Assignment Motion definition
Examples of Assignment Motion in a sentence
The Sale and Assignment Motion shall have been brought on for the Sale and Assignment Hearing on or before March 31, 1997.
Subject to Section 1.3, the Assigned Contracts shall be identified on an exhibit to the Assignment Motion.
Sellers shall provide appropriate notice of the hearings on the Sale Motion and the Assignment Motion and the Auction, as is required by the Bankruptcy Code and the Federal Rules of Bankruptcy Procedure to all parties entitled to notice, including, but not limited to, all parties to the Assigned Contracts and all taxing and environmental authorities in jurisdictions applicable to Sellers.
Other than the Assignment Motion, Sellers shall not file any motion seeking to assume or reject any Assigned Contract under Section 365 of the Bankruptcy Code without the prior written consent of Purchaser.
Thereafter, Sellers shall undertake all reasonable efforts in support of the Sale Motion and the Assignment Motion, and Purchaser agrees to cooperate in such efforts.
Prior to the filing of the Sale and Assignment Motion, Sellers shall consult with Purchaser about the scope, manner and form of notice for the hearing on the Sale and Assignment Motion (the "Sale and Assignment Hearing"), and Sellers shall provide proper notice of such motion in accordance with applicable law.
As promptly as practicable after the date hereof, Sellers shall file a motion (the "Sale and Assignment Motion") with the Bankruptcy Court pursuant to Sections 363 and 365 of the Bankruptcy Code, in a form reasonably acceptable to Purchaser, seeking an order (the "Sale and Assignment Order") approving the sale, assignment and transfer of the Assets free and clear of all Encumbrances.
The Assignment Motion shall include a schedule of the Proposed Assumed Contracts together with the Cure Amounts relating thereto, and shall be served on the counterparties to the Proposed Assumed Contracts.
As promptly as practicable after the date hereof, Sellers shall file a motion (the "Sale and Assignment Motion") with the Bankruptcy Court pursuant to Sections 363 and 365 of the Bankruptcy Code, in a form reasonably acceptable to Purchaser, seeking an order (the "Sale and Assignment Order") approving the sale, assignment and transfer of the Business Assets free and clear of all Encumbrances.
The Sale and Assignment Order by the Bankruptcy Court in form satisfactory to counsel to Purchaser shall have been entered granting the relief requested pursuant to the Sale and Assignment Motion, and the Sales and Assignment Order shall have been entered by March 31, 1997 and not stayed.