Opinion
Case No. 00-CV-00005-DT
May 15, 2001
ORDER APPROVING ESCROW BUDGET
On April 11, 2001, the Finance Committee, pursuant to Article 7.03(e) of the Settlement Facility and Fund Distribution Agreement ("SFA"), and Article 7.4 of the Amended Joint Plan of Reorganization ("Plan"), submitted to the Court the Escrow Budget ("Budget"). The Budget covers the anticipated period of time prior to the Effective Date.
The Court hereby approves the Budget and finds that it is consistent with Articles 7.03(e) and 8.02 of the SFA. Expenditures pursuant to the Budget are in the discretion of the Claims Administrator. Wells Fargo Bank Texas, N.A. as Trustee is authorized to undertake such actions, activities and responsibilities as set forth in the Depository Trust Agreement.
Accordingly, the Escrow Budget is hereby approved nunc pro tunc to April 11, 2001.