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  "documentTitle": "General Growth Properties (GGWPQ)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square",
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  "presentationDate": "2009-05-27 00:00:00",
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  "notes": "The slide uses a direct quote from Justice Stevens to define the 'cram down' standard.",
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      "text": "If a creditor is not paid in cash or property upon emergence, it must receive future payments, the present value of which equals its bankruptcy claim",
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      "text": "If a creditor is not paid in cash or property upon emergence, it must receive future payments, the present value of which equals its bankruptcy claim",
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      "text": "Plans that invoke the cram down power often provide for installment payments over a period of years rather than a single payment. In such circumstances, the amount of each installment must be calibrated to ensure that, over time, the creditor receives disbursements whose total present value equals or exceeds that of the allowed claim. – Opinion of Justice Stevens, Till v. SCS Credit Corp",
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