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-7- <br />(e) the Applicants are continuing to take steps to advance the proposed <br />recapitalization transaction that is to be implemented pursuant to the Plan; and <br />(f) the Applicants are continuing to carry on with the day to day operation of their <br />businesses. <br />16. In addition, the Applicants and the Monitor have continued to maintain open lines <br />of communication with multiple third parties and/or creditors with respect to the CCAA <br />Proceedings, including: <br />(a) legal counsel to Marret; <br />(b) third parties with potential claims; and <br />(c) existing service providers. <br />17. The Monitor is satisfied that since the Filing Date, creditors, employees and <br />service providers to the Applicants continue to be dealt with in the normal course. <br />18. Nothing has come to the attention of the Monitor that would suggest that the <br />Applicants have not been in compliance with the terms of the Initial Order, the Claims Procedure <br />Order, the Meetings Order and/or the CCAA generally. <br />THE APPLICANTS' FINANCIAL AFFAIRS <br />19. Since the Filing Date, the Monitor has continued reviewing the actual receipts and <br />disbursements of the Applicants as well as the Applicants' cash flow statements. <br />