Laserfiche WebLink
-20- <br />Affected Unsecured Claims <br />54. The Plan provides that Affected Unsecured Creditors with certain Allowed <br />Affected Unsecured Claims of not more than $10,000 (such Affected Unsecured Creditors being <br />the "Convenience Creditors ") will be paid in cash for the full value of their Allowed Affected <br />Unsecured Claim. As described above, the Convenience Creditors will be deemed to vote in <br />favour of the Plan unless they indicate to the Monitor in writing that they intend to vote against <br />the Plan and do vote against the Plan at the Unsecured Creditors Meeting. To date, the Monitor <br />has not received any written communications from Convenience Creditors that they intend to <br />vote against the Plan. <br />55. Each Affected Unsecured Creditor with an Allowed Affected Unsecured Claim, <br />with the exception of the Convenience Creditors, will receive its Individual Unsecured Plan <br />Entitlement, being its pro rata portion of the $225,000 in Unsecured Plan Entitlement Proceeds <br />payable on the Unsecured Plan Entitlement Date, being the earlier of the date that is eight years <br />following the Plan Implementation Date and the date on which the Unsecured Plan Entitlement is <br />paid by Cline. Notwithstanding the Secured Noteholders Allowed Unsecured Claim, the Secured <br />Noteholders and Marret will be deemed to waive their entitlements to the proceeds of the <br />Unsecured Plan Entitlement, and all such proceeds will be available for distribution to the other <br />Affected Unsecured Creditors with valid claims who are entitled to the Unsecured Plan <br />Entitlement, allocated on a pro rata basis. <br />56. All Affected Unsecured Claims will be fully, finally, irrevocably and forever <br />compromised, released, discharged, cancelled and barred on the Plan Implementation Date. <br />