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Re: ItsMyOption post# 8118

Monday, 05/16/2016 4:00:13 PM

Monday, May 16, 2016 4:00:13 PM

Post# of 8307
Yes - thank you. And if you will note it says
that Fees and Expenses - up to $ 3.2 M - are
to be deducted from the $ 9 M.

I seem to recall the LTW's Attorneys' Fees being
about that amount and if deducted it validates my
calculation of the number of LTWs who did not
Opt In.


Upon the effective date of the Stipulation
(the "Effective Date"), the LTW Holders
shall receive, in the aggregate:


An Allowed General Unsecured Claim
(as such term is defined in the Seventh
Amended Plan) in Class 12 in the aggregate
amount of Nine Million Dollars ($9,000,000.00)
(the "Allowed General Unsecured Portion");
provided, however, that the Fees and Expenses,
to the extent allowed pursuant to an order of the
Bankruptcy Court, upon notice and hearing,
shall be paid from the initial distributions to be
made to LTW Holders with respect to the Allowed
General Unsecured Portion; and, provided, further,
that, to the extent the Fees and Expenses are equal
to or less than Three Million Two Hundred Thousand
Dollars ($3,200,000.00), the Debtors and the Creditors'
Committee shall not oppose any such application;




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