Attachment Re-organization

This document pretains to SES-ASG-20060519-00855 for Assignment on a Satellite Earth Station filing.

IBFS_SESASG2006051900855_502901

SO ORDERED.

SIGNED May 26, 2006.


                                                  a       ¥*

                                             &
                                                    GERALD H. SCHIFF
                                            UNITED STATES BANKRUPTCY JUDGE




                    UNITED STATES BANKRUPTCY COURT
                     WESTERN DISTRICT OF LOUISIANA
                               LAFAYETTE DIVISION

  IN RE:                                     *           CASE NO. 05—52696
                                             te

           SsSOLA COMMUNICATIONS, L.L.C.     *#          CHAPTER 11
              Debtor                         *
                                             *

  IN RE:                                     *           CASE NO.: 05—
  52875
                                             o%




           EMPLOYEE ACQUISITION                          CHAPTER 11
                                             o%




           COMPANY, L.L.C.
                                             o%




               Debtor
                                             %
                                             %




  to       *    *     #e   *       #e   *
                                             *




          ORDER CONFIRMING JOINT PLAN OF REORGANIZATION OF SOLA
        COMMUNICATIONS, L.L.C. AND EMPLOYEE ACQUISITION COMPANY,
         L.L.C., SUBMITTED BY SOLA COMMUNICATIONS, L.L.C., EMPLOYEE
           ACQUISITTION COMPANY, L.L.C., THE OFFICIAL COMMITTEE OF
            UNSECURED CREDITORS OF SOLA COMMUNICATIONS, L.L.C.,
             COMMUNICATIONS FINANCE, L.L.C, AND COMMUNICATIONS
          MEZZANINE FINANCE, L.L.C. UNDER CHAPTER 11 OF THE UNITED
       STATES BANKRUPTCY CODE, IMMATERIALLY MODIFIED AS OF APRIL
                        25, 2006, AND AS OF CONFIRMATION


       On the 23" day of May, 2006, there came on for hearing the confirmation the

JOINT PLAN OF REORGANIZATION OF SOLA COMMUNICATIONS, L.L.C. AND

EMPLOYEE       ACQUISITION         COMPANY,       LLC.,     SUBMITTED         BY    SOLA

COMMUNICATIONS, L.L.C., EMPLOYEE ACQUISITION COMPANY, L.L.C., THE

OFFICIAL      COMMITTEE            OF   UNSECURED          CREDITORS         OF      SOLA

COMMUNICATION®S,          LL.C.,    COMMUNICATION®S           FINANCE,      LL.C,    AND

COMMUNICATIONS MEZZANINE FINANCE, LL.C. UNDER CHAPTER 11 OF

THE UNITED STATES BANKRUPTCY CODE, IMMATERIALLY MODIFIED AS

OF APRIL 25, 2006, AND AS OF CONFIRMATION, the redline version of which,

entered on the docket as entry #476, (the "Joint Plan") was considered by the Court as

the plan before the Court for confirmation. The Joint Plan is an amended version of the

JOINT PLAN OF REORGANIZATION OF SOLA COMMUNICATIONS, LL.C. AND

EMPLOYEE        ACQUISITION        COMPANY,       LL.C.,     SUBMITTED        BY    SOLA

COMMUNICATIONS, L.L.C., EMPLOYEE ACQUISITION COMPANY, LL.C., THE

OFFICIAL       COMMITTEE           OF   UNSECURED          CREDITORS         OF      SOLA

COMMUNICATION®S,          LL.C.,    COMMUNICATIONS            FINANCE,      LL.C,    AND

COMMUNICATIONS MEZZANINE FINANCE, LL.C. UNDER CHAPTER 11 OF

THE UNITED STATES BANKRUPTCY CODE, MODIFIED AS OF APRIL 25, 2006,

(the "April 25" Plan"), and as the Court sets forth below, the modifications within the

Joint Plan are immaterial such that the Joint Plan is an immaterial modification of the

April 25" Plan.    At hearing, counsel for Sola Communications, LL.C. ("Sola") and

Employment Acquisition Company, LL.C. ("EAC") (Sola and EAC sometimes

collectively referred to herein as "Debtors") advised the Court of certain modifications to


the Joint Plan, including a modification resolving the objection to confirmation of the

