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Re: $b_rich$ post# 2833

Friday, 04/01/2011 12:29:15 AM

Friday, April 01, 2011 12:29:15 AM

Post# of 6691
Confusing for me too

I still don't see if the commons survive.

Maybe this means something:

Global Aircraft Solutions, Inc.
Chapter: 11
Case No. 4:09-bk-01655 JMM
Order Confirming Trustee’s Plan of Reorganization dated August 5, 2009 as Modified


11. Plan Acceptance.
By virtue of the vote record as filed with the Court, and deeming Pamir to have changed its vote to accept the Plan, each impaired Class under the Plan accepted the Plan, except as follows.

Holders of Claims in Class 5 (Intercompany Claims) and holders of Equity Interests in Class 6 shall neither receive nor retain any property under the Plan and, therefore, are conclusively deemed to have rejected the Plan.

12.3. The Plan does not discriminate unfairly with respect to (1) Class 5 because all Intercompany Claims are eliminated as a result of the substantive consolidation; and (2) Class 6 because all Equity Interests are eliminated.


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