2021-01-22_GENERAL DOCUMENTS - C2010088 (3)

Home Browse Search

Case 120-bk-12043 Doc 574-1 Filed 01/13/21 Entered 01113/211138.01 Desc Exhibit 1- Proposed Confirmation Order Page 23 of 69 Case 1 20-bk-12043 Doc 574-1 Filed 01/13/21 Entered 01/13/21 11.38 01 Desc Exhibit 1- Proposed Confirmation Order Page 24 of 69 IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF OHIO IN RE Chapter l l HOPEDALE MINING LLC, et al,' Case No 20-12043 (GRH) Debtors I (Jointly Administered) FIRST AMENDED JOINT PLAN OF ORDERLY LIQUIDATION OF HOPEDALE MINING LLC AND ITS AFFILIATED DEBTORS UNDER CHAPTER /1 OF THE BANKRUPTCY CODE Douglas L LuL, A Webb FROST BROWN TODD LLC 3300 Great American Tower 301 East Fourth Street Cincinnati, Ohio 45202 Telephone (513)651-6800 Facsimile (513) 651-6981 Email dlutzCafbilm corn awebb(.fbtlaw coin Counsel to the Debtors and Debtors -in -Possession Geoffrey S Goodman T Kent Barber (admitted pro lure vice) (admitted pro hat wee) Matthew D Lee BARBER LAW PLLC (admitted pro lrac rice) 2200 Burrus Drive FOLEY & LARDNER LLP Lexington, KY 40513 321 North Clark Street Telephone (859) 296-4372 Suite 2800 kbarbu@@ barberlawky coin Chicago, Illinois 60654 Telephone (312)832-4500 Facsimile (312) 8324700 ggoodman(afoley corn endlee(a;feley tout Counsel for the Official Committee of Unsecured Creditors of Hopedale Mining LLC, et al. i The Debtors in III— Chapter I 1 eases arc (with the last four digits of their federal tax identification numbers at parentheses) Rhino GP LLC (8619). Rhino Resource Partners LP (7517), Rhino Fnergy LLC (6320), Rhino Trucking LLC (8773), Rhino Fxploranoo LLC (9863), Tnad Roof Support Systems LLC (1183), Spnngdelc Land LLC (9816), McClane Canyon Mining LLC (3783), Rhino Northern Holdings LLC (1858), CAM -Ohio Real Estate LLC (1859), CAM -Colorado LLC (4269), Taylorville Mining LLC (5106), CAM Coal Trading LLC (4141). Castle Valley Mining LLC (9495), Jewell Valley Mining LLC (0270), Rhino Services LLC (1356), Rhino Oilfield Smices LLC (89381, Rhino Technologies LLC (0994), CAM Mining LLC (2498), Rhino Coalfield Services LLC (3924), Hopedale Mitring LLC (9060), CAM-Kemucky Real Esiale LLC (9089), CAM -BB LLC (9097), L—ville Land LLC (7794), CAM Arrmft LLC (5467), Pennynle Energy LLC (6095), Rhino Eastern LLC (1457). Rockhouse Land LLC (7702) Case 1.20-bk-12043 Doc 574-1 Filed 01/13/21 Entered 01/13/211138,01 Desc Exhibit 1 - Proposed Confirmation Order Page 25 of 69 Section 6 04 Preservation of Rights of Aebon .. 23 Section 6 05 Closing of Debtors Cases 24 Section 6 06 Operations of the Debtors Between the Confirmation Date and the Effective Date - . 24 Sechon 6 07 Dissolution of the Creditors' Committee 24 Section 6 08 Destruchon of Books and Records . 24 ARTICLE VII TREATMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES 25 Section 7 01 Executory Contracts and Unexpired Leases. .. 25 Section 7 02 Claims Based on the Rejection of Executory Contracts and Unexpired Leases _ 15 ARTICLEVIII PROVISIONS GOVERNING DISTRIBUTIONS 25 Section 8 01 Calculation of Amounts to be Distributed ., 25 Section 8 02 Delivery of Distributions and Undeliverable or Unclaimed Distributions 26 Section 8 03 Compliance with Tax Requirements/Allocations .... 27 Section 8 04 Claims Paid or Payable to Third Parties .. 28 ARTICLE IX PROCEDURES FOR RESOLVING CONTINGENT, UNLIQUIDATED, AND DISPUTED CLAIMS AND EQUITY INTERESTS 29 Section 9 01 Resolution of Disputed Claims 29 Section 9 02 Distribution Reserve Account 30 Section 9 03 Distributions After Allowance 31 Section 9.04 Disallowance of Claims 31 Section 9 05 Amendments .. 31 Section 9 06 No Interest 31 ARTICLE X RETENTION OF JURISDICTION .. .. .. . 