Acceptable Sale Process definition

Acceptable Sale Process means that on or about the Petition Date (a) Borrower shallhave filed a motion (the “Sale Motion”) pursuant to Section 363 of the Bankruptcy Code, in form and substance satisfactory to the Administrative Agent, to sell all or substantially all of the Credit Parties’ California Assets as provided by and in accordance with the Bid Procedures and (b) the Company shall have filed a motion (the “Bid Procedures Motion”), in form and substance satisfactory to the Administrative Agent, seeking approval of the Bid Procedures Order, which shall include the right of the Administrative Agent and the Pre-Petition Agent to Credit Bid in connection with any sale of Collateral or Pre-Petition Collateral (as the case may be).
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Acceptable Sale Process means the filing by Borrower of (i) a motion (the “Sale Motion”) pursuant to Section 363 of the Bankruptcy Code, in form and substance satisfactory to the Administrative Agent, to sell all or substantially all of Borrower’s assets and property or all of the Equity Interests of Borrower (a “Sale”), as provided by and in accordance with the Bid Procedures and (ii) a motion (the “Bid Procedures Motion”), in form and substance satisfactory to the Administrative Agent, seeking approval of the Bid Procedures, which shall include the right of the Administrative Agent and the Pre-Petition Administrative Agent to Credit Bid in connection with any sale of Collateral or Pre-Petition Collateral (as the case may be) and which, for the avoidance of doubt, shall otherwise be in form and substance satisfactory to the Administrative Agent. As used in the Loan Documents, “Acceptable Sale Process” refers, as the context may require, to both the occurrence of (a) and (b) in this definition and to the approved process for conducting an Auction and Sale set forth in the Sale Motion and the Bid Procedures Motion.
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Acceptable Sale Process means that on or about the Petition Date (a) Borrower shall
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Examples of Acceptable Sale Process in a sentence

  • Without limiting the foregoing, the CRO shall have full authority to (i) direct the Acceptable Sale Process and (ii) direct or instruct the Company and its Subsidiaries to take or cause the actions necessary or appropriate to achieve the Milestones.

  • The Sale Motion and the Bid Procedures Motion shallhave been filed as required by the Acceptable Sale Process.

  • The Borrower will not, and will not allow any other Person to, (a) use the Properties in a manner that is improper, dangerous, or otherwise not in compliance with Prudent Industry Practice or (b) move the Bennu Titan from its present location except in connection with a Sale pursuant to and in accordance with an Acceptable Sale Process.

  • On the receipt by the Borrower and/or the Debtor of any proceeds of a Sale pursuant to an Acceptable Sale Process, the Borrower shall prepay the Loans and permanently reduce the Commitment in an aggregate amount equal to 100% of such proceeds (net of amounts to be paid pursuant to the Acceptable Sale Process).

  • The Borrower will not sell, assign, convey, lease, allow the use of or otherwise transfer any property except a Sale pursuant to and in accordance with an Acceptable Sale Process.


More Definitions of Acceptable Sale Process

Acceptable Sale Process means that, within [●] days of entry of the Interim Order, (a) the Borrower shall have filed a motion (the “Sale Motion”) pursuant to Section 363 of the Bankruptcy Code, in form and substance satisfactory to the Agent, to sell all or substantially all of the Borrower’s assets and property of the Borrower (a “Sale”), as provided by and in accordance with the Bid Procedures and (b) the Borrower shall have filed a motion (the “Bid Procedures Motion”), in form and substance satisfactory to the Agent, seeking approval of the Bid Procedures, which shall include the right of the Agent and the Prepetition Agent to Credit Bid in connection with any sale of Collateral or Prepetition Collateral (as the case may be) and which, for the avoidance of doubt, shall otherwise be in form and substance satisfactory to the Agent. As used in the Loan Documents, “Acceptable Sale Process” refers, as the context may require, to both the occurrence of (a) and (b) in this definition and to the approved process for conducting an Auction and Sale set forth in the Sale Motion and the Bid Procedures Motion.
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Related to Acceptable Sale Process

  • Sale Process means all matters, whether occurring before, on or after the date of this Agreement, relating, directly or indirectly, to the sale of any interest in the Seller or any of the BComm Companies or any of their respective assets, including any arrangement with their respective bondholders and other creditors or other debt restructuring (and review of strategic alternatives with respect to any such transactions), and all activities in connection therewith, including matters relating to: (a) the solicitation of proposals from, and negotiating with, third parties, including the Purchasers, and (b) the drafting and negotiation of any of the provisions of any of the Transaction Documents.

