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IN RE CAFETERIA OPERATORS, L.P.

No. 03-30179 HDH-11.

299 B.R. 384 (2003)

In re CAFETERIA OPERATORS, L.P., et al., Debtors.

United States Bankruptcy Court, N.D. Texas, Dallas Division.

April 21, 2003.

Attorney(s) appearing for the Case

Samuel M. Stricklin, Bracewell and Patterson, Dallas, Texas, for Debtor.

Dennis J. Drebsky, Clifford Chance U.S. LLP, New York City, for Aztex Associates, L.P., and Lynx Properties Corp.

Timothy R. Casey, Gardner, Carton & Douglas, Chicago, IL, David W. Elmquist, Winstead Sechrest & Minick P.C., Dallas, Texas, for Bank One Trust Company, N.A.

Daniel C. Stewart, Vinson & Elkins, Dallas, Texas, for Fleet National Bank, Agent.

Holland N. O'Neil, Gardere, Wynne & Sewell, Dallas, Texas, for Official Committee of Unsecured Creditors.

MEMORANDUM OPINION

HARLIN D. HALE, Bankruptcy Judge.

This case presents two issues which often occur in large Chapter 11 cases — whether a master lease agreement may be rejected as to some, but not all, of the properties subject to the lease, and, if so, what is the effective date for the rejection?

The Debtors are party to a master sublease agreement which covers a number of restaurant facilities. Upon filing their bankruptcy cases...

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