Examples of SISP Order in a sentence
Under Phase 1 of the SISP, the Sales Agents initiated a number of marketing activities pursuant to the SISP Order including disseminating notices of the SISP through the Wall Street Journal, the National Post, and other various news outlets in Canada and the U.S. between May 27, 2020 and June 4, 2020.Interested parties were required to submit a non-binding letter of intent (“Non-Binding LOIs”) to the Sale Agents by June 26, 2020 (the “LOI Deadline”).
The Sales Agents may contact any Persons to solicit expressions of interest in a Transaction either before or after the granting of the SISP Order.
The Vendor agrees, that subject to the Initial Order, the SISP Order and the Approval and Vesting Order, to thereafter take all commercially reasonable actions as are within its power to control, and to use its commercially reasonable efforts to cause other actions to be taken which are not within its power to control, so as to fulfill the conditions set forth in Article 7 which are for the benefit of the Vendor or the mutual benefit of the Parties.
SISP Order”), inter alia, approving sale and investor solicitation procedures (the “Initial SISP”) in respect of the Bloom Lake CCAA Parties, as appears from a copy of the SISP Order, which forms part of the Court record.
On October 31, 2022, the Company obtained an initial order for creditor protection from the Court under the CCAA, and on November 9, the Court, on application of the Company, granted a SISP Order, among other relief.
The Seller is an unlimited company duly incorporated, organized and validly existing under the laws of Nova Scotia, is in good standing under such laws and has the power and authority to enter into, deliver and, subject to the granting of the SISP Order and the Approval and Vesting Order, perform its obligations under this Agreement.
The Walter U.K. Assets were marketed under the SISP Order leading to the asset purchase agreement with Conuma Resources Limited (the “Conuma Transaction”) and eventually to the purchase agreement with Peace River Coal Inc.
Pursuant to the SISP Order, the Court approved a sale and investment solicitation process (the “SISP”) to facilitate the sale of the business and property of the Debtor Companies, excluding all livestock, meat from processed livestock, and livestock feed, of the Debtor Companies.
The Sales Agent may contact any Persons to solicit expressions of interest in a Transaction either before or after the granting of the SISP Order.
The Monitor shall oversee and conduct the SISP, in all respects, and, without limitation to that supervisory role, the Monitor will participate in the SISP in the manner set out in this SISP, the SISP Order, the Initial Order and any other orders of the Court, and is entitled to receive all information in relation to the SISP.