Proposed Abandonment definition

Proposed Abandonment has the meaning set forth in Section 5.6.
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Proposed Abandonment means the abandonment of assets subject to the Asset Liquidation Procedures.
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Examples of Proposed Abandonment in a sentence

  • The Trustee explained in her Notice of Proposed Abandonment that “the estate ha[d] no resources with which to pursue the Talc Claims.” (App.

  • After making this agreement with EuroGas II, the Trustee filed a Motion to Approve Agreement and a Notice of Proposed Abandonment with the bankruptcy court on August 18, 2016.On August 19, 2016, the Slovak Republic purchased two claims worth $240,181 each from a creditor of EuroGas I and, as a result, became an unsecured creditor in the reopened bankruptcy case.

  • See Objection by Creditor New Products Corporation to Trustee’s Notice of Proposed Abandonment and Request for Hearing (BC ECF No. 166).

  • By Notice of Proposed Abandonment docketed on July 14, 2016, Chapter 7 Trustee Charles M.

  • If the trustee fails to endorses the Proposed Abandonment, the requesting party may not file or serve a Notice of Proposed Abandonment.

  • After determining to abandon any such Miscellaneous Assets (a "Proposed Abandonment"), theDebtors will file and serve a notice (an "Abandonment Notice") by overnight mail or email on the Sale Notice Parties.

  • The Sale Notice Parties will have until 5:00 p.m., prevailing Eastern Time, on the seventh business day following the service of the Sale Notice or Abandonment Notice (the "Objection Deadline") to object to (a) the Proposed Sale and thepayment of any Commissions, (b) the Proposed Abandonment or (c) any related assumptions, assumptions and assignments, or rejections of executory contracts or unexpired leases.

  • A hearing scheduled on a sale to be conducted by a standing auctioneer may be stricken if no objection to the sale is timely filed.‌RULE 6007-1 ABANDONMENT A Request for Abandonment and Proposed Abandonment may be filed by any party in interest in the form attached to these Local Rules as Local Bankruptcy Form 6007-1.

  • Imperial Tobacco Canada Limited’s Post-Argument Brief Regarding the Debtors’ Proposed Abandonment of the ITCAN-Related Claims, Doc.

  • The Chapter 7 Trustee (the "Trustee") filed a Notice of Proposed Abandonment [Doc.

Related to Proposed Abandonment

  • Proposed permit means the version of an Oregon Title V Operating Permit that DEQ or LRAPA proposes to issue and forwards to the Administrator for review in compliance with OAR 340-218-0230.

  • Proposed Acquisition means the proposed acquisition by the Borrower or any of its Subsidiaries of all or substantially all of the assets or Stock of any Proposed Acquisition Target, or the merger of any Proposed Acquisition Target with or into the Borrower or any Subsidiary of the Borrower (and, in the case of a merger with the Borrower, with the Borrower being the surviving corporation).

  • Proposed Transaction is defined in Section 6.2(a).

  • Proposed Contract means the agreement including any other terms and conditions contained in or referred to in this RFP that may be executed between the DBSA and the successful Bidder.

  • Proposed Project SCHEDULE: (edit schedule below as appropriate) Pre-bid Meeting Questions Due Proposals Due Begin Work Programming Phase Permitting Phase Schematic Design Phase Construction Documents Phase Bidding or Negotiation Phase Construction Administration 1-Year Warranty

  • Proposed Works means the sewage works described in the Owner's application, this Certificate and in the supporting documentation referred to herein, to the extent approved by this Certificate;

  • Proposed Change has the meaning assigned to such term in Section 9.02(c).

  • Proposed Transfer means any assignment, sale, offer to sell, pledge, mortgage, hypothecation, encumbrance, disposition of or any other like transfer or encumbering of any Transfer Stock (or any interest therein) proposed by any of the Key Holders or Investors.

  • Proposed Acquisition Transaction means, with respect to a SpinCo, a transaction or series of transactions (or any agreement, understanding or arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulations Section 1.355-7, or any other Treasury Regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is supported by the management or shareholders of such SpinCo, is a hostile acquisition, or otherwise, as a result of which such SpinCo would merge or consolidate with any other Person or as a result of which any Person or Persons would (directly or indirectly) acquire, or have the right to acquire, from such SpinCo and/or one or more holders of outstanding shares of Capital Stock of such SpinCo, a number of shares of Capital Stock of such SpinCo that would, when combined with any other changes in ownership of Capital Stock of such SpinCo pertinent for purposes of Section 355(e) of the Code, comprise 45% or more of (a) the value of all outstanding shares of stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (b) the total combined voting power of all outstanding shares of voting stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (i) the adoption by such SpinCo of a shareholder rights plan or (ii) issuances by such SpinCo that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulations Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted accordingly. Any clarification of, or change in, the statute or Treasury Regulations promulgated under Section 355(e) of the Code shall be incorporated into this definition and its interpretation.

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy.

  • Disposition Notice is defined in Section 5.2(a).

  • Proposed Sale has the meaning set forth in Section 2.4(a).

  • Acquisition Notice has the meaning set forth in Section 2.5(a).

  • Environmental Notice means any written directive, notice of violation or infraction, or notice respecting any Environmental Claim relating to actual or alleged non-compliance with any Environmental Law or any term or condition of any Environmental Permit.

  • Proposed decision means the presiding officer’s recommended findings of fact, conclusions of law, decision, and order in a contested case in which the administrator did not preside.

  • Superior Proposal Notice has the meaning specified in Section 5.4(1)(c).

  • Company Acquisition Proposal means any proposal for a merger or other business combination involving the Company or the acquisition of any equity interest in, or a substantial portion of the assets of, the Company, other than the transactions contemplated by this Agreement.

  • Proposed Charter means the proposed second amended and restated certificate of incorporation of Hennessy Capital, which will become the Company’s certificate of incorporation upon the approval of the Charter Proposals and the Business Combination Proposal and the consummation of the Business Combination. A copy of the proposed charter is attached hereto as Annex C .

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Proposed Plan As defined in Section 3.17(a)(iii).

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Proposed Transfer Notice means written notice from a Key Holder setting forth the terms and conditions of a Proposed Key Holder Transfer.

  • Sale of the Painting means the transfer of title and ownership of the Painting to an un-Affiliated third-party and receipt by the Company of value therefor as determined by the Board.

  • Environmental impact statement means a detailed written statement as required by section 102(2)(C) of the Act.

  • prospective sale means a sale which is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).