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have no rig he co voce ac any meeting, and cne presence or abse nee <br />of an ex~of [i cio member shall not be counted !n decermtnvng <br />rnecher a quorum o! [he Reorganized Creditors' Commie tee ie <br />prey enc. <br />?. Heerinax of Reoraani zed tredl mre• Cnmmirtee, The <br />Reorganized Creditors' Comml tees snail meet ac such times Buu ac <br />ouch pieces es the Reorganized Creditore' Committee shall <br />determine Lrom came to time. She Reorganized Cred icore' <br />Committee shall have the right to adapt, modlLy, and repeal rv lee <br />and bylare regarding the calling of meecinga, the canner in rhich <br />voce ce 18 given, the presence of • quorum, and ocher matters <br />affecting the internal 9ovsinanes of the Reorganized Creditors' <br />Committee, <br />Any member of the Reorganized Creditore' Committee may apply <br />[o the Cou r[ [or revier o[ conLirnacSOn aL any decision o! the <br />Reorganlzetl Cred![ora' Committee. <br />~. Dutlee apd Rig ~Ons lbillr ie_• of Rea[aanigw Cr!,flitore, <br />rommlrree, Tne husines^ and aLfalre of each of cne Rco rga nlzed <br />Debcore and their estates shall be governed under the direction <br />of the Reorganized Creditors' Committee, and the Rearganize0 <br />Creditors' Commi [tee shall be Sn lieu oL any Corm or requl cements <br />of corporate governance Olccated by applicable ace to lac. None <br />of the Reorganized Debtors shall have a soa:d of Directors or <br />aha reholders, nor shall •ny of the Reorganized Debtors ha va <br />otticer^ except a• the Reorganl :ed Creditors' Committee snail <br />determine. <br />l'he duty of [he PeD rga nvze0 Ct editors' Committee, in Ste <br />ca pacify ae thr governing body OI cne Reorganl and De b:or., s.^.a:; <br />ba ro carry out the teems of the Plan. Ntchout limits ng the <br />generality o[ the dutfea of the Reorganized Creditors' Commv[cee, <br />chv Reorganized Cred It ore' Committee shall be responsible for lil <br />the p wpa ration end Ivl ing of all appltca b]c tax re[u rns tot the <br />DeDC Ora and [he Reorganized Debt ore; It i) ree Diving any federal, <br />state or local [az issues: t!!il making all necessary decisions <br />concerning the resolution of claims Against any o! the Debtors or <br />the Reorganized Dabc ors ,, claims node by any o[ [he Debcore or the <br />peorgeniied Debcore, end any other 11[igac ion alLeccing any oI <br />the DeDCOre or [he Reorganized Debt ore; Itvl Iiquida[fng [he <br />p roper[ te• of the ee ute• of the De be or• or the Reorganized <br />DeDC Ore not sold co Ner CFaI or of nor pa rt trx prior co the <br />Clluct lve Dale: Ivl consummU ng lhv 6.J r lu N••r CFL1; Ivi) <br />take ny all neceeea ry act ton [o caner a nt und,, u1 termination of <br />the Notr COne ribueory Prnu on Plan, utcl ud:ny the pure nave of <br />annurt te• 1n connectton therertt h; rotu adro uu st Bring she luntls <br />of the Reorganlzetl DrDt ore and mtz utg dt ctetone rith respect to <br />d U[retlovary use of the tund• Ol the Reorganized Debcore; Ivtttl <br />rmking dte[rlbut ton• [o Cred n or^ pu reuanc to the Plan; 11x1 <br />aeon n ng ttNC. fn •ccortla nee rttn the Plan. •proport tonately <br />equtvalen[ wlue• vtth ree pect to cash and the 10 year tleterrrd <br />et ock payme nc a! Oreqon Steel Mills at o:x is Otstribu[e0 co <br />boldera of clafma to Cl uee• IlA and I: b, and lal liquldat vng <br />each of the Peorgantxrd De bt ore and all of three assets. <br />.Z. l <br />