Rcc liquidating corp

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Roads Contractor Company (RCC) chairman Fritz Jacobs has described calls to liquidate the embattled parastatal as “egotistical” and says it is not necessary given his board's commitment to turn the RCC into a profit-making public enterprise.

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The net proceeds of the Zippo Sale were delivered to Lender in accordance with the terms of that certain letter agreement by and among Lender and Obligors dated as of February 2, 2010 (the “Borrowers have requested that Lender amend the definition of Termination Event to extend the stated expiration date in the Forbearance Agreement from March 31, 2010 to April 16, 2010 in order to provide Borrowers with additional time to consummate the sale of RAI’s assets to Hawthorne TTN Holdings, LLC (“ Lender has considered Borrowers’ requests and, in an effort to continue working with Borrowers, hereby agrees to amend the Forbearance Agreement and the Credit Agreement on the terms and conditions set forth below.(C) the occurrence of any Event of Default under the Credit Agreement, other than (i) the Existing Events of Default or (ii) breach by Obligors of their obligation pursuant to (a) Section 6.1(a) of the Credit Agreement to deliver audited year end annual financial statements for the fiscal year ending December 31, 2008 within 90 days of the end of such fiscal year or (b) Section 6.1(c) of the Credit Agreement to deliver monthly financial statements to Lender for the months ending October 31, 2009, November 30, 2009, December 31, 2009, January 31, 2010, February 28, 2010 and March 31, 2010 within 30 days of the end of such months;(F) any Person, other than Lender, shall exercise its rights and remedies against the Obligors as a result of defaults or events of defaults arising under any agreement between Obligors and such Person due to cross-defaults arising from the Existing Events of Default; and“Accommodation Overadvance Limit” means

The net proceeds of the Zippo Sale were delivered to Lender in accordance with the terms of that certain letter agreement by and among Lender and Obligors dated as of February 2, 2010 (the “Borrowers have requested that Lender amend the definition of Termination Event to extend the stated expiration date in the Forbearance Agreement from March 31, 2010 to April 16, 2010 in order to provide Borrowers with additional time to consummate the sale of RAI’s assets to Hawthorne TTN Holdings, LLC (“ Lender has considered Borrowers’ requests and, in an effort to continue working with Borrowers, hereby agrees to amend the Forbearance Agreement and the Credit Agreement on the terms and conditions set forth below.(C) the occurrence of any Event of Default under the Credit Agreement, other than (i) the Existing Events of Default or (ii) breach by Obligors of their obligation pursuant to (a) Section 6.1(a) of the Credit Agreement to deliver audited year end annual financial statements for the fiscal year ending December 31, 2008 within 90 days of the end of such fiscal year or (b) Section 6.1(c) of the Credit Agreement to deliver monthly financial statements to Lender for the months ending October 31, 2009, November 30, 2009, December 31, 2009, January 31, 2010, February 28, 2010 and March 31, 2010 within 30 days of the end of such months;(F) any Person, other than Lender, shall exercise its rights and remedies against the Obligors as a result of defaults or events of defaults arising under any agreement between Obligors and such Person due to cross-defaults arising from the Existing Events of Default; and“Accommodation Overadvance Limit” means [[

The net proceeds of the Zippo Sale were delivered to Lender in accordance with the terms of that certain letter agreement by and among Lender and Obligors dated as of February 2, 2010 (the “Borrowers have requested that Lender amend the definition of Termination Event to extend the stated expiration date in the Forbearance Agreement from March 31, 2010 to April 16, 2010 in order to provide Borrowers with additional time to consummate the sale of RAI’s assets to Hawthorne TTN Holdings, LLC (“ Lender has considered Borrowers’ requests and, in an effort to continue working with Borrowers, hereby agrees to amend the Forbearance Agreement and the Credit Agreement on the terms and conditions set forth below.(C) the occurrence of any Event of Default under the Credit Agreement, other than (i) the Existing Events of Default or (ii) breach by Obligors of their obligation pursuant to (a) Section 6.1(a) of the Credit Agreement to deliver audited year end annual financial statements for the fiscal year ending December 31, 2008 within 90 days of the end of such fiscal year or (b) Section 6.1(c) of the Credit Agreement to deliver monthly financial statements to Lender for the months ending October 31, 2009, November 30, 2009, December 31, 2009, January 31, 2010, February 28, 2010 and March 31, 2010 within 30 days of the end of such months;(F) any Person, other than Lender, shall exercise its rights and remedies against the Obligors as a result of defaults or events of defaults arising under any agreement between Obligors and such Person due to cross-defaults arising from the Existing Events of Default; and“Accommodation Overadvance Limit” means $0 from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean $1,385,059.30..