32 Section 10 01 Retention of Jurisdiction 32 Section 10 02 Failure of the Bankruptcy Court to Exercise Jurisdiction. .... .. 33 ARTICLE XI SETTLEMENT, RELEASES, INJUNCTIONS AND EXCULPATIONS .. 34 Section I1 01 Debtors Will Not Receive Discharge 34 Section 1102 No Releases by Debtors .. 34 Section 1103 Exculpation and Limitation of Liability 34 Section 1104 Lender Release by Holders of Claims Voting in Favor of Plan. 35 Section 1105 Lender Release by Debtors and Estates .. 36 Section 1106 Injunction .. 36 Sechon 11.07 Setoffs 37 Section 1108 Tenn of Injunctions or Stays 38 ARTICLE XII CONDITIONS PRECEDENT TO CONFIRMATION AND CONSUMMATION OF THE PLAN 38 Section 12 01 Conditions to Effective Date.. .. 38 Section 12 02 Notice of Occurrence of the Effectve Date .. .39 TABLE OF CONTENTS Page ARTICLE I DEFINED TERMS AND RULES OF INTERPRETATION 2 ARTICLE lI CLASSIFICATION OF CLAIMS AND EQUITY INTERESTS 12 Section 2 01 Classification .. 12 Section 2 02 Substantive Consolidation of Debtors for Purposes of Voting, Confirmation and Distribution . .. 12 ARTICLE III TREATMENT OF CLAIMS AND EQUITY INTERESTS 13 Section 3 01 General 13 Section 3 02 Unclassified Claims 13 Section 3 03 Impaired/Voting Classes of Claims against and Equity Interests in the Debtors .. 14 Section 3 04 ImpairedlNon-Vohng Classes of Claims against and Equity Interests in the Debtors 16 Section 3 05 Lender Settlement Contribution Amount, 16 ARTICLE IV ACCEPTANCE OR REJECTION OF THE PLAN .. 17 Section 4 01 Impaired Classes of Claims and Equity Interests Entitled to Vote 17 Section 4 02 Acceptance by an Impaired Class .. 17 Section 4 03 Presumed Acceptance by Unimpaired Class 17 Section 4 04 Presumed Rejection by Impaired Classes 17 Section 4 05 Confirmation Pursuant to Section I I29(b) of the Bankruptcy Code 17 Section 4 06 Elimination of Vacant Classes. 17 ARTICLE V THE LIQUIDATING TRUST .. ....... 18 Section 5 01 Sources of Consideration for Plan Distributions .. 18 Section 5 02 The Liquidating Trust 18 Section 5 03 Liquidating Trust Board . .18 Section 5 04 Appointment and Termination of the Liquidating Trustee 18 Section 5 05 Treatment of Liquidating Trust for Federal Income Tax Purposes, No Successor-m-Interest 19 Section 5 06 Responsibilities of Liquidating Trustee. . 20 Section 5 07 Costs and Expenses of the Liquidating Trust ... .. 21 Section 5 08 Bonding of Liquidating Trustee 21 Section 5 09 Fiduciary Duties of the Liquidating Trustee .. 21 Sechon 5 10 Liability, Indemnification of the Liquidating Trust Protected Parties ,. 21 Section 5 11 Full and Final Satisfaction Against Liquidating Trust ... 22 ARTICLE VI MEANS FOR IMPLEMENTATION OF THE PLAN 22 Section 6 01 Corporate Action 22 Section 6 02 Dissolution and Boards of the Debtors and Officers 22 Section 6 03 Effectuating Documents, Further Transactions 23 Case 1 20-bk-12043 Doc 574-1 Filed 01/13/21 Entered 01/13/21 1138 01 Desc Exhibit 1- Proposed Confirmation Order Page 26 of 69 Section 12 03 Consequences of Non -Occurrence of Effective Date Section 12 04 Substantial Consummation ARTICLE XIII MISCELLANEOUS PROVISIONS .. . Section 13 01 Liquidating Trustee Professionals Section 13 02 Modifications and Amendments . . Section 13 03 Continuing Exclusivity and Solicitation Period Section 13 04 Sevartbdity of Plan Provisions . Section 13 05 Successors and Assigns and Binding Effect. Section 13 06 Revocation, Withdmwal or Non -Consummation Section 13 07 Notices Section 13 08 Computation of Time ... ... Section 13 09 Governing Law Section 13 10 Exhibits Section 13 11 Conflicts .. .... Section 13 12 Exemption Section 13 13 Substitution of the Liquidating Trust for the Debtors 39 39 39 39 .39 40 40 40 40 41 41 41 42 42 42 42