Going Concern Sale definition
Going Concern Sale means sale of the Corporate Debtor in accordance to Regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016 including all its assets, liabilities, and properties on “as is where is, as is what is, whatever there is, and no recourse basis”
Going Concern Sale means a Transfer where:
Going Concern Sale means sale of the Corporate Debtor in accordance to Regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016 including all its assets, liabilities, and properties on “as is where is, as is what is, whatever there is, and no recourse basis” Clarification: The Liquidator shall settle all liabilities in accordance to section 53 of the Code.
Examples of Going Concern Sale in a sentence
The Borrower shall use its best efforts to negotiate and close a Going Concern Sale or Sales of the Subsidiaries that will result in the payment and satisfaction of all the Loans and a release of the Letter of Credit, including, without limitation, the payment of all prepayment penalties, non-payment fees, and other fees, charges, penalties, or other amounts that are or will become due under the Loan Agreement and other Loan Documents.
Notwithstanding anything to the contrary herein, the Borrower acknowledges and agrees that any Going Concern Sale proposed by the Borrower is subject to the prior written consent of the Bank, which consent may be withheld by the Bank for any reason in its sole and absolute discretion.
More Definitions of Going Concern Sale
Going Concern Sale means sale of the Corporate Debtor in accordance with Regulation 32(e) read with Regulation 32A of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, including all its assets, liabilities and properties on “as is where is”, “as is what is”, “whatever there is”, and “no recourse basis”;
Going Concern Sale means sale of the Corporate Debtor in accordance to Regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016 including its assets,
Going Concern Sale means sale of the Corporate Debtor in accordance to Regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016 including all its assets, liabilities, and properties on “As is where basis ”,“ As is what is basis”, “Whatever there is basis” and “No recourse basis”.
Going Concern Sale means sale of business of the company including all its assets and properties on “as is where is basis”.
Going Concern Sale shall have the meaning set forth on Schedule 5.15.
Going Concern Sale has the meaning ascribed to it in Section 6.8(i).
Going Concern Sale means the sale of the Project (whether through a sale of the Project assets or the sale of the Company’s Capital Stock) to a Going Concern Buyer.