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UNITED STATES BANKRUPTCY COURTDISTRICT OF DELAWARE
In re:
CMC, II, LLC,
Chapter I I
Case No. 21-10461(JTD)
Jointly AdministeredDebtorsl
THE LIMITED OPPOSITION OF SHARP BUSINESS SYSTEMS AND SHARPELECTRONICS CORPORATION TO NOTICE OF' PROPOSED ASSUMPTION,
ASSIGNMENT, AND CURE AMOUNTS WITH RESPECT TO CERTAIN EXECUTORYCONTRACTS AND UNEXPIRED LEASES OF THE DEBTORS
Sharp Electronics Corporation and its division, Sharp Business Systems (collectively,
oo&ru,") files this Limited Opposition to Notice of Proposed Assumption, Assignment and Cure
Amounts with Respect to Certain Executory Contracts and Unexpired Leases of the Debtors
("Cure Notice"), by and through undersigned counsel, and in support thereof, respectfully states:
1. On March 11,2021, CMC II, LLC and its affiliates, as debtors and debtors-in-
possession (collectively, "De!!q!,") each filed a voluntary petition for relief pursuant to the
United States Bankruptcy Code (11 U.S.C. $$ 101, et seq.) in the United States Bankruptcy for
the District of Delaware.
2. On March 11,2021, the Debtors filed a motion seeking, among other relief, the
establishment of procedures for the assumption or assumption and assignment of executory
contracts.
I The Debtors in these chapter l1 cases, along with the last four digits of their respective tax identification nurnbers,are as follows: CMC ll, LLC (6973), Salus Rehabilitation, LLC (4037),207 Marshall Drive Operations LLC (8470),803 Oak Street Operations LLC (3900), Sea Crest Health Care Management, LLC (2940), and ConsulareManagement Company, LLC (5824).
Case 21-10461-JTD Doc 540 Filed 09/13/21 Page 1 of 10
3. By Orders dated May 3,2021
the proposed procedures for the assumption
contracts.
and May 28,2021, the Court approved, inter alia,
or assumption and assignment of executory
4. On September 1, 2027, the Debtors filed a motion seeking approval of a global
settlement between the Debtors and, among others, the United States, the Official Committee of
Unsecured Creditors, Angela Ruckh and CPSTN Operations LLC ("CPSTN") to approve an
updated sale transaction.
5. Pursuant to the updated sale transaction, the Debtors propose to, inter alia,
assume and assign certain executory contracts and unexpired leases and assign them to CPSTN
or a designee of CPSTN.
6. On September 2,2021, the Debtors mailed the Cure Notice to Sharp. By virtue of
the Cure Notice, Debtor CMC, II, LLC proposes to asslrme the following leases and contract
(collectively, "$BS Aqreements") with Sharp Business Systems, to and assign them to its
designee, Pourlessoins, LLC:
ID No. Description of Contract or Lease
t.323 Central Park-Value Lease Agreement
1.324 CHC St. Pete-Value Lease Agreement
t.325 Hillcrest Value Lease Agreement
1.326 Manor Penn Value Lease Agreement
1.327 Service Agreement-Printer Maintenance
2
Case 21-10461-JTD Doc 540 Filed 09/13/21 Page 2 of 10
1.328 CHC St. Pete-Value Lease Agreement
1.329 Hillcrest Value Lease Agreement
1.330 Manor Penn Value Lease Agreement
7. Sharp does not object to the assumption by Debtor CMC II, LLC of the SBS
Agreements, but obiects to the proposed cure arnount. The Debtors propose to cure all financial
defaults under all of the SBS Agreements with a single payment of $8,820. That sum will not
satisfy the total amount due under the SBS Agreements.
8. As set forth in the schedule attached hereto as Exhibit A, the sum of $12,376.11
remains due and owing for pre-petition charges due with respect to the SBS Agreements.
9. As set forth in the schedule attached hereto as Exhibit B, the sum of $88,678.58
remains due and owing for post-petition charges due with respect to the SBS Agreements.
I 0. In sum, the payment of $ 101 ,054.69 is necessary to cure the financial defaults of
CMC II, LLC on the SBS Agreements. Upon request, Sharp will provide the Debtors with
copies of the invoices summarized on Exhibits A and B hereto.
1 l. Sharp does not object to the assumption of the Non-Disclosure Agreement
identified as L331 on Exhibit A to the Cure Notice and its assignment to Pourlessoins, LLC and
further does not object to the stated cure amount of $0.00
Case 21-10461-JTD Doc 540 Filed 09/13/21 Page 3 of 10
WHEREFORE, Sharp objects to the assumption of the SBS Agreements unless the
Debtors or Pourlessoins, LLC pays the full cure amount of $101 ,054.69.
Dated: September 13,2021 GrsnoNs P.C.
By:/s/ Natasha M. SonsonugaNatasha M. Songonuga, Esq. (DE Bar #5391)300 Delaware Avenue, Suite 1015Wilmington, DE 19801-1671Telephone: (302) 518-6324Facsimile: (302) 429 -6294E-mail : [email protected]
-and-
David N. Crapo, Esq.One Gateway CenterNewark, New Jersey 07102-5310Telephone: (973) 596-4523Facsimile: (97 3) 639 -6244E-mail : dcrapo@ gibbonslaw.com
Attorneys frtr Creditor, Sharp ElectronicsCorporation
4
Case 21-10461-JTD Doc 540 Filed 09/13/21 Page 4 of 10
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Case 21-10461-JTD Doc 540 Filed 09/13/21 Page 9 of 10
UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
In re:
CMC, II, LLC,
Debtors1.
Chapter 11
Case No. 21-10461 (JTD)
Jointly Administered
CERTIFICATION OF SERVICE
1. I, David N. Crapo, certify that I am not less than 18 years of age and not a party in
this matter.
2. On September 13, 2021, I caused to be electronically filed and served through the
Court’s CM/ECF system the following documents on all parties who have electronically entered a
notice of appearance by means of the Court’s CM/ECF System, including but not limited to
counsel for the Debtors, counsel for the Official Committee of Unsecured Creditors, counsel
CPSTN Operations, LLC and the Office of the United States Trustee:
• Limited Opposition of Sharp Electronics Corporation and Sharp Business Systems to Notice of Proposed Assumption, Assignment and Cure Amounts with Respect to Certain Executory Contracts and Unexpired Leases of the Debtors.
I certify that the foregoing statements made by me are true. I am aware that if any of the
above statements are false, I am subject to punishment.
Dated: September 13, 2021 /s/ David N. Crapo David N. Crapo, Esq.
GIBBONS P.C. One Gateway Center Newark, New Jersey 07102-5310 Tel. 973-596-4523 Fax. 973-639-6244 E-mail: [email protected]
1 The Debtors in these chapter 11 cases, along with the last four digits of their respective tax identification numbers, are as follows: CMC II, LLC (6973), Salus Rehabilitation, LLC (4037), 207 Marshall Drive Operations LLC (8470), 803 Oak Street Operations LLC (3900), Sea Crest Health Care Management, LLC (2940), and Consulate Management Company, LLC (5824).
Case 21-10461-JTD Doc 540-1 Filed 09/13/21 Page 1 of 1