Backup Bidder definition
Backup Bidder has the meaning set forth in the Bidding Procedures.
Backup Bidder means any Bidder whose Bid is selected as the Backup Bid. “Bid Deadline” has the meaning ascribed to it in paragraph 8.1.
Backup Bidder shall have the meaning set forth in Section 7.1(c).
Examples of Backup Bidder in a sentence
In accordance with and subject to the Bidding Procedures, if the closing of the sale with the Successful Bidder is terminated prior to the Backup Bid Expiration Date, the Backup Bidder will be deemed the new Successful Bidder and shall be obligated to consummate the sale as if it were the Successful Bidder at the Auction.
More Definitions of Backup Bidder
Backup Bidder has the meaning set forth in Section 5.7.7.
Backup Bidder means the party designated by the Court that has submitted the second highest or otherwise best offer at the Auction.
Backup Bidder means the party whose bid is determined to be the next highest bid after the bid of the Successful Bidder at the Auction.
Backup Bidder has the meaning set forth in the Bidding and Auction Procedures.
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Backup Bidder has the meaning set forth in the Bidding Procedures. “Bankruptcy Cases” has the meaning set forth in Section 11.1. “Bankruptcy Code” means Title 11 of the United States Code. “Bankruptcy Court” has the meaning set forth in Section 11.1. “Benefit Plan” means (a) any “employee benefit plan” as defined in Section 3(3) of the ERISA (whether or not subject to ERISA) and (b) any other pension, retirement, profit-sharing, savings, bonus, incentive, commission, stock option or other equity or equity-based, deferred compensation, severance, retention, employment, benefit, excess benefit, incentive, equity interest, equity bonus, equity purchase, restricted equity, equity ownership, equity appreciation, phantom equity, savings and thrift, cafeteria, reimbursement, health savings, flexible spending, compensation, welfare, sick leave, vacation, medical, dental, hospitalization, vision, disability,
Backup Bidder has the meaning ascribed thereto in the Sale Procedures. “Balance” has the meaning ascribed thereto in Section 3.1(b).