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HomeMy WebLinkAbout0773 Insurance Compa?n_y_, Gerald Cline apFeari.ng for the Receiver and Kt~.~llt4~j, ~N~Ip~K~ Ir~sJiA~~r+~?~ rirr~o+rlbt, al-~/~~•?~t1~~~A.~ir~:. Robert Molnaritappearina for the unsecured creditors' committee) and Rood cause appearing for the makinc- f this order, _ IT IS , on this day of ~ "L:~i, 1980 , / E • I t ORDERED, that the propose~a_le of the Ramada Inn, Oceanside to Triple T Inns of Fort Pierce, a Florida corporation, be and the same is hereby approved: anc'. it is further ORDERED, that this approval i:s conditioned upon there being no default by the debtors herein .between now and closing with regard to the obligations due and owing to Liberty Life - Insurance Company; and it is further ~ - ORDERED, that this appr~val~ s also conditioned upon both the consent of Liberty Life Insurance Company to the sale, which consent is still to be obtained, and upon the execution of such documents as may be requested by s,iberty Life Insurance Company to be executed by the debtors, the purchaser, its parent or affiliated companies, and such other parties, all as may be required by Liberty to protect its ric:nts as against the debtors and the purchaser, and it is further ORDERED, that the appropriate documents with regard to the closing of said sale shall be as appproved by counsel for the - Gad~~e~s(pww~JG debtors and receiver ancj/~ substantially to reflect the transac- • 4 tion in the form as set forth in the azpplication submitted to I the Court; and it is further ORDERED, that the aforement~ oned sale may be closed without the need for further Court~ap~}royal as loncr as said sale complies with the proposed offer as s;:ibmitted and hereby approve and the documents to be executed do n©t impose any.areater -2- 8331 PEE 77:3 3 :=~1