Assumption Procedures definition

Assumption Procedures means those procedures applicable to the depopulation of CITIZENS policies under subparagraphs (p) 3-6 of Subsection 627.351 (6), Section 627.3511, and Section 627.3517, Florida Statutes, and this Agreement, as set forth in Exhibit D attached hereto.
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Assumption Procedures means the procedures adopted by the Commissioner for use with the Depopulation Program, 28 TAC §5.4301 et seq., attached as Exhibit B.
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Assumption Procedures means the procedures for the assumption and assignment of Executory Contracts as contemplated in this Agreement, the Bidding Procedures and the Bidding Procedures Order.
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Examples of Assumption Procedures in a sentence

  • The Debtors propose that if a party in interest fails to timely object to an assumption and assignment consistent with the Assumption Procedures, such party shall be deemed to “consent” to such assumption and assignment within the meaning of section 363(f)(2) of the Bankruptcy Code.

  • The Debtor is hereby authorized to execute and deliver all instruments and documents, and take such other actions, as may be necessary or appropriate to implement and effectuate the Rejection and Assumption Procedures as approved by this Order.

  • Approval of the Assumption Procedures and the Cure Notice as requested herein will allow Contract Parties sufficient time to review the Cure Notice and file any objections to Cure Amounts prior to the Combined Hearing.

  • The Debtors have articulated good and sufficient reasons for this Court to:(a) approve the Bidding Procedures attached hereto as Exhibit 1; (b) schedule the Bid Deadline, the Auction, the Sale Objection Deadline, and the Sale Hearing; and (c) approve the form of the Sale Notice attached hereto as Exhibit 2; (d) approve the Assumption Procedures and the formand manner of notice of the Cure Notice attached hereto as Exhibit 3; and (e) grant related relief.

  • The Debtors are authorized to assume and assign the Additional Contracts, identified on Schedule 1 attached hereto, to the Assignee, effective as of the date of the Closing.For the avoidance of doubt, the payment of applicable cure cost, if any (as established pursuant to the Assumption Procedures under the Bidding Procedures Order), shall be paid by the Buyer.

  • Payment of Cure Costs required to assume the Additional Contracts, if any (as established pursuant to the Assumption Procedures under the Bidding Procedures Order), shall be paid by the Buyer.

  • It may be beneficial for ASEAN economies, therefore, to begin by improving transport links with regional partners and increasing the competitiveness of key service sectors.

  • On March 14, 2023, the Court entered an order [Docket No. 127] granting the relief requested in the Contract Assumption Procedures Motion, including procedures for the Debtors to notify counterparties of proposed amounts to cure monetary defaults under the Debtors’ executory contracts and unexpired leases and for counterparties to respond to such notice.

  • The Assumption Procedures as set forth in the Motion are approved.

  • In accordance with the proposed Assumption Procedures, if a party in interest timely objects to an assumption and assignment of a Contract consistent with the Assumption Procedures, and such objection is not withdrawn or resolved, the Debtors shall file a notice of hearing consistent with the Assumption Procedures.


More Definitions of Assumption Procedures

Assumption Procedures means those procedures required by CITIZENS to comply with the provisions of Section 627.3517, Florida Statutes, and this Agreement, as set forth in Exhibit E attached hereto.
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Related to Assumption Procedures

  • Auction Procedures means the Auction Procedures that are set forth in Paragraph 10 of the Articles Supplementary.

  • Reconciliation Procedures has the meaning set forth in Section 2.3(a) of this Agreement.

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Bidding Procedures means the procedures governing the Auction and sale of all or substantially all of the Debtors’ assets, as approved by the Bankruptcy Court and as may be amended from time to time in accordance with their terms.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • Ordering Procedures means the ordering and award procedures specified in Clause 6 (Ordering Procedures) and Framework Schedule 5 (Ordering Procedure);

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.

  • Remarketing Procedures means the procedures for conducting Remarketings set forth in Part II of these Articles Supplementary.

  • Servicing Procedures means the servicing procedures of Ford Credit relating to retail installment sale contracts originated or purchased by Ford Credit as the procedures may change.

  • Customary Servicing Procedures means procedures (including collection procedures) that the Assuming Institution (or, to the extent a Third Party Servicer is engaged, the Third Party Servicer) customarily employs and exercises in servicing and administering mortgage loans for its own accounts and the servicing procedures established by FNMA or FHLMC (as in effect from time to time), which are in accordance with accepted mortgage servicing practices of prudent lending institutions.

  • Policies and Procedures means the written policies and procedures of the Client in any way related to the Services, including any such policies and procedures contained in the Organic Documents and the Offering Documents.

  • 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).

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Variation Procedure means the procedure for carrying out a Variation as set out in Clause 16.1 (Variation Procedure);

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • MERS Procedures Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • 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.

  • Solicitation Procedures Order means the order of the Bankruptcy Court or other court of competent jurisdiction approving the Debtors' proposed procedures to govern their solicitation of votes on this Plan.

  • 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.

  • Procedures shall collectively mean DST’s transfer agency procedures manual, third party check procedures, checkwriting draft procedures, Compliance + and identity theft programs and signature guarantee procedures;

  • Associated Procedures means those procedures and/or statements that have been adopted by the Underwriter, the Adviser, a Fund or the Compliance Department, and which are designed to supplement this Code and its provisions.