Common use of SECTION 363 ORDER Clause in Contracts

SECTION 363 ORDER. The term "Section 363 Order" shall mean the order entered by the Court pursuant to Bankruptcy Code ss.363 approving Seller's sale of the Purchased Assets (as defined in Section 2.1 below) to Buyer free and clear of any and all liens, security interests, and adverse interests of any kind, the form of which shall be agreed to by the parties hereto.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Tesseract Group Inc), Purchase and Sale Agreement (Tesseract Group Inc)

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SECTION 363 ORDER. The term "Section 363 Order" shall mean the order entered by the Court pursuant to Bankruptcy Code ss.363 approving Seller's sale of the Land and the Purchased Assets (as defined in Section SECTION 2.1 below) to Buyer free and clear of any and all liens, security interests, and adverse interests of any kindkind including the JEBCO Loan, the form of which shall be agreed to by the parties hereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tesseract Group Inc)

SECTION 363 ORDER. The term "Section 363 Order" shall mean the order entered by the Court pursuant to Bankruptcy Code ss.363 approving Seller's sale of the Purchased Assets (as defined in Section 2.1 below) to Buyer free and clear of any and all liens, security interests, and adverse interests of any kind, the form of which shall be agreed to by the parties hereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tesseract Group Inc)

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SECTION 363 ORDER. The term Xxx xxxx "Section 363 OrderXxxxxxx 000 Xxxxx" shall mean the order entered by the Court pursuant to Bankruptcy Code ss.363 approving Seller's sale of the Purchased Assets (as defined in Section SECTION 2.1 below) to Buyer free and clear of any and all liens, encumbrances, claims, security interests, and adverse interests of any kind, the form of which shall be agreed to by the parties hereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tesseract Group Inc)

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