Joint Plan by Ford Motor Company, and certain technical modifications relating to the

issuance of the New EAC Membership Units‘ upon approval by the FCC of use by

Reorganized Sola of its FCC licenses. The Joint Plan as modified by the amendments

related to the Court at the May 23, 2006 hearing on confirmation of the Joint Plan (the

"Confirmation Hearing"), is entered on the docket as entry # 498, and was considered,

along with the Plan Supplement entered on the docket as entry #479 (collectively referred

to herein as the "Final Modified Joint Plan"), as the plan before the Court at the

Confirmation Hearing.

         Upon the oral reasons assigned in open court at the Confirmation hearing, as

supplemented by the written FINDINGS OF FACT AND CONCLUSIONS OF LAW

SUPPORTING ORDER _CONFIRMING JOINT PLAN OF REORGANIZATION OF

SOLA COMMUNICATIONS, L.L.C. AND EMPLOYEE ACQUISITTION COMPANY,

LL.C.,      SUBMITTED         _BY     _SOLA _COMMUNICATIONS,                   L.L.C., EMPLOYEE

ACQUISITTION           __COMPANY,         _L.L.C.,    THE       OFFICIAL         COMMITTEE              OF

UNSECURED             ___CREDITORS         __OF      _SOLA      COMMUNICATIONS,                  LL.C.,

COMMUNICATIONS FINANCE, LL.C, AND COMMUNICATIONS MEZZANINE

FINANCE, L.L.C. UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY

CODE, IMMATERIALLY MODIFIED AS OF APRIL 25, 2006, AND AS OF

CONFIRMATION (the "Findings and Conclusions"), issued by the Court of even date

herewith,

IT IS ORDERED THAT:


1        Capitalized terms not defined herein shall have the same meaning ascribed to them within the
Final Modified Joint Plan.


               1.      The Final Modified Joint Plan be and is hereby CONFIRMED.

               2.      The property of the Debtors shall revest in Reorganized Sola and

Reorganized EAC on the Effective Date, in accordance with the Final Modified Joint

Plan, except as provided within the Final Modified Joint Plan.           From and after the

Effective Date, Reorganized Sola, and Reorganized EAC may operate their businesses,

and may use, acquire and dispose of property free of any restrictions imposed under the

Bankruptcy Code.      As of the Effective Date, all property of Reorganized Sola and

Reorganized EAC shall be free and clear of all Liens, Claims and interests of holders of

Claims and Equity Interests, except as provided in the Final Modified Joint Plan.

               3.      Except as provided in the Final Modified Joint Plan, as of the

Effective Date, pursuant to Section 1123(b)(3)(B) of the Bankruptcy Code, any and all

Causes of Action, as that term is defined in the Final Modified Joint Plan, shall be vested

in the Distribution Trust, which shall retain all authority and all status and shall act as the

representative of the Estate, in conformity with and to the full extent provided, and for all

purposes as provided in the Final Modified Joint Plan.

               4.      The execution of all documents comprising the Plan Supplement,

by Reorganized EAC and/or Reorganized Sola as provided for in the Final Modified Joint

Plan, and any and all such other documents as may be necessary to effectuate

consummation of the Final Modified Joint Plan be and is hereby authorized without

further act or action under applicable law, regulation, order or rule effective as of the

Effective Date. The issuance of the Notes pursuant to the Final Modified Joint Plan shall

be exempt from the requirements of the Trust Indenture Act of 1939, pursuant to, in

accordance with, and to the extent provided in, Section 1145(d) of the Bankruptcy Code.


               5.      The rights afforded under the Final Modified Joint Plan and the

treatment of all Claims and Equity Interests under the Final Modified Joint Plan shall be

in exchange for and in complete satisfaction, discharge, and release of Claims and Equity

Interests of any nature whatsoever, including any interest accrued on such Claims from

and after the EAC and/or Sola Petition Dates, against Sola, Reorganized Sola, EAC and

Reorganized EAC, or any of their assets or properties. Except as otherwise provided

herein, on the Effective Date, all such Claims against and Equity Interests in Sola,

Reorganized Sola, EAC and Reorganized EAC shall be satisfied, discharged, and

released in full, and all persons shall be precluded from asserting against Reorganized

Sola or Reorganized EAC, and any party released under the Final Modified Joint Plan,

their successors and/or assigns, their assets, or their properties any other or further Claims

or Equity Interests based upon any act or omission, transaction or other activity of any

kind or nature that occurred prior to the Confirmation Date.

