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-34- <br />85. Alternatively, in the event that the Plan is not accepted by the Required Majority <br />of the WARN Act Plaintiffs Class, the Meetings Order provides that the Applicants may, without <br />further Order of this Honourable Court, file the Alternate Plan and proceed with a meeting of the <br />Secured Noteholders Class for the purpose of considering and voting on the resolution to <br />approve the Alternate Plan, in which case the Applicants and the Monitor will have no obligation <br />to proceed with the Unsecured Creditors Meeting or the WARN Act Plaintiffs Meeting. In such <br />an instance, the Secured Noteholders will have the ability to ultimately approve the Plan. <br />Timing of Payments to Affected Unsecured Creditors and WARN Act Plaintiffs <br />86. As described above, the Affected Unsecured Creditors' Individual Unsecured <br />Plan Entitlements will be payable on the date that is the earlier of eight years following the Plan <br />Implementation Date and the date on which such Individual Unsecured Plan Entitlements are <br />paid by Cline. Similarly, the WARN Act Plaintiffs' Individual WARN Act Plan Entitlements <br />will be payable on the date that is the earlier of eight years following the Plan Implementation <br />Date and the date on which such WARN Act Plan Entitlements are paid by Cline. Such <br />potentially delayed payments appear to be preferable to no recovery for the Affected Unsecured <br />Creditors and WARN Act Plaintiffs, which appears to be the likely alternative to the Plan, given <br />that it appears reasonable to conclude there would be no value remaining to pay Affected <br />Unsecured Creditors or WARN Act Plaintiffs if the Secured Noteholders were to enforce their <br />security. <br />CONCLUSIONS AND RECOMMENDATION <br />87. It is the Monitor's view that the Applicants continue to pursue the Plan with due <br />diligence and in good faith. <br />