Upstream Sale Process definition
Upstream Sale Process means the implementation of bidding and sale procedures in respect of all of the Debtors’ assets and property that comprise the “Upstream Business,” approved by an order of the Bankruptcy Court, in form and substance reasonably acceptable to the Required Lenders in all respects. The order approving the Upstream Sale Process shall permit the Prepetition Term Lenders to credit bid all or any portion of the amounts outstanding under the Prepetition Term Loan Agreement and/or the DIP Term Facility.