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Quiksilver Objections Filed

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According to the U.S. Bankruptcy Court docket, Industrial Property Fund VII and West County Commerce Realty Holding filed separate limited objections to Quiksilver’s motion for entry of a final order (i) authorizing the Debtors to (a) obtain post-petition financing on a super-priority, senior secured basis and (b) use cash collateral, (ii) granting (a) liens and super-priority claims and (b) adequate protection to certain pre-petition lenders, (iii) modifying automatic stay and (iv) granting related relief.

Industrial Property Fund VII states, “By this limited Objection, Landlord seeks to clarify that, as to the Lease, any lien granted to the Final DIP Order is only lien on the proceeds from any disposition of the Lease and does not grant the DIP Lenders…any possessory interest in or right to the premises that are the subject of the Lease, unless they already had such an interest or right prior to the date of the Debtor’ bankruptcy petitions.”

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