Common use of Board Approval and Recommendation Clause in Contracts

Board Approval and Recommendation. The Board of Directors of the Company has determined that an immediate sale and assignment of the Assets pursuant to this Agreement under Sections 363 and 365 of the Bankruptcy Code is in the best interests of the Company.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Usn Communications Inc), Asset Purchase Agreement (Corecomm LTD)

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Board Approval and Recommendation. The Board of Directors of the Company Seller has determined that an immediate sale and assignment of the Assets pursuant to this Agreement under Sections 363 363, 365 and 365 105 of the Bankruptcy Code is in the best interests of the CompanySeller and its creditors.

Appears in 1 contract

Samples: Asset Purchase Agreement (Aphton CORP)

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Board Approval and Recommendation. The Board of Directors of --------------------------------- the Company has determined that an immediate sale and assignment of the Assets Company's assets pursuant to this Agreement under Sections sections 363 and 365 of the Bankruptcy Code is in the best interests of the Company.

Appears in 1 contract

Samples: Asset Purchase Agreement (DSG International LTD)

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