July 27, 2018 – A’GACI submitted its Second Amended Plan of Reorganization [Docket No.488] and subsequently received confirmation for the same [Docket No. 496]. Court documents note, “On the Effective Date, Reorganized Debtor shall enter into the Class 6 Note and the Contingent Payment Agreement. Confirmation of the Plan shall be deemed approval of the Class 6 Note and the Contingent Payment Agreement, and all transactions contemplated thereby, and all actions to be taken, undertakings to be made, and obligations to be incurred by the Reorganized Debtor in connection therewith, and authorization of the Reorganized Debtor to enter into and execute the Class 6 Note and the Contingent Payment Agreement. On the Effective Date, the Class 6 Note and the Contingent Payment Agreement shall constitute legal, valid, binding, and authorized obligations of the Reorganized Debtor, enforceable in accordance with their terms… No later than two (2) Business Days after the Confirmation Date, Chase shall provide the Debtor with the Chase Payoff Letter. The Chase Payoff Letter shall establish the Allowed amount of the Chase Secured Claim for purposes of its treatment under the Plan.”
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