               6.      This Order shall constitute an injunction to the full extent allowed

under sections 1141 and 524 of the Bankruptcy Code, and all Holders of Claims, Other

Securities Claims, and Equity Interests be and are hereby enjoined from pursuing any

action on account of or related to any Claim or Equity Interest through any conduct or

proceeding whatsoever, with respect to discharged, released, enjoined or exculpated

claims, and as against any person subject to or deriving rights from the discharge and/or

any release or exculpation arising under the Final Modified Joint Plan.

                6.     Sola and Reorganized Sola, EAC and Reorganized EAC, the

Committee and its members, and the Bayside Released Parties, and each of their


respective officers, employees, advisors, agents, affiliates, and representatives (including

any attorneys, accountants, financial advisors, investment bankers and other professionals

retained by such persons or entities), provided, with respect to the Sola and EAC, such

persons or entities shall have been employed by the Sola and/or Reorganized Sola on the

Confirmation Date, unless terminated without cause prior thereto, shall have no liability

to any Holder of any Claim, Other Securities Claim, or Equity Interest for any act or

omission occurring during the course of the Sola Chapter 11 Case or the EAC Chapter 11

Case occurring up to the Effective Date, including acts or omissions in connection with,

or arising out of, the filing of the petition, the preparation of motions, memoranda, or

other documents, preparation and/or negotiation of the Disclosure Statement and the

Plan, the solicitation of votes for and the pursuit of Confirmation of the Final Modified

Joint Plan, the consummation of the Final Modified Joint Plan, or the administration of

the Final Modified Joint Plan or the property to be distributed under the Final Modified

Joint Plan, except for gross negligence or willful misconduct as determined by a Final

Order of the Bankruptcy Court, which shall possess exclusive jurisdiction over all such

determinations, and, in all respects, shall be entitled to rely upon the advice of counsel

with respect to their duties and responsibilities under the Final Modified Joint Plan.

               7.      Subject to the occurrence of the Effective Date, the obligations of

Sola, Reorganized Sola, EAC, and/or Reorganized EAC to indemnify, defend, reimburse

or limit the liability of directors, officers or employees who were directors, officers or

employees of Sola and/or EAC against any liabilities, claims or causes of action as

provided in any of the articles of organization or operating agreements of Sola and/or

EAC, or under applicable state or federal law, shall be discharged, irrespective of whether


such indemnification, defense, reimbursement or limitation is owed in connection with an

event occurring before or after the date of entry of the EAC Order for Relief or Sola

Order for Relief, except that obligations of Sola, Reorganized Sola, EAC, and/or

Reorganized EAC to indemnify, defend, reimburse or limit the liability of directors,

officers, members of the management committees or employees against any liabilities,

claims or causes of action as provided in any of the articles of organization or operating

agreements of Sola and/or EAC or under applicable state or federal law shall survive

Confirmation of the Final Modified Joint Plan only with respect to any such claims or

causes of action as may be asserted against persons who were both employees of Sola as

of January 1, 2006 and who are employees of Sola as of the Effective Date, unless

terminated without cause prior thereto.       The indemnification obligations of Sola,

Reorganized Sola, EAC, and/or Reorganized EAC set forth herein are limited to those

authorized or permitted under state or federal law as the same is now or may become

applicable at the time any claim for indemnification is made.

