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which exists by virtue of guarantees and cross-collateralization <br /> agreements. Minerals, Coal & Coke, and Minerals' other <br /> subsidiaries advise that they would vigorously resist any attempts <br /> to establish such liability. Even if such liability somehow could <br /> be established, all assets of Minerals, Coal & Coke, and Minerals' <br /> other subsidiaries are pledged to secure Sanwa's loans, in the <br /> approximate amount of $22.6 million. <br /> For these reasons, the Debtor believes that dismissal of <br /> its case would yield nothing for general creditors. <br /> VI. CONFIRMATION OF PLAN <br /> A. Hearing on Confirmation <br /> On April 11, 1994, at 1:30 p.m. , a hearing on <br /> confirmation of the Plan will be held before the Honorable Patricia <br /> A. Clark, United States Bankruptcy Judge, in Courtroom F, 721 19th <br /> Street, Denver, Colorado. The Bankruptcy Court shall confirm the <br /> Plan at that hearing only if certain requirements, as set forth in <br /> Section 1129 of the Bankruptcy Code, are satisfied. Any holder of <br /> a claim or interest who believes that the Plan does not satisfy <br /> these requirements may object to confirmation of the Plan. These <br /> requirements are summarized below: <br /> I. Compliance with Bankruptcy Code <br /> The Plan, and the Debtor as the proponent of the Plan, <br /> must comply with applicable provisions of the Bankruptcy Code. <br /> 2. Good Faith <br /> The Plan must be proposed in good faith and not by any <br /> means forbidden by law. <br /> 3. Payments Subject to Court Approval <br /> Any amounts to be paid by the Debtor for services or <br /> expenses in connection with the Debtor's bankruptcy case or in <br /> connection with the Plan must be fully disclosed and be subject to <br /> the approval of the Bankruptcy Court. The Plan provides for Court <br /> approval of such services or expenses; application shall be made by <br /> the persons rendering payment, and disclosure shall be made <br /> regarding the nature and cost of such services at such time. <br /> 4. Disclosure of Management and Compensation <br /> The Debtor must disclose the identity and affiliations of <br /> any individual proposed to serve, after confirmation of the Plan, <br /> as a director or officer of the Debtor or a successor to the Debtor <br /> under the Plan. The appointment to or continuance in office of <br /> such individuals must be consistent with the interests of creditors <br /> 39 <br />