Alternative Plan. Within thirty days from the Federation’s meeting with the President, the Federation may present an alternative method of reduction to the Board for consideration. The Board of Education in its role as appointing authority shall make the final determination of the layoff plan within thirty (30) calendar days from the Federation’s submission. Decisions by the Board shall not be subject to Article 32, Grievance Procedure.
Alternative Plan. The Warrantors covenant and agree to execute the Alternative Plan pursuant to the terms set forth in the Alternative Plan.
Alternative Plan. MESSA ABC (Quote 327801) (Full-time employees electing health enrollment)
Alternative Plan. Borrower shall not prepare or file any plan of reorganization without the prior written consent of Lender.
Alternative Plan. Developer shall develop alternative plan (“Alternative Plan”) whereby the Wharf is eliminated, JADU units made regular single-family units, and site plan modified to provide better view corridors and up to 10% of the units are eliminated. With the conversion of the JADU units, reduction in 3rd Floor area, and the reduction of units by 10%, there will be an as yet unclear impact on project economics. Developer is open to these ideas but intends that the total saleable square footage will not be more than 10% less than for the prior considered project. This is still being assessed. This plan will provide significantly enhanced parking including guest parking. Developer and City will utilize best efforts to assure that the Alternative Plan is developed dependent on obtaining permits to eliminate the wharf within an entitlement time frame which does not unreasonably delay the Project. Developer, within 60 days, shall assess (i) likelihood of obtaining permits, (ii) time frame and delay, (iii) net cost of removing wharf vs. reconstruction, and (iv) impacts on Project. If Developer elects not to proceed with alternative Project, City may revert the Property.
Alternative Plan. If the Plan is not confirmed, the Bankruptcy Court could confirm a different plan. The Plan is a reorganization of the Debtor’s business and a different plan might involve some other form of reorganization or liquidation of the Debtor’s assets. The Committee believes that the Plan enables creditors with Allowed Claims to realize payment in full plus interest at the Legal Rate as provided in the Plan, a significant distribution to shareholders, and an opportunity to continue the Debtor’s business. The Committee believes that any liquidation of the Debtor’s assets or alternative form of chapter 11 plan is a much less attractive alternative to creditors and shareholders than the Plan because of the far greater returns and certainty provided by the Plan. Other alternatives could involve diminished recoveries, significant delay, uncertainty, and substantial additional administrative costs. The Committee believes that its Plan provides the best recovery to creditors and shareholders by providing them with a distribution of cash shortly after the Effective Date, rather than diminished recoveries following a liquidation of assets or distribution of other property. In addition, because the Debtor is projected to burn through its remaining Cash in the next four months, at which point the Debtor would become insolvent, it is highly unlikely that any alternative plan could be proposed and confirmed in a time frame that would provide for payment of all Allowed Claims in full with interest at the Legal Rate as contemplated in the Plan. Creditors and parties in interest have had since mid-April 2009, and no alternative plans have been proposed during that time. DISCLOSURE STATEMENT
Alternative Plan. Prior to the implementation of a RIF, options to avoid RIF will be considered. Some of these options are:
Alternative Plan. Selection of the Alternative Plan includes a lesser meal allocation for a discount off the published monthly fee: Dining Allocation: Meals per person Total Published Monthly Fee: $ Discount: $ Total Discounted Monthly Fee: $
Alternative Plan. The Authority may implement an alternate health insurance plan, provided such plan provides substantially equal or greater coverage to the plan then in effect. Prior to the implementation of a proposed alternate health plan, the Authority shall notify PEF at least ninety (90) days in advance.
Alternative Plan. The Debtor believes that any alternative plan would not result in as favorable treatment of Claims as proposed under the Plan. If the Plan is not accepted by the requisite amount of the Debtor’s Creditors and confirmed according to the terms and expedited timelines set forth therein, there is no assurance that the Debtor would be able to obtain an alternate source of financing.
