CHECKLIST FOR LENGTHY MOTIONS AND ORDERS PERTAINING TO CASH COLLATERAL AND POST-PETITION FINANCING IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION IN RE: ) ) ) ) ) CASE NO. HEARING: DEBTOR ATTORNEY CHECKLIST CONCERNING MOTIONS AND ORDERS PERTAINING TO USE OF CASH COLLATERAL AND POST-PETITION FINANCING (WHICH ARE IN EXCESS OF TEN (10) PAGES) Motions and orders pertaining to cash collateral and post-petition financing matters tend to be lengthy and complicated. Although the Court intends to read such motions and orders carefully, it will assist the Court if counsel will complete and file this checklist. All references are to the Bankruptcy Code (') or Rules (R). PLEASE NOTE: A*@ A**@ Means generally not favored by Bankruptcy Courts in this District. Means generally not favored by Bankruptcy Courts in this District without a reason and a time period for objections. If your motion or order makes provision for any of the following, so indicate in the space provided: CERTIFICATE BY COUNSEL This is to certify that the following checklist fully responds to the Court=s inquiry concerning material terms of the motion and/or proposed order: Yes, at Page/Exhibit Y means yes; N means no N/A means not applicable (Page Listing Optional) American LegalNet, Inc. www.FormsWorkFlow.com Enter Y, N, or N/A 1. Identification of Proceedings: (a) Preliminary or final motion/order (circle one).......................................__________ (b) Continuing use of cash collateral (' 363) ..............................................__________ (c) New financing (' 364) ...........................................................................__________ (d) Combination of '' 363 and 364 financing ............................................__________ (e) Emergency hearing (immediate and irreparable harm) .........................__________ Stipulations: (a) Brief history of debtor=s businesses and status of debtor=s prior relationships with lender .........................................................................._________ (b) Brief statement of purpose and necessity of financing ............................_________ (c) Brief statement of type of financing (i.e., accounts receivable, inventory)................................................................................................._________ (d) Are lender=s pre-petition security interest(s) and liens deemed valid, fully perfected and non-avoidable ................................................._________ (i) Are there provisions to allow for objections to above?......................_________ (e) Is there a post-petition financing agreement between lender and debtor?......................................................................................................_________ (i) If so, is agreement attached? .............................................................._________ (f) If there is an agreement are lender=s post-petition security interests and liens deemed valid, fully perfected and non-avoidable?..................._________ (g) Is lender undersecured or oversecured? (circle one)................................_________ (h) Has lender=s non-cash collateral been appraised?...................................._________ (i) Insert date of latest appraisal.............................................................._________ (i) Is debtor=s proposed budget attached? ....................................................._________ (j) Are all pre-petition loan documents identified?......................................._________ (k) Are pre-petition liens on single or multiple assets? (circle one).............._________ (l) Are there pre-petition guaranties of debt? ..............................................._________ (i) Limited or unlimited? (circle one) ....................................................._________ Grant of Liens: (a) Do post-petition liens secure pre-petition debts?....................................._________ (b) Is there cross-collateralization?................................................................_________ (c) Is the priority of post-petition liens equal to or higher than existing liens? ........................................................................................................_________ (d) Do post-petition liens have retroactive effect? ........................................_________ (e) Are there restrictions on granting further liens or liens of equal or higher priority?........................................................................................._________ (f) Is lender given liens on claims under '' 506(c), 544-50 and '' 522?....................................................................................................._________ (i) Are lender=s attorneys fees to be paid?..............................................._________ (ii) Are debtor=s attorneys fees excepted from ' 506(c)?........................._________ (g) Is lender given liens upon proceeds of causes of action under '' 544, 547 and 548? ..............................................................................._________ 2. ** ** 3. * * ** ** * ** * Cash Collateral and DIP Financing Checklist Page 2 of 7 American LegalNet, Inc. www.FormsWorkFlow.com Enter Y, N, or N/A 4. Administrative Priority Claims: (a) Is lender given an administrative priority? .............................................._________ (b) Is administrative priority higher than ' 507(a)? ......................................_________ (c) Is there a conversion of pre-petition secured claim to post-petition administrative claim by virtue of use of existing collateral? ..................._________ Adequate Protection (' 361): (a) Is there post-petition debt service? .........................................................._________ (b) Is there a replacement/addition 361(l) lien? (circle one or both)............._________ (c) Is the lender=s claim given super-priority? (' 364(c) or (d)) [designate]....................................................................._________ (d) Are there guaranties? ..............................................................................._________ (e) Is there adequate Insurance coverage?....................................................._________ (f) Other?......................................................................................................._________ Waiver/Release Claims v. Lender: (a) Debtor waives or release claims a