TLC Vision Corporation (NASDAQ: TLCV) (TSX: TLC), North America's premier eye care services company, today announced that further to its press release issued on December 21, 2009, the Ontario Superior Court of Justice has granted a recognition order relating to a variety of orders received by the Company from the United Bankruptcy Court for the District of Delaware in its "First Day Motions" filed in conjunction with the Company's voluntary petition under Chapter 11 of the U.S. Bankruptcy Code.
These orders include: approval for the use of $7.5 million of a $15 million debtor-in-possession financing facility; continued payment of wages, salaries and other employee benefits; authority to use the Company's cash collateral; and authority to pay certain critical vendors in full.
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