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1993-12-01_GENERAL DOCUMENTS - C1981017 (3)
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1993-12-01_GENERAL DOCUMENTS - C1981017 (3)
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Last modified
1/31/2021 7:34:10 AM
Creation date
4/30/2012 11:29:07 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1981017
IBM Index Class Name
GENERAL DOCUMENTS
Doc Date
12/1/1993
Doc Name
Debtor's 1st amended plan of liquidation
From
US District Court
To
Mid-Continent Resources, Inc.
Permit Index Doc Type
General Correspondence
Media Type
D
Archive
No
Tags
DRMS Re-OCR
Description:
Signifies Re-OCR Process Performed
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4.-2-.3 Ta3Ees . Prreper-ty transferred to the <br /> G ed1te3=s—E-Pr-o-st Shallhesubjeet-te real and-persena-1- <br /> ty tames, whieh shall bib paid at the time of sale <br /> e€-the pEepeEty, as a east of sales-eEat sueh eaElier <br /> time as might be deemed advisable ice-the-dleeEeties= <br /> the TEus-tee-. <br /> tEansfeyed-ta the EEediteEel T-Etrot shall - tr1e-€erg <br /> free and-elearr of liens and-elaims, eizeept-ferthe <br /> stateteEylien ef real pr-eper-ty-ta3Ees. <br /> 6.2.5:3 Administration of Creditors' Trust. The <br /> Creditors' Trust shall be administered by a Creditors'; <br /> Trustee, _ppe nted r•--stunt to Seetien 112-3-(a)�` 6f tb•e <br /> Gede, and supervised by two Creditors ' <br /> Representatives. <br /> (i) One Creditors' Representative shall be <br /> selected by Sanwa, and the other shall be selected <br /> by the effieial GEediteEe ' Ge t€ee-appelated--in <br /> the Gas th ee>lei � s ... I <br /> 'vv'•:ri::is ii::ti:t iJi::4:is?.. .:n.:.::i;:4:::Gi:itiJu::iC;4:v:i:^$ii'rii:.i•:i:•}ti{.}in:::i:LN::itiiti <br /> (ii) The C3esye<< Trustee shall be selected by <br /> the and may be removed <br /> by the Creditors' Representatives in the exercise <br /> of their reasonable discretion. <br /> (iii) The Debtor offers to have Louis M. LaGiglia, <br /> the Debtor's Vice-President and Treasurer, and a <br /> Certified Public Accountant, serve as Cre�itdrs' <br /> Trustee. If the Creditor Representatives-S'6` :ect <br /> Mr. LaGiglia to serve as Trustree, he shall serve <br /> without compensation. <br /> (iv) If both Creditors' Representatives wish to <br /> have an individual other than Mr. LaGiglia serve as <br /> Crt 's s: Trustee, then, unless otherwise agreed <br /> among kt`t ie r is tCr.s'' Trustee and the Creditor <br /> Representatives, the::>" re Zi��s`'• Trustee shall be <br /> entitled to reasonable'"""compensation for services <br /> performed, and such compensation shall be charged <br /> Pro Rata against the distributions to Sanwa and <br /> Class 9. <br /> (v) If one but not both Creditors' Representatives <br /> wishes to have an individual other than Mr. <br /> LaGiglia serve as i ed E. Trustee, then an <br /> -12 <br />
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