L Lear Corporation M Motor Coach Industries International, Inc. L Lake at Las Vegas Joint Venture, LLC Land Source Communities Development LLC Levitt and Sons, LLC M Mercedes Homes, Inc.

E EZ Lube, LLC F Form Tech Industries, LLC I Intermet Corporation J Jernberg Industries Inc K Key Plastics Finance Corp. (Creditors' Committee) Alpha Natural Resources, Inc. (d/b/a Gerald Champion Regional Medical Center) P Physiotherapy Holdings, Inc., et al. S Shreveport Doctors Hospital 2003 Source Precision Medicine Inc Specialty Hospital of Washington, LLC W Waterford Equities LLC D Dunmore Homes Inc K Kimball Hill, Inc.

Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.

KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.

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The net proceeds of the Zippo Sale were delivered to Lender in accordance with the terms of that certain letter agreement by and among Lender and Obligors dated as of February 2, 2010 (the “Borrowers have requested that Lender amend the definition of Termination Event to extend the stated expiration date in the Forbearance Agreement from March 31, 2010 to April 16, 2010 in order to provide Borrowers with additional time to consummate the sale of RAI’s assets to Hawthorne TTN Holdings, LLC (“ Lender has considered Borrowers’ requests and, in an effort to continue working with Borrowers, hereby agrees to amend the Forbearance Agreement and the Credit Agreement on the terms and conditions set forth below.(C) the occurrence of any Event of Default under the Credit Agreement, other than (i) the Existing Events of Default or (ii) breach by Obligors of their obligation pursuant to (a) Section 6.1(a) of the Credit Agreement to deliver audited year end annual financial statements for the fiscal year ending December 31, 2008 within 90 days of the end of such fiscal year or (b) Section 6.1(c) of the Credit Agreement to deliver monthly financial statements to Lender for the months ending October 31, 2009, November 30, 2009, December 31, 2009, January 31, 2010, February 28, 2010 and March 31, 2010 within 30 days of the end of such months;(F) any Person, other than Lender, shall exercise its rights and remedies against the Obligors as a result of defaults or events of defaults arising under any agreement between Obligors and such Person due to cross-defaults arising from the Existing Events of Default; and“Accommodation Overadvance Limit” means $0 from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean $1,385,059.30.. L Lear Corporation M Motor Coach Industries International, Inc. L Lake at Las Vegas Joint Venture, LLC Land Source Communities Development LLC Levitt and Sons, LLC M Mercedes Homes, Inc. E EZ Lube, LLC F Form Tech Industries, LLC I Intermet Corporation J Jernberg Industries Inc K Key Plastics Finance Corp. (Creditors' Committee) Alpha Natural Resources, Inc. (d/b/a Gerald Champion Regional Medical Center) P Physiotherapy Holdings, Inc., et al. S Shreveport Doctors Hospital 2003 Source Precision Medicine Inc Specialty Hospital of Washington, LLC W Waterford Equities LLC D Dunmore Homes Inc K Kimball Hill, Inc. Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.

]] from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean

The net proceeds of the Zippo Sale were delivered to Lender in accordance with the terms of that certain letter agreement by and among Lender and Obligors dated as of February 2, 2010 (the “Borrowers have requested that Lender amend the definition of Termination Event to extend the stated expiration date in the Forbearance Agreement from March 31, 2010 to April 16, 2010 in order to provide Borrowers with additional time to consummate the sale of RAI’s assets to Hawthorne TTN Holdings, LLC (“ Lender has considered Borrowers’ requests and, in an effort to continue working with Borrowers, hereby agrees to amend the Forbearance Agreement and the Credit Agreement on the terms and conditions set forth below.(C) the occurrence of any Event of Default under the Credit Agreement, other than (i) the Existing Events of Default or (ii) breach by Obligors of their obligation pursuant to (a) Section 6.1(a) of the Credit Agreement to deliver audited year end annual financial statements for the fiscal year ending December 31, 2008 within 90 days of the end of such fiscal year or (b) Section 6.1(c) of the Credit Agreement to deliver monthly financial statements to Lender for the months ending October 31, 2009, November 30, 2009, December 31, 2009, January 31, 2010, February 28, 2010 and March 31, 2010 within 30 days of the end of such months;(F) any Person, other than Lender, shall exercise its rights and remedies against the Obligors as a result of defaults or events of defaults arising under any agreement between Obligors and such Person due to cross-defaults arising from the Existing Events of Default; and“Accommodation Overadvance Limit” means $0 from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean $1,385,059.30..

