(b) Treatment:
(i) In the event of a Reorganization Transaction, on the Effective Date, all Existing CH LLC Interests shall be adjusted,
reinstated, set off, settled, addressed, distributed, contributed, merged, cancelled, released, reissued, or discharged, to the extent determined to be appropriate by the Debtors, the applicable Post-Emergence Entities, or the Plan Administrator, as
applicable, and subject to the consent, as applicable, of the Requisite Consenting Creditors; and
(ii) In the event
of a Whole-Co Sale Transaction, the Existing CH LLC Interests shall be adjusted, reinstated, set off, settled, addressed, distributed, contributed, merged, cancelled, released, reissued, or discharged, to the
extent determined to be appropriate by the Debtors, the Post-Emergence Entities, or the Plan Administrator, as applicable, consistent with the Sale Documents.
To the extent the Existing CH LLC Interests are reinstated, such reinstatement shall be solely for the purpose of maintaining the
Debtors corporate structure. For the avoidance of doubt, holders of Existing CH LLC Interests shall neither receive nor retain any property of the Debtors or interest in property of the Debtors on account of such Existing CH LLC Interests.
(c) Voting: Class 10 is either (i) Unimpaired and such holders are conclusively presumed to have accepted the Plan
pursuant to section 1126(f) of the Bankruptcy Code, or (ii) Impaired and such holders are conclusively deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Holders of Existing CH LLC Interests are not entitled to
vote to accept or reject the Plan, and the votes of such holders will not be solicited with respect to such Existing CH LLC Interests.
4.11 Existing PCIH Interests (Class 11).
(a) Classification: Class 11 consists of Existing PCIH Interests.
(b) Treatment:
(i) In the event of a Reorganization Transaction, on the Effective Date, all Existing PCIH Interests shall be adjusted,
reinstated, set off, settled, addressed, distributed, contributed, merged, cancelled, released, reissued or discharged, to the extent determined to be appropriate by the Debtors, the applicable Post-Emergence Entities, or the Plan Administrator, as
applicable, and subject to the consent, as applicable, of the Requisite Consenting Creditors; provided, that, notwithstanding anything herein to the contrary, all Existing PCIH Interests held by
non-Debtors shall be discharged and cancelled on the Effective Date; and
(ii) In the event of a Whole-Co Sale Transaction, the Existing PCIH Interests
shall be adjusted, reinstated, set off, settled, addressed, distributed, contributed, merged, cancelled, released, reissued, or discharged, to the extent determined to be appropriate by the Debtors, the Post-Emergence Entities, or the Plan
Administrator, as applicable, consistent with the Sale Document.
To the extent the Existing PCIH Interests are reinstated, such
reinstatement shall be solely for the purpose of maintaining the Debtors corporate structure. For the avoidance of doubt, holders of Existing PCIH Interests shall neither receive nor retain any property of the Debtors or interest in property
of the Debtors on account of such Existing PCIH Interests.
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