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;

  • Random selection process means a process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery).

  • Acceptable Waste means ordinary household, municipal, institutional, commercial and industrial Solid Waste including, but not limited to, the following:

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • Net Sale Proceeds means, with respect to any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any Designated Non-cash Consideration received in any Asset Sale), an amount in cash equal to the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such Asset Sale, net of (i) costs of, and expenses associated with, such Asset Sale (including fees and commissions), (ii) any taxes paid or payable as a result of such Asset Sale (including Borrower’s good faith estimate of any incremental income taxes that will be payable as a result of such Asset Sale, including pursuant to tax sharing arrangements or any tax distributions), (iii) payments of unassumed liabilities relating to the assets sold and required payments of any Indebtedness or other obligations (other than the Loans and Indebtedness secured on a pari passu or junior basis to the Loans) which are secured by the assets which were sold or would be in default under the terms thereof as a result of such Asset Sale, (iv) amounts provided as a reserve in accordance with U.S. GAAP against any liabilities under any indemnification obligation or purchase price adjustment associated with such Asset Sale (provided that to the extent and at the time any such amounts are released from such reserve to Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds), (v) cash escrows from the sale price for such Asset Sale (provided that to the extent and at the time any such amounts are released from escrow to Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds) and (vi) to the extent such Asset Sale involves any disposition of Investments made after the Closing Date, the permissibility of which was contingent upon the utilization of the Available Amount, the portion of the Available Amount so utilized in connection with such initial Investment.

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • RFP Process or “Bidding Process” means the process governing the submission and evaluation of the Bids as set out in the RFP itself;

  • Unassigned medication for respiratory distress means albuterol, levalbuterol, or another medication designated by the executive commission of the Health and Human Services Commission for treatment of respiratory distress, prescribed by an authorized health-care provider in the name of the district with a non-patient-specific standing delegation order for the administration of a medication for respiratory distress, and issued by an authorized health-care provider.

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Successful Bidder” or “Successful E-Auction Process Participant means, the Qualified Bidder whose bid is approved and who is declared successful by the Liquidator at the end of the determined auction phase.C. INTRODUCTION

  • Operational Flow Order means any directive issued to a Customer by KUB which requires the Customer to adjust Deliveries to KUB or deliveries of non-Firm gas to the Customer by KUB.

  • Competitive Process means either an Open Competition or an Invitational Competition;

  • Secondary dose monitoring system means a system which will terminate irradiation in the event of failure of the primary dose monitoring system.

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Below Threshold Asset Sale Proceeds shall have the meaning assigned to such term in the definition of the term “Cumulative Credit.”

  • Approved Valuation Firm means, with respect to any Collateral Obligation, any valuation firm either (a) specified on the related Asset Approval Request and approved on the related Approval Notice or Reinvestment Request or (b) otherwise approved in writing by the Administrative Agent in its reasonable discretion.

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Signaling Transfer Point (“STP”) means a signaling point that performs message routing functions and provides information for the routing of messages between signaling points within or between CCIS networks. A STP transmits, receives and processes CCIS messages.

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Asset Sale Proceeds means, with respect to any Asset Sale,

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.

  • Automatic Route Selection or “ARS” means a service feature associated with a specific grouping of lines that provides for automatic selection of the least expensive or most appropriate transmission facility for each call based on criteria programmed into the system.

  • Toll Billing Exception Service (TBE) means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.