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Full title: INTERIM Order (I) Authorizing The Debtor To (A) Pay Certain Prepetition Wages And Compensation, (B) Maintain And Continue Employee Benefit Programs, And (C) Pay Reimbursable Expense Obligations, And (II) Authorizing And Directing Banks To Honor And Process Checks And Transfers Related To Such Employee Obligations (Related Doc # 9)(related document(s)9) Order Signed on 4/26/2021. (AJL) (Entered: 04/26/2021)

Document posted on Apr 25, 2021 in the bankruptcy, 6 pages and 0 tables.

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Authorizing Banks to Honor and Process Checks and Transfers Related to Such Employee Obligations (the “Motion”)2 filed by the above-captioned debtor (the “Debtor”) for entry of an interim order (this “Interim Order”), (i) authorizing the Debtor to: (a) pay prepetition wages and other compensation, taxes and withholdings, (b) maintain and continue Employee Benefit Programs, and (c) pay reimbursable expense obligations, and (ii) authorizing and directing the Banks to honor and process checks and transfers related to such employee obligations; all as further described in the Motion; and upon consideration of the First Day Declaration and the record of this Chapter 11 Case; and this Court having found that (i) this Court has jurisdiction over the Debtor, its estate, property of its estate and to consider the Motion and the relief requested therein under 28 U.S.C. 1 §§ 157 and 1334 and the Amended Standing Order of Reference from the United States District Court for the District of Delaware, dated February 29, 2012, (ii) this Court may enter a final order consistent with Article III of the United States Constitution, (iii) this is a core proceeding under 28 U.S.C § 157(b)(2)(A), (iv) venue of this Motion in this district is proper under 28 U.S.C. §§ 1408 and 1409, and (v) no further or other notice of the Motion is required under the circumstances; and this Court having reviewed the Motion and having heard the statements in support of the relief requested in the Motion at a hearing before this Court; and having determined that the legal and factual bases set forth in the Motion and the First Day Declaration establish just cause for the relief granted in this Interim Order; and this Court having found and determined that the relief sought in the Motion is in the best interests of the Debtor’s estate, its creditors and other parties in interest; and after due deliberation and sufficient cause appearing therefor, IT IS HEREBY ORDERED THAT: 1. Nothing contained in the Motion or this Interim Order, nor any payment made pursuant to the authority granted by this Interim Order, is intended to be or shall be construed as (a) an admission as to the validity, extent, perfection, priority, allowability, or enforceability of any claim or any security interest which purportedly secures such claim, (b) a waiver of the Debtor’s or any appropriate party in interest’s rights to dispute the amount of, basis for, or validity of any claim against the Debtor, (c) a promise to pay any claim, (d) a waiver of any claims or causes of action which may exist against any creditor or interest holder, (e) an assumption or rejection of any executory contract or unexpired lease pursuant to section 365 of the Bankruptcy Code, and nothing herein otherwise affects the Debtor’s rights under section 365 of the Bankruptcy Code to assume or reject any executory contract or unexpired lease with any party subject to this Interim Order, (f) granting third-party beneficiary status or b

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 11 ADARA ENTERPRISES CORP.,1 Case No. 21-10736 (JKS) Debtor. Re: D.I. 9 INTERIM ORDER (I) AUTHORIZING THE DEBTOR TO (A) PAY CERTAIN PREPETITION WAGES AND COMPENSATION, (B) MAINTAIN AND CONTINUE EMPLOYEE BENEFIT PROGRAMS, AND (C) PAY REIMBURSABLE EXPENSE OBLIGATIONS, AND (II) AUTHORIZING AND DIRECTING BANKS TO HONOR AND PROCESS CHECKS AND TRANSFERS RELATED TO SUCH EMPLOYEE OBLIGATIONS Upon the Motion of the Debtor for the Entry of Interim and Final Orders (I) Authorizing the Debtor to (A) Pay Certain Prepetition Wages and Compensation, (B) Maintain and Continue Employee Benefit Programs, and (C) Pay Reimbursable Expense Obligations, and (II) Authorizing Banks to Honor and Process Checks and Transfers Related to Such Employee Obligations (the “Motion”)2 filed by the above-captioned debtor (the “Debtor”) for entry of an interim order (this “Interim Order”), (i) authorizing the Debtor to: (a) pay prepetition wages and other compensation, taxes and withholdings, (b) maintain and continue Employee Benefit Programs, and (c) pay reimbursable expense obligations, and (ii) authorizing and directing the Banks to honor and process checks and transfers related to such employee obligations; all as further described in the Motion; and upon consideration of the First Day Declaration and the record of this Chapter 11 Case; and this Court having found that (i) this Court has jurisdiction over the Debtor, its estate, property of its estate and to consider the Motion and the relief requested therein under 28 U.S.C. 1 The last four digits of the Debtor’s federal tax identification number are 8502. The Debtor’s address is 411 E 57th Street Suite 1-A, New York, New York 10022. 2 Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Motion.

