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IN RE RESIDENTIAL CAPITAL, LLC

Case No. 12-12020 (MG) Jointly Administered.

508 B.R. 851 (2014)

IN RE: RESIDENTIAL CAPITAL, LLC, et al., Debtors.

United States Bankruptcy Court, S.D. New York.

Signed April 22, 2014.

Attorney(s) appearing for the Case

Shearman & Sterling LLP, Attorneys for Citibank N.A., 599 Lexington Avenue, New York, N.Y. 10022, By: William J.F. Roll, III, Esq. , Fredric Sosnick, Esq.

Kramer Levin Naftalis & Frankel LLP, Attorneys for ResCap Liquidating Trust, 1177 Avenue of the Americas, New York, N.Y. 10036, By: Gregory A. Horowitz, Esq. , Joseph A. Shifer, Esq. , Douglas H. Mannal, Esq.

MEMORANDUM OPINION AND ORDER GRANTING CITIBANK'S MOTION FOR DEFAULT INTEREST AND COUNSEL FEES AND EXPENSES

MARTIN GLENN, UNITED STATES BANKRUPTCY JUDGE

The Bankruptcy Code entitles oversecured creditors to postpetition interest, but the Code does not describe how to calculate it. As an oversecured creditor, Citibank seeks postpetition interest at the default rate governed by its contract (the "Agreement") with two Debtor entities. The ResCap Liquidating...

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