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~. On November 17, 1990, [he Court orderetl that Debtors' <br />cacec, as well as the case o[ Debtors' railroad a[flllat e, The <br />Colorado ~ Wyoming Railway Company, he jointly edmin istered. <br />5. By order antarmd Me[ch 5, 1991, the Court granted <br />Debtors' first motlon~ for extanelon o[ the Exclusive Fllfng Period <br />end Exclusive Acceptance Period to July 5, 1991, and Septembe[ 7, <br />1991, recpectival y. Tha Cour['m prior order prov lded [hat •this <br />order chall be uithou[ prajud ice to the Debtors' right to ceek any <br />further extension of theft excluclve right to ilia a plan or plans <br />of reorganitat ion end obtain accaptancae Gherao t." <br />YHE5FN7 C1RC 0 <br />OF TIIE E%C LUSIVE PERIODS <br />6. Tha ci rcums[encea of these ce sea and of Debtors' <br />businesses remain cuch that Debto[6 ere unable to propose a viable <br />plan of reorganization wit hour first haul ng their pension plan <br />termineted. AS has been the Casa with other 6lmlla rly 51[uated <br />companies In Chapter 11, the time needed [o achieve an effect ivc <br />termination of Deutor6' pension plan has already exceeded the <br />~. In ortler to avoid unnecessary expense, Debtors will not <br />repeat in this motion [ho /acts end arguments se[ forth in their <br />prior motion to estcnd the Esc luslve Pa riode and have no[ filetl a <br />new mcmora nd um of law In support of [ha present motion. The <br />print iples of law governing Cols motion es se[ forth in Debtors' <br />prior memorandum have not cha eyed. Debtors' prior motion (UOCket <br />Number 375), including [ha [dote se[ forth the [elm, and <br />memorandum in support [hereof (Docket Number 376) are <br />lncorpo rated he rain by [hie reterance ae it fully ee[ torch <br />herein. <br />Initial 120-day period in these cases and, Debtors believe, will <br />exceed the current Exclusive Pe riode. <br />a. llDlon Neeotiat ions. Under applicable law, Debtors <br />must nagot late with thm united Staelvorkere o[ America (the •USMA°) <br />concarning to rnlnetlon of the pension plan. Debtors have continued <br />dSscusalons with the USNA (vh lch commenced pce-petition and have <br />continued theraattar) alnca the January 71, 1991, t111nq of [heir <br />prior motion to extend [ha Exclusive Parlods. These dlscussf ons <br />have been poe/tlvs. <br />(1) On February 22, 1991 (an ea tiler date vas <br />precluded 6y the USNA's negotla[lons with US%), Mr. Robert tlreen, <br />Director of Human Pesources o[ CFLI Steel Corporation, and Mr. <br />Hone ld Craft, Cont[oller of CFLI Steel Corporation, met with Mr. <br />Ray McDonald o[ the USNA. <br />(3) Information requested by Mr. Mclbne ld in [hie <br />meeting vas supplied by CFLI on March 71, 1991, along with a <br />written request to meae again very soon. <br />(]) On April 11, 1991, X[. Breen and Mr. Crat[ <br />met with M[. McDonald and with Mr. Paul Mhl tehead, counsel [or the <br />USMA assigned to this case. <br />(a) Atte[ this meeting, on April 39, 1991, CFLI <br />submit tad a letter to [ha USNA requaeting its input on available <br />alto rnatlvas. CFL I's next meet! n9 with the USwA la scheduled for <br />June 5. <br />(5) These meetings and mxchanges of Information <br />and points o[ view have been constructlva and have materially <br />advanced [he ability of [he Debtors and the USwA [o address and <br />~, <br />] ~ <br />