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pension plan termination liability) as well as judgment and <br />execution liens for such obligations. <br />c. Aside from their pension obligations and such <br />debts as will not be paid as of the Petition Date solely as a <br />result of filing their Chapter 11 petitions herein, Debtors are <br />end have been generally current in their payments of their other <br />debts and in the performance o! their other financial <br />obligations. <br />d. As a consequence of their pension <br />obligations, however, Debtors ennnot continue in business without <br />bankruptcy relief and cannot reorganize separately because they <br />each require the same relief concerning such obligations. <br />Debtors intend to reorganize as going concerns, rather than to <br />liquidate. <br />13. There are no guarantees between any of the Debtors <br />as to any unperformed obligations. Although the performance of <br />certain obligations by Pueblo Railroad Service Company under an <br />agreement with Chemetron Railway Products, Inc., is guaranteed by <br />the Railroad, it is the position o! Pueblo Railroad Service <br />Company that all o! its obligations under that agreement (calling <br />for 25,000 welds) have been performed (by providing approximately <br />60,000 welds). <br />16. With one exception involving a 5200,000 letter of <br />credit obtained by CFiI Steel Corporation !or CFiI Fabricators of <br />Utah, Inc., in lavor of Nucor Steel, tto property o! any of the <br />Debtors has been pledged to secure the debts of another. <br />7 <br />