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-24- <br />(b) there would likely be no value left to pay the Cline Group's unsecured creditors or <br />the WARN Act Plaintiffs if the Secured Noteholders were to enforce their <br />security; and <br />(c) the existing equity interests in Cline Iikely have no economic value. <br />79. The Monitor notes that, as a result of the circumstances facing the Applicants (as <br />more particularly described above), it appears that the Amended and Restated Plan is the best <br />viable, going - concern alternative available to the Applicants and will provide a recovery to the <br />largest number of the Applicants' stakeholders. <br />80. As described above, 100% in number and 100% in value of each of the Secured <br />Noteholders Class, Affected Unsecured Creditors Class, and WARN Act Plaintiffs Class present <br />in person or by proxy at the applicable Meeting voted to approve the Amended and Restated <br />PIan, and the Amended and Restated Plan was therefore approved by each class of creditors. <br />81. The Amended and Restated Plan satisfies the requirements of the CCAA, in <br />particular the requirements contained in section 6 thereof. <br />MONITORS ACTIVITIES <br />82. Since its appointment, the Monitor has been involved with numerous aspects of <br />the CCAA Proceedings with a view to fulfilling its statutory and court- ordered duties and <br />obligations, as well as assisting the Applicants and their stakeholders in addressing restructuring <br />issues. FTI Consulting Canada Inc. described some of the more significant matters that it was <br />involved in prior to the Filing Date in the Pre - Filing Report. In addition, the Monitor described <br />some of the more significant matters it was involved in since the Filing Date through December <br />