L Lear Corporation M Motor Coach Industries International, Inc. L Lake at Las Vegas Joint Venture, LLC Land Source Communities Development LLC Levitt and Sons, LLC M Mercedes Homes, Inc.

E EZ Lube, LLC F Form Tech Industries, LLC I Intermet Corporation J Jernberg Industries Inc K Key Plastics Finance Corp. (Creditors' Committee) Alpha Natural Resources, Inc. (d/b/a Gerald Champion Regional Medical Center) P Physiotherapy Holdings, Inc., et al. S Shreveport Doctors Hospital 2003 Source Precision Medicine Inc Specialty Hospital of Washington, LLC W Waterford Equities LLC D Dunmore Homes Inc K Kimball Hill, Inc.

Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.

KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.

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The net proceeds of the Zippo Sale were delivered to Lender in accordance with the terms of that certain letter agreement by and among Lender and Obligors dated as of February 2, 2010 (the “Borrowers have requested that Lender amend the definition of Termination Event to extend the stated expiration date in the Forbearance Agreement from March 31, 2010 to April 16, 2010 in order to provide Borrowers with additional time to consummate the sale of RAI’s assets to Hawthorne TTN Holdings, LLC (“ Lender has considered Borrowers’ requests and, in an effort to continue working with Borrowers, hereby agrees to amend the Forbearance Agreement and the Credit Agreement on the terms and conditions set forth below.(C) the occurrence of any Event of Default under the Credit Agreement, other than (i) the Existing Events of Default or (ii) breach by Obligors of their obligation pursuant to (a) Section 6.1(a) of the Credit Agreement to deliver audited year end annual financial statements for the fiscal year ending December 31, 2008 within 90 days of the end of such fiscal year or (b) Section 6.1(c) of the Credit Agreement to deliver monthly financial statements to Lender for the months ending October 31, 2009, November 30, 2009, December 31, 2009, January 31, 2010, February 28, 2010 and March 31, 2010 within 30 days of the end of such months;(F) any Person, other than Lender, shall exercise its rights and remedies against the Obligors as a result of defaults or events of defaults arising under any agreement between Obligors and such Person due to cross-defaults arising from the Existing Events of Default; and“Accommodation Overadvance Limit” means $0 from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean $1,385,059.30.. L Lear Corporation M Motor Coach Industries International, Inc. L Lake at Las Vegas Joint Venture, LLC Land Source Communities Development LLC Levitt and Sons, LLC M Mercedes Homes, Inc. E EZ Lube, LLC F Form Tech Industries, LLC I Intermet Corporation J Jernberg Industries Inc K Key Plastics Finance Corp. (Creditors' Committee) Alpha Natural Resources, Inc. (d/b/a Gerald Champion Regional Medical Center) P Physiotherapy Holdings, Inc., et al. S Shreveport Doctors Hospital 2003 Source Precision Medicine Inc Specialty Hospital of Washington, LLC W Waterford Equities LLC D Dunmore Homes Inc K Kimball Hill, Inc. Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.

,385,059.30.. L Lear Corporation M Motor Coach Industries International, Inc. L Lake at Las Vegas Joint Venture, LLC Land Source Communities Development LLC Levitt and Sons, LLC M Mercedes Homes, Inc. E EZ Lube, LLC F Form Tech Industries, LLC I Intermet Corporation J Jernberg Industries Inc K Key Plastics Finance Corp. (Creditors' Committee) Alpha Natural Resources, Inc. (d/b/a Gerald Champion Regional Medical Center) P Physiotherapy Holdings, Inc., et al. S Shreveport Doctors Hospital 2003 Source Precision Medicine Inc Specialty Hospital of Washington, LLC W Waterford Equities LLC D Dunmore Homes Inc K Kimball Hill, Inc. Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.

from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean

The net proceeds of the Zippo Sale were delivered to Lender in accordance with the terms of that certain letter agreement by and among Lender and Obligors dated as of February 2, 2010 (the “Borrowers have requested that Lender amend the definition of Termination Event to extend the stated expiration date in the Forbearance Agreement from March 31, 2010 to April 16, 2010 in order to provide Borrowers with additional time to consummate the sale of RAI’s assets to Hawthorne TTN Holdings, LLC (“ Lender has considered Borrowers’ requests and, in an effort to continue working with Borrowers, hereby agrees to amend the Forbearance Agreement and the Credit Agreement on the terms and conditions set forth below.(C) the occurrence of any Event of Default under the Credit Agreement, other than (i) the Existing Events of Default or (ii) breach by Obligors of their obligation pursuant to (a) Section 6.1(a) of the Credit Agreement to deliver audited year end annual financial statements for the fiscal year ending December 31, 2008 within 90 days of the end of such fiscal year or (b) Section 6.1(c) of the Credit Agreement to deliver monthly financial statements to Lender for the months ending October 31, 2009, November 30, 2009, December 31, 2009, January 31, 2010, February 28, 2010 and March 31, 2010 within 30 days of the end of such months;(F) any Person, other than Lender, shall exercise its rights and remedies against the Obligors as a result of defaults or events of defaults arising under any agreement between Obligors and such Person due to cross-defaults arising from the Existing Events of Default; and“Accommodation Overadvance Limit” means $0 from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean $1,385,059.30..

