1993-01-18_GENERAL DOCUMENTS - C1981017

• Permit No: C1981017
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Date: 1/18/1993
• Doc Name: Case No. 92 11658 Debtors First/Second Amended Plan of Liquidation
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

(vi) The Creditor Representatives shall be
entitled to reimbursement of actual and reasonable
expenses but otherwise shall serve without
compensation.
(vii) The Creditors ' Trustee, with the approval of
the Creditors' Representatives, may engage legal,
accounting, or other services necessary to the
performance of the Creditors' Trustee's
administration of the Creditors' Trust.
(viii) The Creditors' Trustee shall report in
writing to the Creditors ' Representatives quarterly
regarding the Creditors' Trustee's activities, or
more often to the extent requested by either
Creditors' Representative.
(ix) In the event of resignation of the Creditors '
Trustee or a Creditors' Representative, a successor
shall be selected in the same manner as set forth
above.
6.2.4 Exculpation. Neither the Creditors' Trustee nor
either of the Creditors' Representatives shall be
personally liable to the Creditors' Trust, to the holder
of an Allowed Claim, or to the Debtor or its corporate
affiliates, arising out of any act or omission as
Creditors' Trustee or Creditor Representative, except for
such acts or omissions as shall constitute misfeasance,
gross negligence, or willful disregard of duties. Except
for such acts or omissions, the Trustee and the
Creditors' Representatives shall, from time to time, be
entitled to be exonerated and indemnified by the
Creditors' Trust against any loss, expense, or liability
which they may suffer. Neither the Creditors' Trustee
nor the Creditors' Representatives shall be required to
give any bond or surety for the performance of their
duties and, if so otherwise ordered, shall be entitled to
be reimbursed for the cost of such bond or surety from
the Creditors' Trust.
6.2.5 Liquidation of Assets. The property held by the
Creditors' TrustrFidr: pcsae 't�sv`atorn may be sold
by the Creditors' Trufstee...witliout -fu=trier'"order of the
Court=, but sale of any single item of real or
personal property for a price in excess of $100,000 shall
not be made without the express written consent of both
Creditor Representatives. Notwithstanding the foregoing,
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