Laserfiche WebLink
4.4 Class 6. Pursuant to Section 6.3.3 of the Plan, the <br /> sum of $250,000 shall be deposited into the Environmental Account, <br /> as a subfund in the Creditors' Trust, to be used to pay ongoing <br /> costs of Environmental Remediation as such costs are incurred. <br /> Class 6 claimants shall receive no other payment under the Plan, as <br /> holders of administrative claims, general unsecured claims, or <br /> otherwise. <br /> 4.5 Class 8. Each Allowed Claim in Class 8 (general <br /> unsecured claims exceeding $200 but not exceeding $10,000) shall be <br /> paid by the Debtor cash equal to five percent of the Allowed Claim, <br /> on the Effective Date. <br /> 4.6 Class 9. Each Allowed Claim in Class 9 (general <br /> unsecured claims exceeding $10,000) shall be paid by the Creditors' <br /> Trust in accordance with Section 6.2 of the Plan. This treatment <br /> is subject to satisfaction of the conditions set forth in Sections <br /> 7.2, 7.3, and 7.4 of the Plan. <br /> 4.7 Class 10. The Class 10 claims (Pitkin Iron <br /> Corporation) shall be voluntarily subordinated to Class 9 claims <br /> and shall receive or retain nothing under the Plan. This treatment <br /> shall not apply to any Allowed Claim of Pitkin Iron entitled to <br /> administrative priority pursuant to Section 503 of the Code. <br /> 4.8 Class 11. Each claim in Class 11 (Dyrness, Strauss, <br /> Barkers) shall be subordinated to Class 9 claims pursuant to <br /> Section 510(b) of the Bankruptcy Code and shall be paid the sum of <br /> $1.00 by the Debtor. <br /> 4.9 Class 12. The Class 12 claims (Minerals and its <br /> shareholders and subsidiaries) shall be voluntarily subordinated to <br /> Class 9 claims and shall receive or retain nothing under the Plan. <br /> 4.10 Class 13. The Class 13 interest (Minerals) shall <br /> receive or retain nothing under the Plan. Nothing in the Plan <br /> shall alter or affect Mineral's ownership of the Debtor's stock. <br /> ARTICLE V <br /> TREATMENT OF CERTAIN UNCLASSIFIED CLAIMS <br /> 5. 1 Administrative Expenses. The holder of each <br /> Administrative Expense shall be paid by the Debtor in full and in <br /> cash on the Effective Date, except to the extent that the holder of <br /> any such claim has agreed to a different treatment of such claim. <br /> Administrative expenses include, without limitation, (i) fees <br /> payable under 28 U.S.C. S 1930, (ii) all amounts due on post- <br /> petition accounts and contracts, and (iii) professional fees. <br /> 10 <br />