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GENERAL48153
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GENERAL48153
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Last modified
8/24/2016 8:24:02 PM
Creation date
11/23/2007 4:08:28 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1981021
IBM Index Class Name
General Documents
Doc Date
7/1/1997
Doc Name
MODIFICATIONS TO MODIFIED FIRST AMENDED PLAN OF REORGANIZATION FOR THE JOINTLY ADMINISTERED DEBTORS
Media Type
D
Archive
No
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<br />8. Section 7.2(b), beginning with the last sentence of such section, shall be modified to <br />read as follows: - <br />So long as the Benton Estate continues to hold legal title, as <br />provided above, then the Benton Estate shall be deemed for all <br />purposes, the shareholder of Colorado Baseball 1993, Inc., and <br />Colorado Baseball Management, Inc., subject to the right of the <br />Liquidating Tnistee to require that (i) the Liquidating Trustee shall <br />be deemed to hold an irrevocable proxy and power of attorney to <br />act on the Bt:nton Estate's behalf with respect to the Baseball <br />Interests or a.ny of them; (ii) Colorado Baseball 1993, Inc., <br />Colorado Baseball Management, Inc., Colorado Baseball <br />Partnership, 1993, Ltd. shall be deemed ordered in the <br />Confirmation Order to pay over all payments on account of the <br />Baseball Interests as the Liquidating Trustee shall direct and (iii) <br />the Benton Estate shall not sell, encumber or otherwise dispose of <br />any interest un the Baseball. Interests without the express prior <br />written consent of the Liquidating Trustee. To the extent required <br />to effectuate the purposes of this section, the Liquidating Trustee <br />shall tie deemed the' representative of the Estates in regard to the <br />admitlistration of the Baseball Interests. <br />9. Sections 7.2(a) and (b) of the Plan shall be modified by deleting the references to <br />"Colorado Baseball Partnership, 1993 Ltd." and inserting therefore "Colorado Rockies Baseball Cll:b, <br />Ltd." In addition, "1993" stroll be inserted in the name of Colorado Baseball, Inc., so it reads <br />"Colorado Baseball 1993, Inc." <br />10. Section 7.3(a) of the Plan is revised to read as follows: <br />(a) On the first day of the month following the Effective Date Benton shall be <br />discharged pursuant to Section 1141(4) from any debt that arose before <br />Confirmation and shall no longer be deemed debtor-in-possession. The <br />discharge of Benton individually shall not discharge any Estate's Lability on <br />account of a Class 3 Claim treated in accordance with subsection 4.3(b) of the <br />Plan. Any action provided for elsewhere in the Plan to allow title of any <br />Assets to remain in the name of a Debtor following the Effective Date, <br />including the actions contemplated in Section 7.1 of the Plan, shall not delay <br />the effectiven<;ss of the full and complete discharge of Benton pursuant to <br />Section 1141(4). <br />11. Section 7.3(b) of the Plan shall be modified by deleting the word "Businesses" and <br />substituting therefore "Affiliates" and by changing "Entities" to "entities". <br />DN 94556.7 1680 0070"/ <br />-3- <br />
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