Termination of exclusivity

Section 1121(d) of title 11, United States Code, is amended by adding at the end the following: (3) For purposes of this subsection, cause for reducing the 120-day period or the 180-day period includes— (A) the filing of a motion pursuant to section 1113 seeking rejection of a collective bargaining agreement if a plan based upon an alternative proposal by the labor organization is reasonably likely to be confirmed within a reasonable time; and (B) the proposed filing of a plan by a proponent other than the debtor, which incorporates the terms of a settlement with a labor organization if such plan is reasonably likely to be confirmed within a reasonable time..