Bid Procedures Order definition

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.

Bid Procedures Order means an order to approve the bidding procedures in form and substance reasonably acceptable to the Required Lenders and the Debtors.

Bid Procedures Order means the order of the Bankruptcy Court entered on September 19, 2013 approving the Bidding Procedures in connection with the sale of substantially all of the Sellers’ assets.

Examples of Bid Procedures Order in a sentence

• On May 11-12, 2021 the Debtors conducted an auction pursuant to the terms of the Bid Procedures Order, which included eight rounds of competitive bidding from an opening bid of approximately $13 million.

• This Agreement is subject to approval by the Bankruptcy Court and the consideration by the Seller of higher or better competing bids in respect of all or any part of the Transferred Assets (whether in combination with other assets of the Seller Group or otherwise) in accordance with the terms of the Bid Procedures Order (each, a “Competing Bid”).

• On March 8, 2021, the Debtors filed the Sale Motion, and on April 7, 2021, the Bankruptcy Court entered the Bid Procedures Order.

• The Parties acknowledge and understand that this Agreement will be filed with the Bankruptcy Court and may be made available by Sellers to Potential Bidders as contemplated by the Bid Procedures Order.

• The Bankruptcy Court shall have entered both the Bid Procedures Order and Sale Order, and the Sale Order shall not have been vacated, reversed or stayed.

More Definitions of Bid Procedures Order

Bid Procedures Order means the interim order approving the Plan Sponsor procedures, entered by the Bankruptcy Court on March 25, 2008.

Bid Procedures Order means the Order (A) Approving Bid Procedures for the Sale of Substantially All Assets of the Debtors; (B) Approving Procedures for the Assumption and Assignment of Executory Contracts and Unexpired Leases; (C) Scheduling the Auction and Sale Hearing; and (D) Granting Related Relief entered on April 7, 2021 at Docket No. 164.

Bid Procedures Order has the meaning ascribed thereto in Section 4.7.

Bid Procedures Order means the Bid Procedures Order as entered by the Bankruptcy Court at Docket No. 179.

Bid Procedures Order means the order of the Bankruptcy Court setting a sale hearing date for the sale of the Business and specifying related bid procedures.

Bid Procedures Order means the corrected order of the Bankruptcy Court, dated September 2, 2020 (ECF No. 522), setting forth the procedures for competitive bidding for the sale of the equity interests in Cinemex Holdings, as reorganized, as may be amended or supplemented from time to time.

Bid Procedures Order means the Order (I) Approving Bid Procedures,