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-18- <br />Elk Units shall not be cancelled or extinguished and shall remain outstanding and <br />solely owned by Cline and the Existing North Central Shares shall not be <br />cancelled or extinguished and shall remain outstanding and solely owned by New <br />Elk; and <br />(i) the releases set forth in Article 7 of the Plan shall become effective. <br />48. The primary stakeholders being affected by the Plan are: <br />(a) the Secured Noteholders; <br />(b) the Affected Unsecured Creditors holding Affected Unsecured Claims, which are <br />all claims against one or more of the Applicants that are not secured by a valid <br />security interest over assets or property of the Applicants and that are not (i) <br />Unaffected Claims, (ii) the Claims comprising the Secured Noteholders Allowed <br />Secured Claim (as defined and described further herein), (iii) WARN Act Claims <br />or (iv) Equity Claims; <br />(c) the WARN Act Plaintiffs; and <br />(d) the Equity Claimants. <br />Treatment of Stakeholders under the CCAA Plan <br />49. The Plan provides for, inter alia: <br />(a) the full and final release and discharge of Affected Claims and Released Claims; <br />and <br />(b) a settlement of, and consideration for, all Allowed Affected Claims. <br />