Singer Furn_Correspondence Regarding Singer Bankruptcy Filing-OCR

£00 'd
William R. Miller, Esq.
December 3, 1999
Page2
I look forward to hearing from you.
CLW:Jbs
Enclosure
cc: Mr. R. Brock Qualls
Stephen D. Williamson Esq.
Paul J. Huff Jr., Esq.
Mr. Torn Robertson
Ms Jill Burton
Ms. Kathleen z. Lawson
Mr. Craig Ehde
( W·\i~ns~ct\6574\ 18\00662075.0QC I
lil::N I t<Y LUCKt
RAKES & MCDRE
Very truly yours,
GENTRY LOCKE RAKES & MOORE
~-(~
Charles L. Williams
89r6 £86 0H:131
l
.~ -
900 "d
after a period du.ring which third pl:II'ties have had fill opportunity to seek wormation
and enter into di&cussions or negotiatiollS witb the Pebioni, concemillg a $al.e for tbe
Propetries.
D. The Debtors and tbt .Purclw.sers have excc:uted asrements for
the Sale and ~hiue of Properties, wlueh agree~nts ~an.ached to the Motion as
Exhibits A and B (logot.b.er with the Amendments and orhe:r related closmg docu•
131ents, the "A~ement~") pu.l'WOmt 'CO which th.¢ Dl!btot'$ l\gl'eer,J to 'SJ:lt ~Pm~
to the Purchas~ for an ~~gare-purchase price of S3, 700,000.
E. Tue Agm:m~ constiMc valid and binding con~ts bt:tweeu
t:be Debtors and Pu.n:basers.
F. Pu.rcha:im and the Oebto.rs engaged in good mm, arm's-l~gtb
nt:sotiation~ prior to entering into the A~emcmts.
0. .Purch~m wi:re represented by cou?iscl of their choo3ing .
.H. Ptachas~ ate thitd-pany ~st:r.s, unrelated to the Debtoni.
Neither ofrhe Purchasers are a :iu.cce:asor in interest to the Debtors.
I. Purchasers are each a "good faith" purchasi!< as such tel'Jll IS
~ea iu section 363(m) o!w .Bankruptcy Code.
J. No agrecmentS prohibited by sectioD 363(n) of the Bankruptcy
Code exi!ts with zespecr 10 Pmchasc:N.
3
89~6 £86 Or~:131 W1SS3)1¥~ ·3~~01 'Ull\30 IC: 91 I IH:J I 66 .£0 -·~30
600 'd
6. lbd Di:btots and t~ offit:m, ~ployees and agenr.s are
authorized to perform all of their obligation!, take w~ver actiClll.S necessary, IUlt1
issue, exocute ~ deli"IO'f whlrt~~ documents, de::eds IUld hilu of sale as may be
nec.:~:s:sacy or appropriate to itnplement and effectuate the ~cmts in ziecord.ance
with tb.e TC?m6 of this OWt!:-.
7. tn accordance with section l 146(c;) of~ Bmi.krupiey Cod.e, i,he
sale an4 eo;iveymice ofthr: PropeTties Jo Pw."obasc:ni i~ hmby eite=pt frcin the
imposition and payn:ient of any Stalllp tax, transfer tax a: similar tax. imposed by any
law.
8. Each and cver:t ftdentl, mtt and lJlcal govemment agency or
~arunem is hereby clincted to accept atiy and all documt:nts and tnStru.:i:o~;:its
necessary or aPPropriate 10 consununate the sale ofilie J>.roperties, all without
mlposirion and pzyme:nt of aoy stamp WI., ntn:sfer uu, or sitllila.r we, pllt'l1U21lt to
sectiOn 1146(cJ of the Bankruptcy Code. ~ regisuar or~corder of Clt!t!~ (or other
similar recording ab'ellCY} is hereby dim=te4 to aceep1 and include a eertified copy of
rhi~ Order along with any other appropriate conveyan:e documems used to r~rd
and index the traJl.Sf.er o{ thi: Propinti.e! m th~ .:pp;opria!C pu.bHt:i records.
9. Thi~ O~r ~d th~ Agreemems shall be bituiing upon. and inure
to the benef t of, the Debt PT'S Md ?utehase:s, and their ~ivc successorn and
astiigllll, including, without limiwion1 any chapter 11 U'llSlee beremafter appointed for
89t6 £86 Ot~:131 K~S3~¥N '3~001 ',HiH3D £(:91 llN3)66 .£0-·~30