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  "documentTitle": "General Growth Properties (GGWPQ)",
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  "authorName": "Pershing Square",
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  "presentationDate": "2009-05-27 00:00:00",
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  "notes": "The slide uses a direct excerpt from the U.S. Bankruptcy Code to establish the legal standard for plan confirmation.",
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      "text": "Creditors are entitled to a “fair and equitable” plan of reorganization",
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      "text": "(b) (2) For the purpose of this subsection, the condition that a plan be fair and equitable with respect to a class includes the following requirements:\n\n(A) With respect to a class of secured claims, the plan provides—\n(i)(I) that the holders of such claims retain the liens securing such claims, whether the property subject to such liens is retained by the debtor or transferred to another entity, to the extent of the allowed amount of such claim\n\n(B) With respect to a class of unsecured claims—\n(i) the plan provides that each holder of a claim of such class receive or retain on account of such claim property of a value, as of the effective date of the plan, equal to the allowed amount of such claim",
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      "text": "§ 1129. Confirmation of plan",
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