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IN RE PRIME MOTOR INNS, INC.

Bankruptcy Nos. 90-504-BKC-AJC, 91-37-CIV-KLR.

130 B.R. 610 (1991)

In re PRIME MOTOR INNS, INC., et al. Debtors. FIRST FIDELITY BANK, N.A., New Jersey, as Indenture Trustee, and Manufacturers Hanover Trust Company, Appellants, v. PRIME MOTOR INNS, INC., and Prime Management Co., Inc., Appellees.

United States District Court, S.D. Florida.

July 30, 1991.

Attorney(s) appearing for the Case

Robert A. Soriano of Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tampa, Fla., Melvyn L. Cantor, Mark Thompson, Jay S. Handlin, I. Scott Gottdiener of Simpson Thacher & Bartlett, New York City, for Mfrs. Hanover Trust.

David M. Levine of McDermott, Will & Emery, Miami, Fla., Dennis J. O'Grady, Renee M. Bumb, J. Alex Kress of Riker, Danzig, Scherer, Hyland & Perretti, Morristown, N.J., for appellant First Fidelity Bank.

Richard L. Klein, Marc Abrams, Robert M. Saunders, Diana B. Simon, of Willkie Farr & Gallagher, New York City, Stephen D. Busey, Cynthia C. Jackson of Smith & Hulsey, Jacksonville, Fla., for appellees Prime Motor Inns, Inc., and Prime Management Co., Inc.

Bruce E. Clark, T. Truxtun Hare of Sullivan & Cromwell, New York City, David Carter, Kevin C. Gleason of Carter Kinery & Gleason, P.A., Boca Raton, Fla., amicus curiae brief submitted by: the New York Clearing House Ass'n.

OPINION AND ORDER

RYSKAMP, District Judge.

This matter having been brought before the Court for hearing on the 19th day of July, 1991 upon the consolidated appeals of First Fidelity Bank, N.A. as Indenture Trustee and Manufacturers Hanover Trust Company, and upon consideration of the record and of the briefs and oral arguments of the Appellants, the Debtors/Appellees and The New York Clearing House Association, amicus curiae, the Court, for the reasons...

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