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§§ 157 and 1334 and the Amended Standing Order of Reference from the United States District Court for the District of Delaware, dated February 29, 2012, (ii) this Court may enter a final order consistent with Article III of the United States Constitution, (iii) this is a core proceeding under 28 U.S.C § 157(b)(2)(A), (iv) venue of this Motion in this district is proper under 28 U.S.C. §§ 1408 and 1409, and (v) no further or other notice of the Motion is required under the circumstances; and this Court having reviewed the Motion and having heard the statements in support of the relief requested in the Motion at a hearing before this Court; and having determined that the legal and factual bases set forth in the Motion and the First Day Declaration establish just cause for the relief granted in this Interim Order; and this Court having found and determined that the relief sought in the Motion is in the best interests of the Debtor’s estate, its creditors and other parties in interest; and after due deliberation and sufficient cause appearing therefor, IT IS HEREBY ORDERED THAT: 1. The Motion is GRANTED, on an interim basis, as set forth in this Interim Order. 2. The Debtor is authorized, but not directed, to pay and/or honor (including to any third parties that provide or aid in the monitoring, processing or administration of the Prepetition Workforce Obligations, including ADP), in its sole discretion, the Prepetition Workforce Obligations, including any processing costs related to the foregoing that have accrued and remain unpaid (including those amounts that remain unpaid as a result of dishonoring of checks due to the filing of this Chapter 11 Case) as of the Petition Date to or for the benefit of its Employees, subject to an aggregate maximum of $13,650 per Employee for all payments permitted to be made to, or for the benefit of, Employees under this order (including this paragraph), as set forth in sections 507(a)(4) and 507(a)(5) of the Bankruptcy Code.

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3. The Debtor is authorized, but not directed, in its sole discretion, to honor and continue the Employee Benefit Programs, provided, however, that such relief shall not constitute or be deemed an assumption or an authorization to assume any of such Employee Benefit Programs under section 365(a) of the Bankruptcy Code. 4. The Debtor is authorized, but not directed, to pay and/or honor, in its sole discretion, accrued PTO as of the Petition Date to or for the benefit of its Employees, subject to an aggregate maximum of $13,650 per Employee for all payments permitted to be made to, or for the benefit of, Employees under this order (including this paragraph), as set forth in sections 507(a)(4) and 507(a)(5) of the Bankruptcy Code. 5. The Debtor is authorized, but not directed, in its sole discretion, to honor and continue to pay Reimbursable Expense Obligations; provided, that pending a final hearing on the Motion, the Debtor’s authority to pay Reimbursable Expense Obligations which arose prior to the Petition Date is capped at $5,000. 6. The Debtor’s Banks are hereby authorized, when requested by the Debtor, to receive, process, honor, and pay any and all checks and transfer requests evidencing amounts authorized to be paid by the Debtor pursuant to this Interim Order, whether presented prior to or after the Petition Date, provided that sufficient funds are available in the applicable amounts to make such payments. 7. All Withholding Taxes and Obligations are hereby authorized to be paid by the Debtor, through ADP where necessary, in the ordinary course of the Debtor’s business. 8. Nothing contained in the Motion or this Interim Order, nor any payment made pursuant to the authority granted by this Interim Order, is intended to be or shall be construed as (a) an admission as to the validity, extent, perfection, priority, allowability, or enforceability of