               8.     On the Effective Date, Sola and Reorganized Sola, and EAC and

Reorganized EAC, shall release (i) those officers and/or members of the Management

Committees of Sola and EAC both employed by Sola and holding office as Members of

the Management Committees of Sola and EAC as of the Confirmation Date, (ii) persons

who are employed by Sola as of the Confirmation Date, (iii) the Committee and its

members, (iv) the Bayside Released Parties, and (v) each of their respective officers,

employees, advisors, agents, affiliates, and representatives (including any attorneys,

accountants, financial advisors, investment bankers and other professionals retained by

such persons or entities), for any act or omission occurring up to the Confirmation Date,


including acts or omissions in connection with, or arising out of, the Disclosure

Statement, the Final Modified Joint Plan, the consummation of the Final Modified Joint

Plan, or the administration of the Final Modified Joint Plan or the property to be

distributed under the Final Modified Joint Plan, except for acts or omissions constituting

gross negligence or willful misconduct as determined by a Final Order of the Bankruptcy

Court, which shall possess exclusive jurisdiction over all such determinations, and, in all

respects, shall be entitled to rely upon the advice of counsel with respect to their duties

and responsibilities under the Final Modified Joint Plan.

               9.     On the Effective Date, Secured Senior Lender and Secured Junior

Lender shall release from any further liability or claims related to or arising from any

guaranty of obligations relating to the Secured Senior Lender Claim and Secured Junior

Lender Claim each of the following persons, and only the following persons, reserving all

rights against all other persons except those specifically named herein, and as may be

elsewhere expressly released by written agreement, provided that to be entitled to the

release provided herein each person shall be an employee of Sola as of the Effective Date

unless terminated without cause:      Donald Domingue, Walt Horton, Mark LaGrone,

Melvin Ledet, Al Melancon, Harry Mikeska, Bob Reed, Deryl Rice, Vicki Richard, and

Jude Taylor. No other person shall be entitled to a release under the Final Modified Joint

Plan from liability under the Senior Secured Note, the New Senior Secured Note, the

Junior Secured Notes, the New Junior Secured Note, the New EAC Secured Note, the

Secured Senior Lender Claim, or the Secured Junior Lender Claim or any guaranty

thereof or of any guaranty of any part thereof.


               10.    Notwithstanding the limited releases to be given pursuant to this

section, any and all rights of Secured Senior Lender and Secured Junior Lender are and

shall be fully reserved under and in connection with the Senior Secured Note, the Junior

Secured Notes, the Secured Senior Lender Claim, and the Secured Junior Lender Claim,

as against any and all Persons, Entities, and parties whatsoever, excepting only those

Persons specifically released herein or released otherwise by means of express release

agreement. Confirmation of the Final Modified Joint Plan shall not constitute or give rise

in any way to any further release, waiver, novation, or remittance of any Claim, right,

obligation, or cause of action in any way related to the debt arising under or in connection

with the Senior Secured Note, the Junior Secured Notes, the Secured Senior Lender

Claim, or the Secured Junior Lender Claim, and any and all rights in favor of Secured

Senior Lender and Secured Junior Lender as Holder of the Senior Secured Note and the

Junior Secured Notes shall survive Confirmation of the Final Modified Joint Plan and be

fully executory and exercisable prior to, upon and after the Effective Date, in connection

with the Senior Secured Note and the Junior Secured Notes, and, to the extent afforded

under applicable nonbankruptcy law, the New Senior Secured Note, the New Junior

Secured Note, and the New EAC Secured Note, all such rights being maintained, and

none being extinguished.

               11.     On the Effective Date, the Bayside Released Parties shall be

released from any and all obligations, rights, suits, damages, Causes of Action, causes of

action, remedies and liabilities whatsoever, including any derivative claims, whether

known or unknown, foreseen or unforeseen, existing or hereinafter arising, in law, equity

or otherwise, whether assertable in their own right (whether individually or collectively)


or on behalf of afly other Person or Entity, based in whole or in part upon any act or

omission, transaction, agreement, event or other occurrence taking place on or before the

Effective Date relating to the Secured Senior Lender Claim, the Senior Secured Note, the

Secured Junior Lender Claim, the Junior Secured Notes, the conduct of Sola and/or EAC,

held or assertable by: (i) Sola or Reorganized Sola; (ii) EAC or Reorganized EAC; (iii)

any Holder of Sola Membership Interests or EAC Membership Interests; (iv) the

Committee; (v) the Holders of Claims, whether or not such Claims are Allowed Claims;

(vi) the Holders of Other Securities Claims; and (vii) all successors and assigns thereof.

