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-19- <br />50. The Plan provides for a distinct treatment of different categories of Affected <br />Claims, each as described in more detail below. <br />Secured Noteholders Allowed Secured Claim <br />51. The Claims comprising the Secured Noteholders Allowed Secured Claim and the <br />Secured Noteholders Allowed Unsecured Claim will constitute Voting Claims and Distribution <br />Claims for the purpose of voting on and receiving distributions, if applicable, pursuant to the <br />Plan. <br />52. Under the supervision of the Monitor, and in full and final satisfaction of the <br />Secured Noteholders Allowed Secured Claim, each Secured Noteholder will receive, on a pro <br />rata basis, New Cline Common Shares and New Secured Debt in the manner and in the amounts <br />set forth in the Plan. The New Cline Common Shares will be issued on the Plan Implementation <br />Date in a number to be agreed to by the Applicants, the Monitor and Marret (on behalf of the <br />Secured Noteholders). The New Secured Debt will be comprised of $55 million of new secured <br />indebtedness of Cline, which is to be guaranteed by New Elk and North Central, to be <br />established on the Plan Implementation Date, and which will be governed by a new credit <br />agreement that will be dated as of the Plan Implementation Date. <br />53. No fractional interests of New Cline Common Shares ( "Fractional Interests ") <br />will be issued under the Plan. Pursuant to the Plan, recipients of New Cline Common Shares will <br />have their entitlements adjusted downwards to the nearest whole number of New Cline Common <br />Shares to eliminate any such Fractional Interests and no compensation will be given for any <br />Fractional Interests. <br />