L Lear Corporation M Motor Coach Industries International, Inc. L Lake at Las Vegas Joint Venture, LLC Land Source Communities Development LLC Levitt and Sons, LLC M Mercedes Homes, Inc.

E EZ Lube, LLC F Form Tech Industries, LLC I Intermet Corporation J Jernberg Industries Inc K Key Plastics Finance Corp. (Creditors' Committee) Alpha Natural Resources, Inc. (d/b/a Gerald Champion Regional Medical Center) P Physiotherapy Holdings, Inc., et al. S Shreveport Doctors Hospital 2003 Source Precision Medicine Inc Specialty Hospital of Washington, LLC W Waterford Equities LLC D Dunmore Homes Inc K Kimball Hill, Inc.

Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.

KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.

||

The net proceeds of the Zippo Sale were delivered to Lender in accordance with the terms of that certain letter agreement by and among Lender and Obligors dated as of February 2, 2010 (the “Borrowers have requested that Lender amend the definition of Termination Event to extend the stated expiration date in the Forbearance Agreement from March 31, 2010 to April 16, 2010 in order to provide Borrowers with additional time to consummate the sale of RAI’s assets to Hawthorne TTN Holdings, LLC (“ Lender has considered Borrowers’ requests and, in an effort to continue working with Borrowers, hereby agrees to amend the Forbearance Agreement and the Credit Agreement on the terms and conditions set forth below.(C) the occurrence of any Event of Default under the Credit Agreement, other than (i) the Existing Events of Default or (ii) breach by Obligors of their obligation pursuant to (a) Section 6.1(a) of the Credit Agreement to deliver audited year end annual financial statements for the fiscal year ending December 31, 2008 within 90 days of the end of such fiscal year or (b) Section 6.1(c) of the Credit Agreement to deliver monthly financial statements to Lender for the months ending October 31, 2009, November 30, 2009, December 31, 2009, January 31, 2010, February 28, 2010 and March 31, 2010 within 30 days of the end of such months;(F) any Person, other than Lender, shall exercise its rights and remedies against the Obligors as a result of defaults or events of defaults arising under any agreement between Obligors and such Person due to cross-defaults arising from the Existing Events of Default; and“Accommodation Overadvance Limit” means $0 from April 9, 2010 through the occurrence of a Termination Event (as such term is defined in the Forbearance Agreement), provided, however, upon receipt by the Lender of notice of the closing of the transaction contemplated by the RAI APA (the “Closing Notice”), the Accommodation Overadvance Limit shall mean $1,385,059.30.. L Lear Corporation M Motor Coach Industries International, Inc. L Lake at Las Vegas Joint Venture, LLC Land Source Communities Development LLC Levitt and Sons, LLC M Mercedes Homes, Inc. E EZ Lube, LLC F Form Tech Industries, LLC I Intermet Corporation J Jernberg Industries Inc K Key Plastics Finance Corp. (Creditors' Committee) Alpha Natural Resources, Inc. (d/b/a Gerald Champion Regional Medical Center) P Physiotherapy Holdings, Inc., et al. S Shreveport Doctors Hospital 2003 Source Precision Medicine Inc Specialty Hospital of Washington, LLC W Waterford Equities LLC D Dunmore Homes Inc K Kimball Hill, Inc. Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.

,385,059.30..

L Lear Corporation M Motor Coach Industries International, Inc. L Lake at Las Vegas Joint Venture, LLC Land Source Communities Development LLC Levitt and Sons, LLC M Mercedes Homes, Inc.

E EZ Lube, LLC F Form Tech Industries, LLC I Intermet Corporation J Jernberg Industries Inc K Key Plastics Finance Corp. (Creditors' Committee) Alpha Natural Resources, Inc. (d/b/a Gerald Champion Regional Medical Center) P Physiotherapy Holdings, Inc., et al. S Shreveport Doctors Hospital 2003 Source Precision Medicine Inc Specialty Hospital of Washington, LLC W Waterford Equities LLC D Dunmore Homes Inc K Kimball Hill, Inc.

Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.

KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized.

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