UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO 

---------------------------------------------------------------x 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al., 

 Debtors. 1

---------------------------------------------------------------x 

PROMESA 

Title III 

No. 17 BK 3283-LTS 

(Jointly Administered) 

ORDER GRANTING MOTION FOR ENTRY OF 

A THIRD ORDER EXTENDING TIME TO ASSUME OR REJECT 

UNEXPIRED LEASES OF NONRESIDENTIAL REAL PROPERTY 

UNDER WHICH THE PUERTO RICO PUBLIC BUILDING AUTHORITY 

IS THE LESSOR PURSUANT TO BANKRUPTCY CODE SECTION 365(d)(4) 

Upon the Motion for Entry of a Third Order Extending Time to Assume or Reject Unexpired 

Leases of Nonresidential Real Property Under Which the Puerto Rico Public Building Authority 

is the Lessor Pursuant to Bankruptcy Code Section 365(d)(4) (the “Motion”);2 and the Court 

having found it has subject matter jurisdiction over this matter pursuant to PROMESA section 

306(a); and it appearing that venue is proper pursuant to PROMESA section 307(a); and the Court 

 

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number 

and the last four (4) digits of each Debtor’s federal tax identification number, as applicable, are 

the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits 

of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) 

(Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax ID: 8474); (iii) Puerto 

Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the 

Government of the Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566- 

LTS) (Last Four Digits of Federal Tax ID: 9686); and (v) Puerto Rico Electric Power Authority 

(“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747) 

(Title III case numbers are listed as Bankruptcy Case numbers due to software limitations). 

2

 Capitalized terms used but not otherwise defined herein have the meanings given to them in the 

Motion. 

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having conducted a hearing on the Motion; and all objections to the Motion having been overruled 

or withdrawn; and the Court having found that the relief requested in the Motion is in the best 

interests of the Debtors, their creditors, and other parties in interest, it is HEREBY ORDERED 

THAT: 

1. The Motion is granted as set forth herein. 

2. The deadline of the time for the Debtors to assume or reject any of the PBA Leases 

is extended through and including July 27, 2018, without prejudice to (a) the Debtors’ right to seek 

further extensions as contemplated by Bankruptcy Code section 365(d)(4)(B)(ii), (b) the right of 

any party in interest to object to such requested extensions, or (c) the Debtors’ right to object or 

respond to such objections on the basis that such party lacks standing to object to such requested 

extensions. 

3. Nothing in the Motion or this Order shall be deemed or construed as (a) an 

assumption or rejection of any agreement, contract, or lease pursuant to Bankruptcy Code section 

365, or (b) an admission with respect to whether any of the Debtors’ contracts or leases is an 

unexpired lease of nonresidential real property within the meaning of Bankruptcy Code section 

365(d). The relief granted by this Order shall not affect the Debtors’ rights to assume, assume and 

assign, or reject any PBA Leases. 

4. Except as expressly stated in this Order, nothing in the Motion or this Order shall 

(a) impair or modify the rights and claims of PBA under or related to the PBA Leases under 

PROMESA or applicable law; nor (b) impair or modify the rights or claims of any holders of bonds 

issued by PBA, either directly or as third party beneficiaries, under or related to the PBA Leases 

under PROMESA or applicable law. 

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5. This Court retains exclusive jurisdiction with respect to all matters arising from or 

related to the implementation, interpretation, and enforcement of this Order. 

6. This Order resolves docket entry no. 2494. 

SO ORDERED. 

Dated: March 7, 2018 

 /s/ Laura Taylor Swain 

 LAURA TAYLOR SWAIN 

 United States District Judge 

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