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NOTICE REGARDING (I) DISCLOSURE STATEMENT AND JOINT PLAN OF REORGANIZATION, (II) DEADLINE FOR FILING OBJECTIONS TO PLAN CONFIRMATION, (III) DEADLINE FOR FILING OBJECTIONS TO LEASE AND CONTRACT ASSUMPTION AND (IV) HEARING ON PLAN CONFIRMATION
TO ALL HOLDERS OF CLAIMS AND INTERESTS AND PARTIES IN INTEREST:
In accordance with Rule 3017(a) of the Federal Rules of Bankruptcy Procedure, requests for copies of the Disclosure Statement, the Plan and/or the Disclosure Statement Order or any inquiries related thereto may be made to the Debtors’ counsel as set forth below. Copies of any documents so requested will be provided free of charge.
2. Voting Record Date. The Voting Record Date for purposes of determining which Holders of Claims are entitled to vote on the Plan is
3. Voting Deadline. If you hold a Claim against one of the Debtors as of the Voting Record Date and are entitled to vote to accept or reject the Plan (i.e., Holders of Claims in Class 5 (Noteholder Secured Claim) and Class 6 (General Unsecured Claims)), you have received or will receive a Ballot appropriate for your Claim(s). For your vote to accept or reject the Plan to be counted, you must follow the appropriate voting instructions, complete all required information on the Ballot, execute and return the completed Ballot so that it is actually received in accordance with the voting instructions set forth in the Ballot at the address indicated in the Ballot by
4. Parties Not Entitled to Vote to Accept or Reject the Plan.
a. Unimpaired Creditors. Under the terms of the Plan, Holders of Claims or Interests, as applicable, in Class 1 (Priority Claims), Class 2 (JP Morgan Chase Secured Claim), Class 3 (Continuing Employment Claims), Class 4 (Customer Claims), Class 7 (Intercompany Claims), and Class 9 (Intercompany Interests) are not impaired and, accordingly, are (i) conclusively presumed to have accepted the Plan, and (ii) not entitled to vote on the Plan on account of such Claims or Interests.
b. Holders of Existing Equity Interests. Under the terms of the Plan, the Holders of Interests in Class 8 (Existing Equity Interests) will neither receive nor retain any consideration nor retain any property under the Plan and, accordingly, are (i) conclusively presumed to have rejected the Plan and (ii) not entitled to vote on the Plan on account of such Interests. As such, all issued and outstanding shares of
IF YOU DO NOT RECEIVE A BALLOT BUT YOU BELIEVE THAT YOU MAY BE ENTITLED TO VOTE ON THE PLAN, YOU SHOULD IMMEDIATELY CONTACT THE DEBTORS’ COUNSEL AS SET FORTH BELOW AND REQUEST A BALLOT.
5. Objections to the Plan. The Court has established
|Mirick, O’Connell, DeMallie & Lougee, LLP||Office of the United States Trustee|
|1800 West Park Drive, Suite 400||for the District of Massachusetts|
|Westborough, MA 01581||John W. McCormack Post Office & Courthouse|
|Attn: Christine E. Devine, Esq.||5 Post Office Square, 10th Floor, Suite 1000|
|Attn: Joseph H. Baldiga, Esq.||Boston, MA 02109|
|Attn: Paul R.C. Bachtell, Esq.|
|Counsel to the Debtors||United States Trustee|
|Nixon Peabody LLP||Vinson & Elkins, LLP|
|100 Summer Street||666 Fifth Avenue, 26th Floor|
|Boston, MA 02110||New York, NY 10103|
|Attn: Lee Harrington, Esq.||Attn: Steven M. Abramowitz, Esq.|
|Counsel to the Creditors’ Committee||Counsel to the DIP Lenders and Noteholders|
ANY OBJECTIONS NOT FILED AND SERVED AS SET FORTH ABOVE WILL NOT BE CONSIDERED BY THE BANKRUPTCY COURT AND SHALL BE DEEMED WAIVED.
6. Confirmation Hearing. A hearing to consider confirmation of the Plan is scheduled for
7. Objections to Assumption of Executory Contracts and Unexpired Leases. Objections to the assumption or the assumption and assignment of executory contracts and unexpired leases as set forth on the Notice of (I) Assumption, Assignment, and Cure Amounts Regarding Executory Contracts and Unexpired Leases and (II) Objection Deadlines Related Thereto (the “Assumption and Cure Notice”), including objections to Cure Claim amounts, must (a) be in writing, (b) state the name and address of the objector, (c) comply with the Federal Rules of Bankruptcy Procedure and the Massachusetts Local Bankruptcy Rules, (d) state the legal basis therefor, (e) be filed and served on or before 4:30 p.m. Eastern Time on or before April 18, 2017, and (f) be filed with the Clerk,
8. Release, Exculpation, and Injunction Language in the Plan. Please be advised that Article X of the Plan contains various release, exculpation, and injunction provisions, including certain third-party release provisions. You should refer to Section 6.10 of the Disclosure Statement (Effect of Confirmation of the Plan) for additional information regarding the release, exculpation, and injunction provisions of the Plan.
YOU ARE ADVISED TO CAREFULLY REVIEW AND CONSIDER THE DISCLOSURE STATEMENT AND THE PLAN, INCLUDING THE RELEASE, EXCULPATION, AND INJUNCTION PROVISIONS, AS YOUR RIGHTS MIGHT BE AFFECTED.
Pursuant to the Disclosure Statement Order, the Debtors shall file and serve the Assumption and Cure Notice no later than
Requests for copies of documents as permitted in the Notice may be made to:
A copy of this Notice is also available on the Cosi website at http://files.getcosi.com/file/Notice-of-Confirmation-Hearing-Solicitation-Version-A3646218-3x7A575-.pdf, or at www.getcosi.com, in the footer of the page click on “Notice to Customers Regarding Chapter 11 Plan”.
About Così, Inc.
Così (http://www.getcosi.com) is an international fast casual restaurant company. At the heart of every Cosi® restaurant is an open-flame stone-hearth oven where the Così® signature flatbread is made from scratch throughout the day. The flatbread is made from a generations-old recipe and is part of many Così® favorites. Così® was founded on the idea that good-for-you food should be delicious. Menu items are made using fresh ingredients and distinctive sauces and spreads to create edgy flavors. The menu features made-to-order sandwiches, hand-tossed salads, bowls, breakfast wraps, melts, all natural soups, signature Squagels®, artisan flatbread pizzas, S`mores, snacks and desserts. Guests can also enjoy handcrafted beverages and a variety of coffee-based and specialty beverages.
Così® employees create a welcoming environment where guests are invited to relax and enjoy great food. In many cases, Così® is the cornerstone of the communities that they are in and take pride in supporting community organizations and local charities. There are currently 43 Company-owned and 31 franchise restaurants operating in fourteen states, the
"Così," "(Sun & Moon Design)" and related marks are registered trademarks of Così, Inc. in the
Additional information is available on Così's website at
http://www.getcosi.com in the investor relations section.
Kate P. Foley, Esq.Mirick O’Connell LLP email@example.com 508.898.1501 Counsel to Cosi, Inc.and Affiliated Debtors