1993-10-01_GENERAL DOCUMENTS - C1981017

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6.2 Creditors' Trust. The Creditors' Trust shall be established on the Effective Date in accordance with the following terms and provisions: 6.2.1 Purpose of Creditors' Trust. The Creditors' Trust shall liquidate its assets and (i) make limited cash transfers to the Reclamation Account and the Environmental Trust as set forth hcrcinprovided`...by Section 6.2.7 of : the . Plan; (ii) • make .the fixed distributions:: to the Class . 2 • claim and . tax • priority claims;.: as provided.;by Sections 4.1 and 5.2 of the Plan; ands(iii) 'divide all'remaining Net Proceeds betwe Class 4 claim (Sanwa) and Class 9 claims (general unsecured) as set forth herein. 6.2.2 Property Transferred into or:..Contro le.d_ bythe Creditors' Trust. On.. the. Effective..Date, the. following property. be;.transferred into ..the. Creditors ' ::Trust (i) .. ail :. cash :: - of : `:the debtor, .:to -. the extent: • provided `. by Section 6.11.of the :::pxan ;... and (it) : all -chosen . in action, including a 11 :: avoi danc ° powers - of ::the..: Debtor under:: the • Sankrugtcy' Coder • : In 'adda.t i.on .. on the • Ef f ect ive Date:.;; :the.:::;.Creditnrs' Trustee :'> shall..: be ..'giv�iri`'.:: an irrevocable;, power: :: of<> attorney..._. vesting: the Creditors :•' Trustee with ful :::prewar and :auth ©rity : to. convey title to the . following property challbctrancfcrrcd into Creditors' Trust: (i) the Mine Site; (ii) the Carbondale Industrial Park; (iii) the Coke Oven Property; (iv) the Fabrication Shop; (iv) all equipment; (v) all choccs in action, and (v) all other real and personal property of the Debtor, excepting only (a) the Rockdust Plant, which is to.. be: dispo : ed; o <• as • provided='by Plan; : :(b`)': the 'Marblehead :. Quarry, which is tc <_ ;abar Bonet pursuant:: to: ::::Sect on < ...; 4 f' 'the. Plan; ::at d .'.( Continent Quarry, which is to be administere&as rovided by 3:.2;:.of <:the :- Piartare to bera nsf crrcd to Reclainatiori Account, and (b) such cash as is required to be distributed by thc Dcbtor undcr thc Plan. Property transferred :pursuant . to the :.creditors :Trustee ' s .- power; of attorney : :.$hall; ; be' :transferred. free: and • clear` cf;_:l:iens.:and cla <to: <::the<::eztent °:. perma:t .ed : by:: Secti air ::3 - 63 (f) of `the Baiakruptcy::Code .:: sxcegt „: or: tbe;..sstatutpry .en :: pr operty. taxes ._;::.: filet >.. Proceeds: of.: propert r'.:.sold >. by the Creditors' Tru >pursuant': ha.s: :,.power:: *Of... attorney shall: :.be.. retained 'bythe -Creditors ! ..Trust and distributed in accordancewi:th: