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1993-01-18_GENERAL DOCUMENTS - C1981017 (2)
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1993-01-18_GENERAL DOCUMENTS - C1981017 (2)
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Last modified
1/25/2021 1:44:21 PM
Creation date
5/1/2012 10:35:11 AM
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Template:
DRMS Permit Index
Permit No
C1981017
IBM Index Class Name
GENERAL DOCUMENTS
Doc Date
1/18/1993
Doc Name
Case No. 11658 Debtors Second Amended Plan of Liquidation
Permit Index Doc Type
General Correspondence
Media Type
D
Archive
No
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DRMS Re-OCR
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Signifies Re-OCR Process Performed
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6.2 . 1 Pur-»ese-ef Ggeditegs I Tr%st. The-ELediter-s—Trust <br /> shall liquidate its &69e-ts aflid (1) faake—Limited- e ssh <br /> tEaaBfers to the Envir-eam za! Trust as—Pr-ev4ded--by <br /> Seetlen 6.2 . ef the- Plant , ; ; , ate- he f---ed <br /> a; s t r==blurs t e the Glass 2--e l apt and—ta3f per er_jty <br /> eaims,e-g.r-ev=ded by See-tiens 4. 1 ands .2-e€ the Plan-* <br /> and (1 ) divide all .. Net--Prreeeeds between—the <br /> Glass 4--elaim--((Sanwa) and Glass—9—elaims—(qeneEal <br /> e its ee u E e d-)--as set-€e Eta--he`Fei-ar <br /> 6.2 .2:1 Property Transferred into or Controlled by the <br /> Creditors' Trust. On the Effective Date, the following <br /> property shall be transferred into the Creditors ' Trust: <br /> (i) all cash of the Debtor, <br /> :....... .. ::.:.:....::... ..... <br /> byater:: iaymrits2e;siirisegti red>under section 6. 1 of <br /> the Plani. ; aiicT" � ) r aIT'.choses..- n action; including all <br /> avoidance powers of the Debtor arising under the <br /> Bankruptcy Code. In addition, on the Effective Date, the <br /> Creditors' Trustee shall be given an irrevocable power of <br /> attorney vesting the Creditors' Trustee with full aid <br /> �i� S ve power and authority to convey title to thii <br /> following property: (i) the Mine Site; (ii) the <br /> Carbondale Industrial Park; (iii) the Coke Oven Property; <br /> (iv) the Fabrication Shop; { : 'A: e': sit:: ry :: : <br /> (-Iv�:) all equipment; and vi . aYI otier "°'rea�` "and <br /> personal property of the Debtor, excepting only (a) the <br /> Rockdust Plant, which is to be disposed of as provided by <br /> Section 4.3- of the Plan; iUid (b) the Marblehead Quarry, <br /> which is to fie abandoned pursuant to Section 6.4 of the <br /> ••`' ^-- -Q Leh =s tee <br /> P and--a�rd Fermi the �:=e ��e� ^e��, � <br /> administeEed as 'ded-by Seetlen 6.3 .rem}e PI&A <br /> fi:..........:.,..:: .,:::r.;.,.:.: <br /> :%: >;:; ::k <::,'.. .•r.:;}:?>hA:N<.�:<v; ,.>:> K::. .<v:: ?:h::..::,.,,.k.:vr.,.r..:>.::..w <br /> rar�eferre >:�.i"`tcR-l" or, <br /> Properly"Y tzansf erred <br /> pursuan 'Creditors' --Tru-stee's power of attorney <br /> shall be transferred free and clear of liens and claims <br /> to the extent permitted by Section 363(f) of the <br /> Bankruptcy Code, except for the statutory lien of real <br /> property_taxes. g"°siic <:< ranses='°'`> �' >: ::` :`: <br /> ??�?q:?o?• }t: <:>.::t::?a<; ram. d <br /> sFt <br /> bxxiP Net Proceecl:s of <br /> property sold �y tfie Creditors'` Trustee pursuant to his <br /> power of attorney shall be retained by the Creditors' <br /> Trust and distributed in accordance with the provisions <br /> of the Plan �r <br /> :..w.i}•:.,.,,..;r.}wq..,; +wx.4}�:%. +:HHti:}f.::,,:vn:.ii:}::.:{.•. <br /> : <br /> �'���•a�e!%`>: "�„}'c::3i:is��,%.d3:1�`��`•p.'.tr3.t'.'1X1.t <br /> Ls::E SSA::::••`:• ��': <br /> t .e eeby.<;;"cena <br /> -13- <br />
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