Assumption Motion definition

Assumption Motion shall have the meaning given to such term in the definition of “Delta Case Milestones”.
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Assumption Motion has the meaning set forth in Section 8.1(d)(iii). -----------------
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Assumption Motion means the motion to be filed by the Debtors which will be in form and substance satisfactory to Buyer and Buyer's counsel seeking an order assuming and assigning those contracts, licenses and/or leases listed on Schedule 5.5(g) to this Agreement (which contracts, leases and/or licenses can be changed prior to the entry of the Assumption Order) pursuant to 5.1 of this Agreement.
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Examples of Assumption Motion in a sentence

  • The material terms of the PCbtH Settlement shall be set forth in the PCbtH Assumption Motion.

  • The Debtors shall seek to assume the Amended PCbtH Contracts pursuant to the PCbtH Assumption Motion, which shall be scheduled for approval at the Confirmation Hearing.

  • The Bankruptcy Court entered an order granting the Lease Assumption Motion on May 29, 2018 [Docket No. 379].

  • The VIH Assumption Motion sought authority for BriLog to assume the leases of two Sikorsky model S-92A helicopters from VIH Aviation Group Ltd., which helicopters were critical to the Debtors being able to fulfill their obligations under a new customer contract with BP plc.

  • In the event that Tenant does not promptly file an Assumption Motion and exercise commercially reasonable efforts to obtain Court approval thereof, then at Landlord’s election this Amendment shall be rendered void and without force or effect upon the delivery of written notice by Landlord to Tenant and the failure by Tenant to cure any such alleged act within seven (7) days following the delivery of such notice.

  • Subject to section 8.4 regarding the extension of the time to assume or reject any executory contract or lease where a dispute as to any cure amount is still pending as of the Effective Date, any executory contract or unexpired lease that is not (i) assumed in accordance with the Plan Assumption Motion, (ii) previously assumed or rejected by order of the Bankruptcy Court, or (iii) the subject of any motion to assume or reject, is hereby rejected as of the Effective Date.

  • The balance of lessors not subject to either the Assumption Motion or the Rejection Motions—five lessors, in total—remain in active negotiations with the Debtors regarding their leased aircraft.

  • If the Bankruptcy Court determines that the cure amount is greater than the cure amount listed by the Debtors in accordance with the procedures set forth in the Plan Assumption Motion or this Plan, as applicable, the Debtors (prior to the Effective Date) or New Global Crossing or the Reorganized Subsidiary Debtor party to such contract, lease, ASR, or Interconnection Agreement, as the case may be (after the Effective Date) may reject the contract rather than paying such greater amount.

  • Kmart objected to the Assumption Motion and filed its own cross-motion for relief from the automatic stay to exercise certain termination provisions of the Master Agreement.

  • On July 9, 2019, the Bankruptcy Court entered an order granting the VIH Assumption Motion [Docket No. 386].


More Definitions of Assumption Motion

Assumption Motion shall have the meaning assigned thereto in Section 1.4(B).
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Assumption Motion means a motion to assume executory contracts,
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Assumption Motion shall have the meaning assigned to such term in the fourth recital hereto.
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Assumption Motion shall have the meaning set forth in the definition of “American Case Milestones”.
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Related to Assumption Motion

  • Sale Motion means the motion or motions of Sellers filed with the Bankruptcy Court seeking approval and entry of the Sale Order.

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • Assumption Agreement has the meaning specified in Section 2.18(d)(ii).

  • Assumption Date has the meaning set forth in Section 9.23 of the Sale and Servicing Agreement.

  • Assumption The process whereby, on sale or transfer of a legal or beneficial interest in a Mortgaged Property, the new owner of such Mortgaged Property becomes legally obligated under the terms of the related existing Security Instrument, Mortgage Note and any addenda and riders to such Security Instrument or Mortgage Note. Subsequent to the Assumption, the new owner of the property shall be deemed to be the Borrower under the related Mortgage Loan Documents.

  • Sale Hearing means the hearing conducted by the Bankruptcy Court to approve the transactions contemplated by this Agreement.

  • Bid Procedures Order means an Order of the Bankruptcy Court that (a) is in substantially the form set forth as Exhibit A to this Agreement or otherwise in a form reasonably satisfactory to the Sellers and acceptable to the Buyer in its sole discretion, and (b) approves procedures for the solicitation and consideration of competitive bids for the Assets under the terms and conditions of this Agreement and authorizing the protections set forth in Article 11 for the Buyer.

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.

  • Bankruptcy Court has the meaning set forth in the Recitals.

  • Preliminary Approval Order means the proposed Order Granting Preliminary Approval of Class Action Settlement, Approving Form and Manner of Notice, and Setting Date for Hearing on Final Approval of Settlement, which, subject to the approval of the Court, shall be substantially in the form attached hereto as Exhibit A.

  • Closing protection letter means an agreement by the division to indemnify a lender or owner or both for loss caused by a division closer’s theft of settlement funds or failure to comply with written closing instructions relating to title certificate coverage when agreed to by the division closer.

  • 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.

  • 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.

  • 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.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • Bidding Procedures Order means that certain order of the Bankruptcy Court, entitled “Order (A) Approving Sale Procedures and Bid Protections, Including Break-Up Fee(s), In Connection With Sale Of Substantially All Assets; (B) Scheduling An Auction For And Hearing To Approve One Or More Sales; (C) Approving Notice Of Respective Date, Time And Place For Auction And For Hearing On Approval Of Sale(s),” entered on January 16, 2009.

  • U.S. Bankruptcy Court means the United States Bankruptcy Court for the Southern District of New York.

  • Lead Member of the Bidding Consortium or “Lead Member” shall mean a company who commits at least 26% equity stake in the Project, meets the technical requirement as per Clause 2.1.2and so designated by other Member(s) in Bidding Consortium;

  • Preliminary Closing Statement shall have the meaning set forth in Section 2.3(a).

  • Approval Letter means the letter from WRAS to the Applicant confirming the grant of WRAS Approval in respect of a Product;

  • Debtor Release means the release given on behalf of the Debtors and their Estates to the Released Parties as set forth in Article VIII.D of the Plan.

  • Guarantee Assumption Agreement means a Guarantee Assumption Agreement substantially in the form of Exhibit A by an entity that, pursuant to Section 8.12(a), is required to become a “Subsidiary Guarantor” hereunder in favor of the Lenders.

  • UCC Financing Statement A financing statement filed, or to be filed, pursuant to the UCC.

  • Agreement of Merger has the meaning set forth in Section 2.01(b).