B.R. 18 (1990)

In re COUNTDOWN OF CONNECTICUT, INC., Debtor. Joseph A. RIS, Trustee for Countdown of Connecticut, Inc., Plaintiff, v. SOCIETY FOR SAVINGS, Defendant.

United States Bankruptcy Court, D. Connecticut.

June 13, 1990.

Attorney(s) appearing for the Case

Linda M. Young, Day, Berry & Howard, Hartford, Conn., for plaintiff.

Robert U. Sattin, Reid and Reige, P.C., Hartford, Conn., for defendant.

MEMORANDUM AND ORDER ON MOTION FOR SUMMARY JUDGMENT

ALAN H.W. SHIFF, Bankruptcy Judge.

I.

On April 7, 1986, the debtor gave the defendant an unsecured $3,000,000.00 promissory note (the "1986 note") and received a line of credit from the defendant for that amount. On that same date, the debtor and the defendant entered into a "Commercial Revolving Loan Agreement" which specified the terms under which the debtor could draw upon the line of credit...

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