363 Sales definition

363 Sales means the sales of substantially all of the Debtors’ Assets as set forth in, and in accordance with, the 363 Sale Documents, including the sale of the CT Assets, CTL Assets, MCT Assets, CCC Assets, and the CTTS Repair Assets.
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Examples of 363 Sales in a sentence

  • On May 23, 2011, Company filed a bankruptcy petition under the United States Bankruptcy Code (11 U.S.C. et seq.) (the “Bankruptcy Code”), with the intention of consummating one or more sales pursuant to section 363 of the Bankruptcy Code (“363 Sales”) of Company’s assets, which 363 Sales are expected to generate sufficient Net Cash Proceeds to repay all Indebtedness of Company owing to ▇▇▇▇▇ Fargo.

  • The rights of the Agent (on behalf of the Lenders) to direct the Debtors to conduct one or more 363 Sales on shortened notice and to file a motion for approval of a 363 Sale on the Debtors’ behalf if the Debtors fail to timely file such motion are material remedies without which the Lenders would not provide the Loan.

  • Company has asked ▇▇▇▇▇ Fargo to provide it with a $5,000,000 debtor-in-possession line of credit (the “Post-Petition Line of Credit”) for working capital purposes and to facilitate the issuance of letters of credit pending the consummation of the 363 Sales and repayment of the Indebtedness of Company to ▇▇▇▇▇ Fargo, and termination of the Pre-Petition Credit Agreement.