Assets to be Liquidated; Proceeds Sample Clauses

Assets to be Liquidated; Proceeds. Subject to entry by the Bankruptcy Court of the Sale Order in the Bankruptcy Case, and subject further to the terms of the Agency Agreement, the Liquidating Agent shall act as Seller’s exclusive agent for the purpose of liquidating the Liquidation Merchandise and Other Fixed Assets in (i) those Stores and the Distribution Center identified in Schedule 3.1 hereto, and (ii) such additional Stores and Business locations as Purchaser shall designate to Seller in writing prior to the expiration of the Liquidation Election Period (such locations, the “Designated Liquidation Locations”) through the conduct of “going out of business,” “store closing,” bankruptcy liquidation or similar themed sales or other types of sales described in the Agency Agreement (the “Store Closing Sales”). The terms, conditions and procedures applicable to the conduct of the Store Closing Sales in the Designated Liquidation Locations and as concerns the sale or other disposition of the Liquidation Merchandise and Liquidated Other Fixed Assets from the Designated Liquidation Locations are set forth in the Agency Agreement. Subject to entry by the Bankruptcy Court of the Sale Order, the Liquidating Agent or Purchaser shall be entitled to conduct Store Closing Sales at the Stores leased pursuant to the applicable Real Property Leases in accordance with the sale guidelines attached to the Agency Agreement. BOS 46,600,661 v6
Sample 1
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Assets to be Liquidated; Proceeds. Subject to entry by the Bankruptcy Court of the Sale Order in the Bankruptcy Case, and subject further to the terms of the Agency Agreement, the Purchaser shall act as Sellers’ exclusive agent for the purpose of liquidating the Inventory and Equipment in those Clearance Centers, Warehouses and Stores designated by the Purchaser from time-to-time from the date hereof through the Designation Deadline (such locations the “Store Closing Locations”) through the conduct of Store Closing Sales. The terms, conditions and procedures applicable to the conduct of the Store Closing Sales in the Store Closing Locations and the sale or other disposition of the Inventory, Equipment and Additional Agent Merchandise from the Store Closing Locations are set forth in the Agency Agreement; provided, however, notwithstanding any other provision of this Agreement or the Agency Agreement, no Additional Agent Merchandise shall be delivered to any Store Closing Location, or to any other Store, Warehouse or Clearance Center, until after the completion of the Inventory Taking at such Location.
Sample 1

Related to Assets to be Liquidated; Proceeds

  • PTO Cash Out Non-probationary employees who terminate shall be paid for all unused, accrued paid time off. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

  • XXXXX CASH 21 CONTRACTOR is authorized to establish a xxxxx cash fund in an amount not 22 to exceed two hundred and fifty dollars ($250.00).

  • Cash Payments Merchant may not receive any payments from a Cardholder for charges included in any Transaction resulting from the use of any Card nor receive any payment from a Cardholder to prepare and present a Transaction for the purpose of affecting a deposit to the Cardholder's Card account.

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  • Final Disposition Notwithstanding any other provision in this Agreement, no determination as to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding.

  • Cash Out In the event of a Change in Control, the Committee may, in its discretion and upon at least ten (10) days’ advance notice to the Participant, cancel the Option and pay to the Participant the value of the Option based upon the price per Share of Common Stock received or to be received by other shareholders of the Company in the event. Notwithstanding the foregoing, if at the time of a Change in Control the Exercise Price of the Option equals or exceeds the price paid for a Share of Common Stock in connection with the Change in Control, the Committee may cancel the Option without the payment of consideration therefor.

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • INTERIM ASSET SERVICING ARRANGEMENT (a) With respect to each asset (or liability) designated from time to time by the Receiver to be serviced by the Assuming Bank pursuant to this Arrangement (such being designated as "Pool Assets"), during the term of this Arrangement, the Assuming Bank shall:

  • Income from Debt-Claims 1. Income from debt-claims arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • Compensatory Time Cash Out All compensatory time must be used by June 30th of each year. If compensatory time balances are not scheduled to be used by the employee by April of each year, the supervisor will contact the employee to review their schedule. The employee’s compensatory time balance will be cashed out every June 30th or when the employee:

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