Asset Sale Order definition

Asset Sale Order means an order of the Bankruptcy Court, in form and substance satisfactory to Agent, approving the Asset Sale and distribution of proceeds to the Agent.
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Asset Sale Order means a Final Order approving the Asset Sale satisfactory to the Purchasers, which Asset Sale Order shall, among other things, (i)(a) approve this Agreement and the transactions contemplated hereby, and (b) authorize and direct the Sellers to execute and deliver such documents and take all other actions as may be necessary to consummate the transaction, (ii) provide that the Acquired Assets are being sold to Acquisition free and clear of all Liens, Claims, Orders and Indebtedness pursuant to and to the extent permitted by section 363(f) of the Bankruptcy Code except for Permitted Liens, (iii) approve the assumption and assignment to Acquisition of the Assigned Contracts, (iv) provide that the assignment of the Assigned Contracts will not be taxed under any laws imposing stamp, sales, use or other similar Taxes pursuant to Section 1146(c) of the Bankruptcy Code, (v) provide that none of the Purchasers shall be subject to any successor or vicarious liability as a result of the consummation of the transactions contemplated by this Agreement, (vi) provide that each of the Purchasers constitutes a good faith purchaser entitled to all of the protections under Section 363(m) of the Bankruptcy Code, (vii) provide that all Persons are enjoined from instituting any action or proceeding against the Purchasers or their officers, directors, employees, Affiliates and their agent, or any of their respective assets including, without limitation the Assets, with respect to any action, or failure to take action, by the Sellers or to enforce or collect any claim, cause of action, right or remedy against the Sellers or any of their Subsidiaries, except, in each case, with respect the Assumed Liabilities, and (viii) provide that the Bankruptcy Court shall retain jurisdiction to enforce the terms and conditions of the Asset Sale Order.
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Asset Sale Order means the order approving the sale of the Acquired Assets, which Asset Sale Order shall, among other things, (i) approve this Agreement and the transactions contemplated hereby, and (ii) contain the other provisions set forth in Exhibit L hereof (it being understood that certain of such provisions must constitute findings of fact or conclusions of law to be made by the Bankruptcy Court as part of the Asset Sale Order).
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Examples of Asset Sale Order in a sentence

  • The De Minimis Asset Sale Order authorized the Debtors to consummate smaller asset sales on forty-eight (48) hours’ notice without further order of the Court, provided that an objection was not received from any of the identified notice parties.

  • See Section III.E.5.b. herein for further discussion of sales consummated pursuant to the De Minimis Asset Sale Order.

  • PLEASE TAKE FURTHER NOTICE that if no Objections are received by the Debtor by the Objection Deadline, then the Debtor may proceed with the Proposed Sale in accordance with the terms of the Miscellaneous Asset Sale Order.

  • Pursuant to the De Minimis Asset Sale Order, the Debtors were able to consummate a number of transactions involving the transfer of $25,000 or less in total consideration to a single buyer or group of related buyers per location (with total sales to a single buyer or group of buyers not to exceed $125,000 in the aggregate).

  • Moreover, on June 29, 2015, the Court entered an order [Docket No. 488] (the “Second Miscellaneous Asset Sale Order” and together with the De Minimis Asset Sale Order and the First Miscellaneous Asset Sale Order, the “Miscellaneous Asset Sale Orders”) establishing procedures for the sale of assets located at former Zenith teach-out locations and other locations not covered by the previous orders.

  • Pursuant to the De Minimis Asset Sale Order, the Debtors were able to consummate a number of transactions involving the transfer of $25,000 or less in total consideration to a single buyer or group of related buyers per location (with total sales to a singlebuyer or group of buyers not to exceed $125,000 in the aggregate).

  • Functionality refers to the ability of physical infrastructure to meet program delivery needs.

  • The Debtors closed the sale under the IP Asset Sale Order on February 24, 2017 and a portion of the cash proceeds of the sale was used to repay the DIP Facility and the balance due under the Prepetition Term Secured Credit Facility.

  • The Interim Lender Facility and the APA are specifically linked together such that funding under the Interim Lender Facility by Trafigura would only occur if the Asset Sale Order were granted by this Honourable Court and vice versa.

  • WHEREAS, pursuant to the Miscellaneous Asset Sale Order, Seller served a Notice of Proposed Sale of Miscellaneous Assets Pursuant to the Miscellaneous Asset Sale Procedures (the “Miscellaneous Asset Sale Notice”) on the Interested Parties (as defined in the Miscellaneous Asset Sale Order).


More Definitions of Asset Sale Order

Asset Sale Order means a Final Order approving the Asset
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Related to Asset Sale Order

  • Sale Order means an order or orders of the Bankruptcy Court in form and substance reasonably acceptable to Buyer and Seller approving this Agreement and all of the terms and conditions hereof, and approving and authorizing Seller to consummate the Transactions.

  • Disclosure Statement Approval Order means the Final Order approving, among other things, the adequacy of the Disclosure Statement pursuant to section 1125 of the Bankruptcy Code.

  • Approval Order means an order entered by the Bankruptcy Court, pursuant to Sections 363 and 365 of the Bankruptcy Code, authorizing and approving, among other things, (a) the sale of the Purchased Assets (b) the assumption of the Assumed Liabilities by Purchaser and (c) the assumption and assignment of the Purchased Contracts, in accordance with the terms and conditions of this Agreement, which will be in a form and substance reasonably acceptable to the Parties.

  • Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • Final Approval Order means the order and final judgment approving the Settlement Agreement, implementing the terms of this Settlement Agreement, and dismissing the Class Action with prejudice, to be proposed by the Settling Parties for approval by the Court, in substantially the form attached as Exhibit 5 hereto.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Final Order means, as applicable, an order or judgment of the Bankruptcy Court or other court of competent jurisdiction with respect to the relevant subject matter that has not been reversed, stayed, modified, or amended, and as to which the time to appeal or seek certiorari has expired and no appeal or petition for certiorari has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be filed has been resolved by the highest court to which the order or judgment could be appealed or from which certiorari could be sought or the new trial, reargument, or rehearing shall have been denied, resulted in no modification of such order, or has otherwise been dismissed with prejudice.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • Disclosure Statement Order means the order of the Bankruptcy Court approving the Disclosure Statement.

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;