Solutia Chemical Co fka SOLUQ

[pkripper]

looks like we are still eligible and the effective date to be early 2008. see bottom

4. Conditions Precedent to the Effectiveness of the Plan
The Effective Date shall not occur and the Plan shall not be consummated unless and until each of the following conditions have been satisfied or duly waived pursuant to the Plan:
(i) The Confirmation Order must (a) be in form and substance reasonably acceptable to the Stakeholders, (b) be consistent with the conditions to the Confirmation Order, and (c) have been entered by the Bankruptcy Court.

(ii) All actions, documents, instruments, and agreements necessary to implement and effectuate the Plan, including the new certificate of incorporation and new by-laws of the Reorganized Solutia and other Plan Documents, shall have been taken or executed and delivered (as applicable), and each agreement shall be reasonably acceptable to Monsanto and the Creditors’ Committee.

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(iii) The Debtors shall have received all authorizations, consents, regulatory approvals, rulings or documents that are necessary to implement and effectuate the Plan.

(iv) The initial boards of directors of the Reorganized Debtors shall have been appointed.

(v) The Debtors shall have entered into the Exit Facility Financing reasonably acceptable to the Creditors’ Committee and Monsanto.

(vi) The Retiree Approval Order shall have become a Final Order.

(vii) If the issuance or distribution of any New Common Stock to Monsanto under the Plan is subject to notification requirements under the HSR Act, any waiting period relating to such notification shall have expired or otherwise been terminated.

(viii) The Disputed General Unsecured Claims Reserve shall have been established and all unliquidated General Unsecured Claims shall have been estimated for Distribution purposes pursuant to section 502(c) of the Bankruptcy Code, disallowed or fixed by an agreement between the Debtors and any relevant Holders of General Unsecured Claims, which agreement shall have been approved by the Bankruptcy Court.

(ix) The Confirmation Order shall have become a Final Order.

(x) The Chocolate Bayou Settlement shall have been executed and shall have received all necessary approvals.

(xi) The Monsanto Settlement Agreement shall have received all necessary approvals.

(xii) The Creditor Rights Offering shall have been fully funded, and from the proceeds of the Creditor Rights Offering, $175 million shall have been used to fund the Retiree Trust (as defined in the Retiree Settlement Agreement) and $75 million shall have been used to fund Funding Co.

(xiii) The order of the Bankruptcy Court, which may be included in the Confirmation Order, approving the Global Settlement shall have become a Final Order.

(xiv) The Equity Committee Adversary Proceeding, including any appeals related thereto, shall have been dismissed or withdrawn with prejudice.

(xv) The Prepetition Indenture Trustee Adversary Proceeding, including any appeals related thereto, shall have been dismissed or withdrawn with prejudice.
Each of the Debtors, Monsanto, Pharmacia (solely with respect to provisions directly affecting Pharmacia), the Prepetition Indenture Trustee (solely with respect to provisions directly affecting the Prepetition Indenture Trustee, the 2027 Notes or the 2037 Notes), the Creditors’ Committee, and the Retirees’ Committee (solely with respect to Section IX.B.12 of the Plan), may waive, with the consent of each of such other parties, one or more of the conditions described above. Solutia currently expects the Effective Date to occur in early 2008.

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