Sales Procedure definition

Sales Procedure means the sales procedure described in Condition 7(l);
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Sales Procedure. : means, either: (i) a competitive procedure aimed at selling 100% of the Stakes in the Company to a third-party purchaser at the best possible price under subsequent Article 13 (the “Competitive Sales Procedure”); or (ii) only in the case in which the Sales Procedure is initiated by Majority Shareholder C and at the exclusive discretion of the latter, a bilateral negotiation for the sale of 100% of the Shares in the Company to a third-party purchaser (hereinafter, the “Bilateral Sales Procedure”);
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Sales Procedure means the sale and investment solicitation process attached as Schedule "A" to the order of the Court dated March 24, 2023, issued in the Receivership Proceedings;
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Examples of Sales Procedure in a sentence

  • Subject to the entry of the Sales Procedure Order, each of the Sellers has good, valid and marketable title to all of the Assets, free and clear of any Encumbrances (other than any Encumbrances imposed as a result of the Filings or the Bankruptcy Proceedings).

  • Other than described in the foregoing Article VIII, a Member may not Dispose of the Member’s Membership Interest now owned or hereafter acquired to any other Person, other than a Permitted Transferee, unless the Member shall have first received the written consent thereto of a Majority of the Remaining Members or unless the Member shall have first carried out the Sales Procedure described in Article VIII.

  • If the Indemnifying Party elects not to compromise or defend such Third-Party Claim or fails to promptly notify the Indemnified Party in writing of its election to defend as provided in this Agreement, the Indemnified Party may, subject to Section 8.06(c), pay, compromise, defend such Third-Party Claim and seek indemnification for any and all Losses based upon, arising from or relating to such Third-Party Claim.

  • PURCHASER and SELLER mutually agree that the sale of the Subject Property shall be processed in accordance with SELLER’S Delinquent Tax Property Sales Procedure pursuant to T.C.A. § 67-5-2507.

  • In advance of their filing, Debtor will provide Acquirer with copies of all pleadings and other m▇▇▇▇▇▇ to be filed with or submitted to the Court in connection with the Procedures Motion, the Sales Procedure Order, the Sales Motion, the Assumption and Assignment Motion and any hearing on matters related to the Transaction and will make such reasonable changes in such pleadings and submissions as the Acquirer reasonably requests.

  • Subject to the entry of the Sales Procedure Order, the enforceability of which is not stayed, the Sellers have full power and authority to pay to Buyer the Break-Up Fee pursuant to the Sales Procedures Provisions and Section 11.3 hereof without further Order of the Bankruptcy Court.

  • Notwithstanding the foregoing, any and all of the obligations of the parties under this Section are subject to any order of the Bankruptcy Court and the Sales Procedure Orders.