Bankruptcy Court Approval Order Sample Clauses

Bankruptcy Court Approval Order. Seller shall promptly, but not later than five (5) business days from the date of execution of this Agreement, make a motion to the Bankruptcy Court seeking entry of an order pursuant to Sections 363(b) and 363(f) of the Bankruptcy Code approving this Agreement and the transactions contemplated hereunder. Such motion shall be made in accordance with such terms, conditions and procedures as the Bankruptcy Court may deem appropriate and shall be subject to higher and better offers and other requirements. Seller shall use its best efforts in good faith to cause the issuance of the Bankruptcy Court Approval Order. Seller shall also obtain confidentiality, nondisclosure and indemnity agreements from prospective purchasers or bidders prior to disseminating any confidential or proprietary information with respect to the Company to such prospective purchasers or bidders.
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Bankruptcy Court Approval Order. (a) From October 28, 1995, through and until November 27, 1995, and only during such period, if the Bankruptcy Court Approval Order has not been entered at the time, Purchaser shall have the right, at its option, to terminate this Agreement and to abandon the transactions contemplated hereby by providing written notice to Seller in accordance with Section 12.7.
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Bankruptcy Court Approval Order. The Bankruptcy Court shall have entered an order approving this Agreement and the transactions contemplated hereby in substantially the form attached as Exhibit C, with such modifications as may be reasonably acceptable to the parties (the “Bankruptcy Court Approval Order”), and the Bankruptcy Court Approval Order is not subject to any injunction or stay of effectiveness, including without limitation any stay pending appeal. Without in any way limiting the foregoing, the Bankruptcy Court Approval Order shall:
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Bankruptcy Court Approval Order. Promptly following the Execution Date, the Xxxxxx Parties will file a motion with the Bankruptcy Court seeking approval of the Settlement Agreement and the Settlement Transactions, it being agreed and understood by Swedbank that neither Xxxxxx Party makes any assurance or guarantee of any kind that the Bankruptcy Court Approval Order will be received.
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Related to Bankruptcy Court Approval Order

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Interim Order The notice of motion for the application referred to in Section 2.1(a) shall request that the Interim Order provide, among other things:

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

  • Plan of Reorganization (a) If, in any Insolvency Proceeding involving a Grantor, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of First Lien Obligations and on account of Second Lien Obligations, then, to the extent the debt obligations distributed on account of the First Lien Obligations and on account of the Second Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations.

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