UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

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In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT

BOARD FOR PUERTO RICO,

 as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

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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

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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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 September 25,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.

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

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

2

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6. This Order resolves docket entry no. .2494.

SO ORDERED.

Dated: , 2018

San Juan, Puerto Rico LAURA TAYLOR SWAIN

United States District Judge

3

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Document comparison by Workshare 9 on Tuesday, February 20, 2018 10:10:48

AM

Input:

Document 1 ID interwovenSite://DMS/CURRENT/96268289/1

Description #96268289v1<CURRENT> - FOMB - Third Motion to

Extend 365(d)(4) Deadline (Original Order Only)

Document 2 ID interwovenSite://DMS/CURRENT/96268328/1

Description #96268328v1<CURRENT> - FOMB - Third Motion to

Extend 365(d)(4) Deadline (Rev'd Order Only)

Rendering set Standard

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Insertion 

Deletion 

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Moved to 

Style change

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Statistics:

Count

Insertions 2

Deletions 2

Moved from 0

Moved to 0

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Total changes 4

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