Examples of Section 363 Sale in a sentence
New Chrysler is the Company that acquired certain assets and liabilities from Chrysler LLC pursuant to the Section 363 Sale.
It is likely that a large number of current owners of Old GM vehicles acquired them after the Section 363 Sale.
It found that, at the time of the Section 363 Sale, “GM had enough knowledge of the Ignition Switch Defect to be required, under the National Traffic and Motor Vehicle Safety Act, to send out mailed recall noticesto owners of affected Old GM vehicles.” Pet.
All injunctions and/or stays provided for in the Plan and this Order, the injunctive provisions of Sections 524 and 1141 of the Bankruptcy Code, and all injunctions or stays protecting any Settling Insurer, which has purchased its Policies in a Section 363 Sale, are permanent and will remain in full force and effect following the Effective Date and are not subject to being vacated or modified.
As described in the Representations, in the far right column on page 51184 of the proposed exemption, New Chrysler is a Delaware limited liability company that was formed by Fiat North America LLC, a subsidiary of Fiat, in order to receive theassets of Chrysler LLC, generally free and clear from all liens in connection with the Section 363 Sale.