Bankruptcy Court Approval and Related Matters Sample Clauses

Bankruptcy Court Approval and Related Matters. The Buyer acknowledges and agrees to Article 11 and shall use reasonable best efforts to assist the Sellers in obtaining any orders necessary to consummate the transactions contemplated hereby and any orders ancillary hereto and agree to provide the Sellers with information necessary to obtain such orders.
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Bankruptcy Court Approval and Related Matters. (a) Buyer hereby waives the fourteen (14) day waiting period applicable under the Bankruptcy Code for the Sale Order to become final and non-appealable after the issuance thereof by the Bankruptcy Court subject to the finding that Buyer is a good faith purchaser as more fully set forth in the definition of Sale Order herein. Buyer shall execute and deliver such other documents and instruments as may be necessary or desirable or that Seller may reasonably request in order to give effect to such waiver.‌
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Bankruptcy Court Approval and Related Matters. The Buyer shall use reasonable best efforts to assist the Sellers in obtaining any Orders necessary to consummate the transactions contemplated hereby and any Orders ancillary hereto and agree to provide the Sellers with information necessary to obtain such Orders.
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Bankruptcy Court Approval and Related Matters. (i) Each Seller shall (in each case, in accordance with all applicable requirements of, and procedures under, the Bankruptcy Code and subject in all cases to the approval of the Bankruptcy Court) use their commercially reasonable efforts to (a) assign to the Buyer purchasing the assets of such Seller hereunder at the Closing, each of the Assumed Contracts to which it is a party, in accordance with the provisions of Section 2(a) and (c) above, (b) seek the approval of the Sale Order approving the sale of the Purchased Assets to such Buyer, and thereafter take all actions as may be reasonably necessary to cause Such Order to be issued, entered and become a Final Order, and (c) timely serve a copy of the Sale Order upon any and all parties in interest entitled or required to receive notice under all applicable laws, rules and regulations and orders of the Bankruptcy Court, including but not limited to, all governmental taxing authorities or agencies in the jurisdictions where the Seller conducts or previously conducted business prior to the hearing on such motion.
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Bankruptcy Court Approval and Related Matters. (i) Sellers shall use their commercially reasonable efforts to file the Chapter 11 Case by May 24, 2004 (the Petition Date”).
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Bankruptcy Court Approval and Related Matters. (a) Sellers shall use commercially reasonable efforts to convince the Bankruptcy Court to permit the Non-Auction Plan Sale to proceed. In the event that the Bankruptcy Court authorizes a Non-Auction Plan Sale, within ten (10) Business Days after such authorization, Sellers shall file a plan of reorganization and accompanying disclosure statement incorporating the terms of, and otherwise consistent with, this Agreement. If the Bankruptcy Court does not permit the Non-Auction Plan Sale to proceed, but instead requires Sellers to proceed by an Auction Sale, Sellers shall use commercially reasonable efforts to convince the Bankruptcy Court to approve Buyer as the initial bidder in the Auction Sale. If Buyer is approved as such initial bidder, and if Sellers do not receive any offer for the Assets submitted in compliance with such bidding procedures that is higher and better than that provided herein pursuant to Sections 2.1(c) and (d) or if Buyer is otherwise the winning bidder in the Auction Sale, then within three (3) Business Days after Buyer notifies Sellers (such notice shall be given to Sellers within forty-eight (48) hours of Buyer being deemed the winning bidder) whether it wishes Sellers to seek approval of the sale of the Assets pursuant to a plan of reorganization or a sale under Section 363 of the Bankruptcy Code, in either case incorporating the terms of this Agreement, Sellers shall file, as requested, (i) a plan of reorganization and accompanying disclosure statement or (ii) a Sale Motion, in either case in form and substance reasonably satisfactory to Buyer and consistent with the terms of this Agreement.
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Bankruptcy Court Approval and Related Matters. Buyer acknowledges and agrees to the covenants set forth in Section 5.7.
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Bankruptcy Court Approval and Related Matters. The Parties acknowledge and agree as follows:
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Related to Bankruptcy Court Approval and Related Matters

  • Bankruptcy Court Matters Promptly, copies of all pleadings, motions, applications, and other documents filed by any Credit Party with the Bankruptcy Court or distributed by any Credit Party to the office of the United States Trustee or to any official committee of creditors or interest holders.

  • Bankruptcy Court Approval (a) Sellers shall use all commercially reasonable efforts to obtain Bankruptcy Court approval of the Sale Order which, among other things, will contain findings of fact and conclusions of law (i) finding that this Agreement was proposed by the parties in good faith and represents the highest and best offer for the Purchased Assets; (ii) finding that Purchaser is a good faith purchaser under Section 363(m) of the Bankruptcy Code and that the provisions of Section 363(n) of the Bankruptcy Code have not been violated; (iii) authorizing and directing Sellers to consummate the transaction contemplated by this Agreement and sell only the Purchased Assets to Purchaser pursuant to this Agreement and Sections 363 and 365 of the Bankruptcy Code, free and clear of all Encumbrances (including any and all “interests” in the Purchased Assets within the meaning of Section 363(f) of the Bankruptcy Code), other than the Assumed Liabilities and the Permitted Encumbrances, such that Purchaser shall not incur any liability as a successor to the Business; (iv) authorizing and directing Sellers to execute, deliver, perform under, consummate and implement, this Agreement, together with all additional instruments and documents that may be reasonably necessary or desirable to implement the foregoing; (v) finding that Purchaser is not a successor in interest to Sellers or otherwise liable for any Retained Liability, (vi) finding that Purchaser’s acquisition of the Purchased Assets and assumption of the Assumed Liabilities does not reflect a significant continuity of the business of Sellers and permanently enjoins each and every holder of a Retained Liability from commencing, continuing or otherwise pursuing or enforcing any remedy, claim or cause of action against Purchaser relative to such Retained Liability; (vii) finding that the sale of the Purchased Assets does not constitute a sub xxxx plan of reorganization; and (viii) directing Sellers, at the direction of the Purchaser, to immediately consummate the sale of the Purchased Assets without awaiting the expiration of any applicable time period for appealing the Sale Order.

  • Court Approval This Agreement is subject to approval of the courts with respect to participating carriers in the hands of receivers or trustees.

  • Bankruptcy Court Order The Interim Bankruptcy Court Order or the Final Bankruptcy Court Order, as the case may be, is in full force and effect, and has not been reversed, stayed, modified or amended absent the consent of the Agent and the Borrower.

  • Approval Order The Bankruptcy Court shall have entered the Approval Order and such Order shall be a Final Order.

  • Sale Order The Bankruptcy Court shall have entered the Sale Order and the Sale Order shall have become a Final Order.

  • Final Order If the Interim Order is obtained and the Arrangement Resolution is approved at the Company Meeting in accordance with the terms of the Interim Order, the Company shall take all steps necessary to submit the Arrangement to the Court and diligently pursue an application for the Final Order pursuant to section 182 of the OBCA, as soon as reasonably practicable, but in any event not later than three Business Days, after the Arrangement Resolution is passed at the Company Meeting as provided for in the Interim Order.

  • Court Orders ICANN will respect any order from a court of competent jurisdiction, including any orders from any jurisdiction where the consent or non-­‐objection of the government was a requirement for the delegation of the TLD. Notwithstanding any other provision of this Agreement, ICANN’s implementation of any such order will not be a breach of this Agreement

  • No Court Order There is no order by any court providing for the revocation, alteration, limitation or other impairment of the Statute, the Financing Order, the Securitization Property or the Securitization Charges or any rights arising under any of them or that seeks to enjoin the performance of any obligations under the Financing Order.

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