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Re: toogoodfella post# 82162

Sunday, 01/20/2019 6:31:52 PM

Sunday, January 20, 2019 6:31:52 PM

Post# of 110548
Third parties is really a moot point. FRom the disclosure statement;

Holders of Affiliate Guarantee Claims will have an aggregate Allowed Claim in the amount of $21,186 million. The individual allocation for each Affiliate that has asserted a Guarantee Claim on any basis is not set forth in the Plan. Rather, holders of Affiliate Guarantee Claims, by voting in favor of the Plan, will be voting in favor of the Plan’s proposed aggregate Allowed Claim,and the process for allocating the Allowed Claim at a later date, as set forth below. The Debtors intend to allocate the $21,186 million to holders of Affiliate Guarantee Claims on a pro rata basis based on the amount of each Affiliate’s Allowed Affiliate Guarantee Claim after evaluating the enforceability of the Claims.

An allocation will be proposed by the Plan Administrator within six months after the Effective Date. The allocation will be subject to a vote of holders of Allowed Affiliate Guarantee Claims and will be binding on all such holders if the proposed allocation is accepted by holders of at least two-thirds in amount of Allowed Affiliate Guarantee Claims and more than one-half in number of holders of such Affiliate Guarantee Claims. The Debtors will solicit votes to accept or reject the allocation by distributing ballots to the Affiliates. Each Affiliate entitled to vote will be permitted to vote to accept or reject the allocation based on its Allowed Affiliate Guarantee Claim amount. If such proposed allocation is not accepted in accordance with the foregoing, the allocation of the total $21,186 million shall be determined by the Bankruptcy Court.

As to each of the Subsidiary Debtors, the Plan adopts a common classification scheme. The Plan proposes, after payment in full, in Cash of administrative and priority creditors and the satisfaction of secured creditors in full in the manner provided in the Plan, to distribute Cash to holders of General Unsecured Claims and Intercompany Claims in the amount of their Pro Rata Share.




Joe Stocks