IN RE HQ GLOBAL HOLDINGS, INC.

No. 02-10760 (MFW).

282 B.R. 169 (2002)

In re HQ GLOBAL HOLDINGS, INC., et al., Debtors.

United States Bankruptcy Court, D. Delaware.

August 2, 2002.


Attorney(s) appearing for the Case

Daniel J. DeFranceschi, Esquire, Russell C. Silberglied, Esquire, Etta R. Wolfe, Esquire, Richards Layton & Finger, P.A., Wilmington, DE, Corinne Ball, Esquire, Andrew L. Buck, Esquire, Jones, Day, Reavis & Pogue, New York City, for Debtors.

David M. Fournier, Esquire, Aaron A. Garber, Esquire, Pepper Hamilton, LLP, Wilmington, DE, for Prudential Ins. Co. and Reckson.

Thomas J. Leanse, Esquire, Dustin P. Branch, Esquire, Katten Muchin Zavis Rosenman, Los Angeles, CA, for Prudential Ins. Co.

Richard L. Claman, Esquire, Stempel Bennett Claman & Hochberg, P.C., New York City, for Reckson.

John D. Demmy, Esquire, Stevens & Lee, P.C., Wilmington, DE, for Trizec Holdings, Inc. and Park Avenue Properties, LLC.

Janice Duban, Esquire, Piper Rudnick, LLP, Chicago, IL, for Trizec Holdings, Inc.

Benjamin Hoch, Esquire, Eric M. Kay, Esquire, Dewey Ballantine LLP, New York City, for Park Avenue Properties, LLC.

Maria Aprile Sawczuk, Esquire, Saul Ewing LLP, Wilmington, DE, Robert J. Gage, Esquire, Edward S. West, Esquire, Covington & Burling, Washington, DC, for RREEF Management Co. as Agent for TMT Demonet, Inc.

Derek C. Abbott, Esquire, Morris Nichols Arsht & Tonnell, LLP, Wilmington, DE, Gregg D. Josephson, Esquire, Latham & Watkins, New York City, for 666 Fifth, L.P. and Gateway I Newark, LLC.

Michael P. Morton, Esq., Michael P. Morton, P.A., Wilmington, DE, David N. Ravin, Esquire, Gibbons, Del Deo, Dolan, Griffinger & Vecchione, Newark, NJ, for Mack-Cali Realty, L.P.

David L. Finger, Esquire, David L. Finger, P.A., Wilmington, DE, Deborah J. Israel, Esquire, J. David Folds, Esquire, Piper Rudnick, LLP, Washington, DC, for Carr America Realty Corporation, et al.

Lance T. Eisenberg, Esquire, Lowenstein Sandler, P.C., Roseland, NJ, Counsel for S/K W.V.R. Associates.

Stephen M. Miller, Esquire, Christina M. Maycen, Esquire, Morris James Hitchens & Williams, LLP, Wilmington, DE, for Crescent Brookdale Associates, LLC.


OPINION1

MARY F. WALRATH, Bankruptcy Judge.

This matter is before the Court on the Motions of various Landlords2 for immediate payment of rent for the post-petition portion of March 2002 ("the Stub Rent"). HQ Global Holdings, Inc. and certain of its affiliates (collectively "the Debtors") objected to the Landlords' Motions. For the reasons set...

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