Examples of Bidding Procedures Motion in a sentence
Following the status conference held on July 27, 2023 in respect of the proposed sale and additional proposals received by the Debtors for the acquisition of some or all of their assets, on July 28, 2023, the Debtors filed the Bidding Procedures Motion.
The Bidding Procedures Motion proposed bidding procedures for the sale of eight lots of assets (the “Lots”).
On May 25, 2017 the Bankruptcy Court entered an order granting the Bidding Procedures Motion (the “Bidding Procedures Order”), which set the deadline to submit bids on June 9, 2017, the auction for June 16, 2017, and the sale hearing for June 28, 2017.
Seller shall give notice of the Bidding Procedures Motion and the Sale Motion to all parties on the official service list as maintained in the Bankruptcy Case and all non-debtor parties to Assumed Contracts and other Persons to whom notice may be required under all applicable rules and orders of the Bankruptcy Court to obtain the Bidding Procedures Order Approval and Sale Order Approval, to render such orders valid and enforceable and to implement the Contemplated Transactions.
No later than five (5) business days after the execution of this Asset Purchase Agreement by Buyer and Company, Company shall file a motion with the Bankruptcy Court to establish the bidding procedures set forth in this Section 9.3 and shall further provide all notices to parties in interest required by the Bankruptcy Code and Bankruptcy Rules of Court ("Bidding Procedures Motion").