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any claim or any security interest which purportedly secures such claim, (b) a waiver of the Debtor’s or any appropriate party in interest’s rights to dispute the amount of, basis for, or validity of any claim against the Debtor, (c) a promise to pay any claim, (d) a waiver of any claims or causes of action which may exist against any creditor or interest holder, (e) an assumption or rejection of any executory contract or unexpired lease pursuant to section 365 of the Bankruptcy Code, and nothing herein otherwise affects the Debtor’s rights under section 365 of the Bankruptcy Code to assume or reject any executory contract or unexpired lease with any party subject to this Interim Order, (f) granting third-party beneficiary status or bestowing any additional rights on any third party; or (g) being otherwise enforceable by any third party. Without limiting the generality of the foregoing, nothing in the Motion or this Interim Order nor any payment of any Employee pursuant to this Interim Order shall be construed as impairing the Debtor’s right to contest the validity, priority, or amount of any Employee’s claim allegedly due or owing to any such Employee, and all of the Debtor’s rights with respect thereto are hereby reserved. 9. Payments made pursuant to this Interim Order are not intended and should not be construed as an admission as to the validity of any claim or a waiver of the Debtor’s rights to dispute such claim subsequently. The Debtor retains the sole discretion whether to pay any claim that the Court authorizes under this Interim Order. 10. Nothing herein shall be deemed to authorize the payment of any amounts which violate, implicate, or otherwise are subject to section 503(c) of the Bankruptcy Code, including, without limitation, bonus obligations or severance obligations. 11. Notwithstanding any other provision of this Interim Order, no payments to, or for the benefit of, any individual Employee shall exceed the amounts set forth in 11 U.S.C. §§ 507(a)(4) and 507(a)(5).

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12. The final hearing (the “Final Hearing”) on the Motion shall be held on May 11 2021 at 11:00 am (EDT). Any objections or responses to entry of a final order on the Motion (each, an “Objection”) shall be filed on or before 4:00 p.m. (EDT) on May 4, 2021, and served on the following parties: ((i) the Debtor, 411 East 57th Street Suite 1-A, New York, New York 10022 (Attn: Daniel Strauss); (ii) proposed counsel for the Debtor, (a) Loeb & Loeb LLP, 345 Park Avenue, New York, New York 10154 (Attn: Daniel Besikof, Esq., dbesikof@loeb.com and Bethany Simmons, Esq, bsimmons@loeb.com), and (b) Gellert, Scali, Busenkell & Brown, LLC, 1201 N. Orange Street, Suite 300, Wilmington, Delaware 19801 (Attn: Ronald Gellert, Esq., rgellert@gsbblaw.com); (iii) the Office of the United States Trustee, J. Caleb Boggs Federal Building, 844 King Street, Lockbox 35, Wilmington, Delaware 19801 (Attn: Joseph McMahon, Esq., joseph.mcmahon@usdoj.gov); (iv) counsel to ESW Holdings, Inc., (a) Goulston & Storrs PC, 885 Third Avenue, 18th Floor, New York, New York 10022 (Attn: Trevor Hoffmann, Esq. thoffmann@goulstonstorrs.com) and (b) Morris, Nichols, Arsht & Tunnell LLP, 1201 N. Market Street, 16th Floor, P.O. Box 1347, Wilmington, Delaware 19899 (Attn: Derek C. Abbott, Esq., DAbbott@MNAT.com); (v) counsel to GlassBridge Enterprises, Inc., The Rosner Law Group, 824 N. Market Street, Suite 810, Wilmington, Delaware 19801 (Attn: Frederick R. Rosner, Esq., rosner@teamrosner.com); and (vi) counsel to the official committee of unsecured creditors appointed in this Chapter 11 Case, if any. In the event no Objections to entry of a final order on the Motion are timely received, this Court may enter such final order without need for the Final Hearing. 13. The requirements set forth in Local Bankruptcy Rule 9013-1(b) are satisfied. 14. The Court finds and determines that the requirements of Bankruptcy Rule 6003(b) are satisfied and that the relief is necessary to avoid immediate and irreparable harm.

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15. The notice requirement set forth in Bankruptcy Rule 6004(a) is satisfied. 16. This Interim Order is immediately effective and enforceable notwithstanding the provisions of Bankruptcy Rule 6004(h) or otherwise. 17. This Court retains jurisdiction with respect to all matters arising from or related to the enforcement of this Interim Order. J. KATE STICKLES Dated: April 26th, 2021 UNITED STATES BANKRUPTCY JUDGE Wilmington, Delaware

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