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                                                                   Exhibit 10.53

                         UNITED STATES BANKRUPTCY COURT
                              DISTRICT OF DELAWARE

In re:                                  :
                                        :   Jointly Administered
BORDEN CHEMICALS AND                    :   Case No. 01-1268 (PJW)
PLASTICS OPERATING LIMITED              :
PARTNERSHIP, a Delaware limited         :
partnership, et al.,                    :   Chapter 11
                                        :
                       Debtors.         :

           BRIDGE ORDER AUTHORIZING EXTENSION OF DEBTOR'S OBLIGATIONS
            UNDER A MODIFIED LOAN AGREEMENT WITH BORDEN CHEMICALS AND
                     PLASTICS OPERATING LIMITED PARTNERSHIP

          This matter coming before the Court on the Motion of Debtors and
Debtors in Possession for Authority to Extend the Obligations of Borden
Chemicals and Plastics Operating Limited Partnership Under Modified Loan
Agreement With BCP Management, Inc. (the "Motion"); the Court having heard the
preliminary statements of counsel in support of the relief requested in the
Motion at a hearing held on April 24, 2002 (the "Hearing") at which certain
parties in interest were present; and the Court having determined that the legal
and factual bases set forth in the Motion and at the Hearing establish just
cause for granting on a bridge basis the relief requested in the Motion;

          THE COURT HEREBY FINDS THAT:

          A.   The Court has jurisdiction over this matter pursuant to 28
U.S.C. Sections 157 and 1334.

          B.   This is a core proceeding pursuant to 28 U.S.C. Section
157(b)(2)(M) and (O).

          C.   No objections to the entry of a bridge order were made by any
party in interest present at the Hearing.

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          D.   The obligation of the Debtor to loan money under the original
Loan Agreement expires on April 30, 2002. A sound business purpose exists for
the Debtor to extend its obligations under the Modified Loan Agreement (as that
term is defined in the Motion), pursuant to section 363(b) of the United States
Bankruptcy Code, 11 U.S.C. Sections 101-1330 (the "Bankruptcy Code"). In
addition, the extension of its obligations under the Modified Loan Agreement is
appropriate under Section 105 of the Bankruptcy Code.

          IT IS HEREBY ORDERED THAT:

          1.   The Motion is GRANTED on a bridge basis.

          2.   Capitalized terms not otherwise defined herein shall have the
meanings given to them in the Motion, the Modified Loan Agreement, or the Note
contemplated thereby.

          3.   The terms and conditions of the Modified Loan Agreement, Note,
and Borrowing Certificate are hereby approved on a bridge basis.

          4.   The Debtor is hereby authorized to borrow on a bridge basis up to
$6,000,000 from BCP Management, Inc., in accordance with the terms and
conditions of the Modified Loan Agreement.

          5.   A final hearing on the Motion shall be held on May 23, 2002 at
11:00 a.m. EST. Objections to the Motion shall be filed and served on or before
May 16, 2002 at 5:00 p.m. EST.

          IT IS SO ORDERED.


Dated:  April 30, 2002                        /s/ Peter J. Walsh
                                            ------------------------------
                                            HONORABLE PETER J. WALSH

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