1994-02-01_GENERAL DOCUMENTS - C1981017 ‎(3)‎

• Permit No: C1981017
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Date: 2/1/1994
• Doc Name: Case No. 9211658 Debtors Second Amended Plan of Liquidation
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

respect to reclamation or environmental cleanup of the
Mine Site, either by virtue of the Plan or by virtue of
ownership or control of any property of the Debtor by the
Creditors' Trust.
6.3 Distributions from Creditors' Trust. The Creditors '
Trust shall pay property tax claims in Class 1 from the proceeds of
property on which the property taxes are owed, or as necessary to
prevent loss of title to tax certificate holders. The Creditors '
Trust also shall pay the Class 2 Allowed Claim as provided in
Section 4 . 1 of the Plan, and tax priority claims as provided in
Section 5.2 of the Plan. All other Net Proceeds held by the
Creditors' Trust shall be distributed as follows:
6.3.2 Distributions to Class 5. The Creditors' Trust
shall distribute Net Proceeds to Class 5 (reclamation
claims) until the amount distributed satisfies the
requirements of Section 4.3.2 of the Plan.
6.3.3 Distributions for the Benefit of Class 6. The
Creditors' Trust shall reserve the sum of $250,000 to pay
ongoing costs of Environmental Remediation (Class 6
claims) . Such funds shall be disbursed by the Creditors'
Trustee as such remediation is required.
6.3.1 Distributions to Class 9. The Creditors' Trust
shall distribute Net Proceeds to Class 9 (general claims)
until the amount distributed is equal to five percent of
all Allowed Claims in Class 9.
6.3.4 Priority of Distributions Among Classes 5 6, and
9. Each distribution of Net Proceeds from the Creditors'
Trust shall be made as follows: 69% to Class 5
reclamation claims, 8% to Class 6 environmental claims,
and 23% to Class 9 general unsecured claims.
6.3.5 Distributions to Class 4. The balance, if any, of
the Net Proceeds in the Creditors' Trust remaining after
the distributions required by Section 6.3 of the Plan,
shall be distributed to the Class 4 Allowed Claim of
Sanwa.
6.3.6 Accumulation of Funds. As cash is paid into the
Creditors' Trust, the Creditors' Trustee shall not be
required to immediately distribute such funds, but, to
the extent permitted by the Creditors' Representatives,
may accumulate funds for periodic distribution in order
to avoid expenses associated with insubstantial
distributions.
6.4 Executory contracts. The Debtor assumes the
following leases or executory contracts: (i) the M&E Contract; (ii)
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