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Case 16-42529 Doc 1478 Filed 10/24/16 Entered 10/24/16 20:24:17 Main Document <br />Pg6of99 <br />The Debtors' Efforts in Connection with the Leases <br />13. Since the Petition Date, the Debtors have expended substantial effort reviewing <br />the Leases to determine which Leases should be assumed or rejected by the Lease Election <br />Deadline. This process has been undertaken in parallel with the Debtors' ongoing efforts to <br />formulate a chapter 11 plan of reorganization. <br />14. Among other things, the Debtors' review of the Leases has involved: <br />(a) reviewing the terms of each of the Leases; (b) assessing the market value of the Leases; <br />(c) for coal leases, evaluating the quantities and market value of coal available for mining on the <br />leased properties, and the potential costs of extracting such coal; (d) evaluating the potential <br />economic impact of assumption or rejection; (e) evaluating the importance of the Leases to the <br />Debtors' businesses and the value of the Debtors' operations; (f) evaluating the importance of the <br />Leases to the Debtors' reorganization efforts; (g) assessing the potential environmental <br />reclamation obligations associated with the properties subject to the Leases; and (h) analyzing <br />the Debtors' rights to terminate the Leases in the future in accordance with the terms of the <br />underlying agreements. <br />15. Through these substantial efforts, the Debtors have determined, in their business <br />judgment, which of the Leases to assume or reject based on available information and the current <br />circumstances of these cases. <br />The Assumed Leases <br />16. In connection with their review of the Leases, the Debtors have elected to assume <br />the Leases (collectively, the "Assumed Leases") identified on Exhibit A, attached hereto <br />(the "Assumed Leases Schedule"), effective as of the date of entry of an order granting this <br />NAI -1502082594v7 6 <br />