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Full title: FINAL Order (I) Authorizing The Debtor To (A) Pay Certain Prepetiion 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 document(s)9) Order Signed on 5/10/2021. (AJL) (Entered: 05/10/2021)

Document posted on May 9, 2021 in the bankruptcy, 5 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 a final order (this “Final 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. §§ 157 1 2 Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Motion. 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 proceeding and the 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 the Court having entered the relief requested in the Motion on an interim basis [D.I 30]; 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 Final 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. Subject to paragraph 7 of this Final Order, the Debtor is authorized to cash out PTO upon termination of an Employee consistent with the Debtor’s prepetition ordinary course practice or as may be required by state law; provided, however, that nothing herein shall be deemed to authorize the payment of any amounts that are subject to section 503(c) of the Bankruptcy Code; and further provided that nothing in this Final Order shall prejudice the Debtor’s ability to seek approval of relief pursuant to section 503(c) of the Bankruptcy Code at a later time.Nothing in the Motion, the Interim Order, or this Final Order, nor the Debtor’s payment of claims pursuant to this Final Order, shall be deemed or construed as: (a) an admission as to the validity, extent, perfection, priority, allowabil

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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, 30 & 60 FINAL 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 a final order (this “Final 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. §§ 157 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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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 proceeding and the 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 the Court having entered the relief requested in the Motion on an interim basis [D.I 30]; 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 Final 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 a final basis, as set forth in this Final 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 pay and continue to pay Reimbursable Expense Obligations. 6. Subject to paragraph 7 of this Final Order, the Debtor is authorized to cash out PTO upon termination of an Employee consistent with the Debtor’s prepetition ordinary course practice or as may be required by state law; provided, however, that nothing herein shall be deemed to authorize the payment of any amounts that are subject to section 503(c) of the Bankruptcy Code; and further provided that nothing in this Final Order shall prejudice the Debtor’s ability to seek approval of relief pursuant to section 503(c) of the Bankruptcy Code at a later time. 7. Notwithstanding anything contained in this Final Order, the Debtor shall not pay any Prepetition Workforce Obligations or PTO in excess of the limitations set forth in sections 507(a)(4) and 507(a)(5) of the Bankruptcy Code. 8. 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 Final Order, whether presented prior to or after

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the Petition Date, provided that sufficient funds are available in the applicable amounts to make such payments. 9. 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. 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. Nothing in the Motion, the Interim Order, or this Final Order, nor the Debtor’s payment of claims pursuant to this Final Order, shall be deemed or 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 Final 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 Final Order nor any payment of any Employee pursuant to this Final 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.

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12. Payments made pursuant to this Final 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 shall retain the sole discretion whether to pay any claim that the Court authorizes under this Final Order. 13. Notwithstanding any other provision of this Final 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). 14. The contents of the Motion satisfy the requirements of Bankruptcy Rule 6003(b). 15. Notwithstanding Bankruptcy Rule 6004(h), the terms and conditions of this Final Order are immediately effective and enforceable upon its entry. 16. The Debtor is authorized to take all actions necessary to effectuate the relief granted in this Final Order in accordance with the Motion. 17. This Court retains jurisdiction with respect to all matters arising from or related to the implementation, interpretation, and enforcement of this Final Order. J. KATE STICKLES Dated: May 10th, 2021 UNITED STATES BANKRUPTCY JUDGE Wilmington, Delaware

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