The release of the Bayside Released Parties is hereby deemed to be given in

consideration of (1) the conversion of a portion of the Claim under the Junior Secured

Notes to Equity Interests in Reorganized EAC, (2) the authorization of the use of cash

collateral to fund payments to other Classes of Creditors under the Final Modified Joint

Plan, (3) the authorization of the use of cash collateral to fund the Initial Trust

Contribution, and (4) the financing terms provided to the Reorganized Debtors under and

in connection with the New Senior Secured Note, the New Junior Secured Note, and the

New EAC Secured Note.

               12.    On and after the Effective Date, each Consenting Party shall be

deemed to have unconditionally released (i) Sola and Reorganized Sola, (ii) EAC and

Reorganized EAC, (iii) those officers and/or members of the Management Committees of

Sola and EAC both employed by Sola and holding office as members of the management

committees of Sola and EAC as of the Confirmation Date, (iv) the Committee and its

members, (v) the Bayside Released Parties, and (vi) each of their respective officers,

employees, advisors, agents, affiliates, and representatives (including any attorneys,




                                            10


accountants, financial advisors, investment bankers and other professionals retained by

such persons or entities), from any and all Claims (as defined in section 101(5) of the

Bankruptcy Code), obligations, rights, suits, damages, causes of action, remedies and

liabilities whatsoever, including any derivative claims, whether known or unknown,

foreseen or unforeseen, existing or hereafter arising, in law, equity or otherwise, that such

Person or Entity would have been legally entitled to assert (whether individually or

collectively), based in whole or in part upon any act or omission, transaction, agreement,

event or other occurrence taking place on or before the Effective Date in any way relating

or pertaining to (i) the purchase or sale, or the rescission of a purchase or sale, of any

security of Sola or EAC, or Reorganized Sola or Reorganized EAC, (ii) the Sola and

EAC Chapter 11 Cases, or (iii) the negotiation, formulation and preparation of the Final

Modified Joint Plan, or any related agreements, instruments or other documents.

               13.     The classification and manner of satisfying all Claims, Other

Securities Claims and Equity Interests and the respective distributions and treatments

hereunder take into account and/or conform to the relative priority and rights of the

Claims, Other Securities Claims, and Equity Interests ifi each Class in connection with

any contractual, legal and equitable subordination rights relating thereto whether arising

under general principles of equitable subordination, section 510(b) of the Bankruptcy

Code or otherwise, and any and all such rights are settled, compromised and released

pursuant hereto. This Confirmation Order shall permanently enjoin, effective as of the

Effective Date, all Persons and Entities from enforcing or attempting to enforce any such

contractual, legal and equitable subordination rights satisfied, compromised and settled in

this manner.




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               14.     The executory contracts and unexpired leases, if any, described

and set forth upon Exhibit A to the Final Modified Joint Plan, be and are hereby deemed

assumed, in conformity with and subject to said Exhibit A, and the terms of the Final

Modified Joint Plan.

               15.     The executory contracts and unexpired leases, if any, described

and set forth upon Exhibit B to the Final Modified Joint Plan, be and are hereby deemed

rejected, in conformity with and subject to said Exhibit B, and the terms of the Final

Modified Joint Plan.

               16.     The stay of the effect of this Confirmation Order be and hereby is

abrogated, in accordance with and pursuant to Bankruptcy Rule 3020(e).



              ####



                                             Respectfully Submitted,

                                             GORDON, ARATA, MeCOLLAM,
                                               DUPLANTIS & EAGAN, L.L.P.
                                             301 Main Street, Suite 1600
                                             Baton Rouge, LA 70825
                                             Phone (225) 381—9643
                                             Fax (225) 336—9763

                                             By: /s/ Louis M. Phillips
                                                 Louis M. Phillips (#10505)
                                                 Brandon A. Brown (#25592)
                                                 Ashley S. Green (#29217)
                                             Counselfor Sola Communications, L.L.C.
                                             and Employee Acquisition Company,
                                                     L.L.C.




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Document Created: 0000-00-00 00:00:00
Document Modified: 0000-00-00 00:00:00

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