Chrysler Corp. v. Monroeville Dodge, Ltd. (In re Monroeville Dodge, Ltd.)

MEMORANDUM OPINION

BERNARD MARKOVITZ, Bankruptcy Judge.

Chrysler Corporation (hereinafter “CC”) has brought a motion seeking payment of its chapter 11 administrative claim and permission to satisfy the claim pursuant to a provision in an assumed executory contract which authorized CC to “apply” any “credit” due and owing to debtor to any debt owed by debtor to CC.

Debtor does not object to allowance of CC’s administrative claim in the amount requested. It does object, however, to CC’s request to satisfy the claim pursuant to the assumed executory contract. According to debtor, the provision in…