Sale Motion definition

Sale Motion means the motion or motions of Sellers filed with the Bankruptcy Court seeking approval and entry of the Sale Order.
Sale Motion means the motion of Sellers, in form and substance reasonably satisfactory to Buyer, seeking entry of the Sale Order.
Sale Motion means the motion, in form and substance reasonably acceptable to Seller and Purchaser, filed by Seller pursuant to, inter alia, Sections 363 and 365 of the Bankruptcy Code to obtain the Sale Order and approve the transactions contemplated by this Agreement.

Examples of Sale Motion in a sentence

  • The legal and factual bases set forth in the Sale Motion and at the Sale Hearing establish just cause for the relief granted herein.

  • Venue of these chapter 11 cases and the Sale Motion in this District is proper under 28 U.S.C. §§ 1408 and 1409.

  • The Sale Motion and the relief requested therein is granted and approved as set forth herein.

  • Sellers shall give notice of the Sale Motion, Scheduling Motion and Sale Hearing as reasonably requested by Buyer and required by the Bankruptcy Code or applicable Bankruptcy Rules.

  • Based upon the foregoing, the Sale Motion is GRANTED in its entirety.


More Definitions of Sale Motion

Sale Motion has the meaning set forth in Section 5(c)(i).
Sale Motion means one or more motions and notices that may be filed by the Selling Entities and served on creditors and parties in interest, in accordance with the Bidding Procedures Order, other Orders of the Bankruptcy Court, the Federal Rules of Bankruptcy Procedures and Local Rules, which motion(s) would seek authority from the Bankruptcy Court for the Selling Entities to enter into this Agreement and consummate the transactions contemplated by this Agreement, which shall be acceptable to Buyer in all respects.
Sale Motion means the Motion for (I) an 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; and (II) an Order (A) Approving the Sale of the Debtors’ Assets Free and Clear of All Claims, Liens, and Encumbrances; and (B) Approving the Assumption and Assignment or Rejection of Executory Contracts and Unexpired Leases Filed on March 8, 2021 at Docket No. 73.
Sale Motion has the meaning ascribed thereto in Section 4.7.
Sale Motion means the Motion of Debtors for Entry of Orders (I) Approving (A) Form Asset Purchase Agreement, (B) Form and Manner of Notice of Sale, Auction, and Sale Hearing, and (C) Assumption and Assignment Procedures;
Sale Motion means the motion filed with the Bankruptcy Court seeking entry of the Bidding Procedures Order and the Sale Order.
Sale Motion shall have the meaning ascribed to such term in Section 8.6(b) hereof.