Store Closing Sales definition

Store Closing Sales means, collectively, those transactions involving the sale of the Debtors’ assets conducted pursuant to the Store Closing Agency Agreement.

Store Closing Sales means any “going out of business”, “store closing” or similar theme sales conducted at any Stores or other facilities of the Selling Entities, pursuant to which any Selling Entity or its designated agents may sell all or any portion of the Inventory.

Store Closing Sales means the store closing sales implemented by the Debtors in accordance with section 363 of the Bankruptcy Code and the Consultant Agreement as approved by the Bankruptcy Court.

Examples of Store Closing Sales in a sentence

• The Store Closing Sales shall result in the liquidation of substantially all of the Debtors’ inventory and furniture, fixtures, and equipment not otherwise purchased by the OpCo Purchaser pursuant to the OpCo Purchase Agreement.

• Upon the Effective Date, all actions contemplated under the Plan, regardless of whether taken before, on or after the Effective Date, shall be deemed authorized and approved in all respects, including: (1) implementation of the Restructuring Transactions; (2) consummation of the Sale Transaction; (3) completion of the Store Closing Sales; and (4) all other actions contemplated under the Plan (whether to occur before, on, or after the Effective Date).

• Commencing on or as soon as reasonably practicable after Bankruptcy Court approval of the Debtors’ entry into the Store Closing Agreement, the Store Closing Agent shall conduct the Store Closing Sales in accordance with the terms set forth in the Store Closing Agreement.

• As detailed in the Debtors’ Motion Seeking Entry of Interim and Final Orders (I) Authorizing the Debtors to Assume the Agency Agreement, (II) Approving Procedures for Store Closing Sales, and (III) Granting Related Relief [D.I. 11], which was approved on an interim basis on December 13, 2017 [D.I. 99] and on a final basis on January 10, 2018 [D.I. 280], the Debtors commenced the process of closing 97 stores in late November 2017.

• The Bankruptcy Court entered certain First Day Orders on a conditional basis with regard to the disposition of certain Phase I Leases and the inventory, fixtures and equipment located therein, including, without limitation, authorizing the Debtors to reject certain Phase I Leases and Executory Contracts, approving the procedures that would govern the Store Closing Sales and approving the Phase I Lease auction procedures.

More Definitions of Store Closing Sales

Store Closing Sales means those certain liquidation sales conducted at certain of the Phase I Locations.

Store Closing Sales means those “store closing” or other similarly themed sales conducted by Agent pursuant to the Hybrid Agency Agreement and the Sale Order at the Store Closing Locations.

Store Closing Sales shall have the meaning ascribed thereto in Section 8.4 hereof.

Store Closing Sales has the meaning set forth in Section 9.1 hereof. -------------------

Store Closing Sales has the meaning specified in Section 6.5.1.

Store Closing Sales. As set forth in Section 10.7, the Approval Order shall authorize Buyer to conduct the Store Closing Sales, as more fully set forth in the Addendum. Buyer shall not operate any of the store premises after the conclusion of the Store Closing Sales.

Store Closing Sales means those certain liquidation sales conducted at certain of the Phase I Locations, Phase II Locations and other store locations.