Notification to Creditors. As soon as practical after the approval of the Merger by a resolution adopted at each Party's board of directors meeting and shareholders meeting, as applicable, each of Party A and Party B shall (i) make an announcement and notify its creditors of the Merger; and (ii) designate a thirty (30)-day period for the creditors to object to the Merger. In the event any creditor objects to the Merger within said thirty (30)-day period, Party A or Party B, as applicable, shall (i) settle the account(s) payable to the objecting creditor; (ii) deposit a security bond or establish a trust specifically for the purpose of settling the account(s) payable to the objecting creditor; or (iii) prove to the objecting creditor that the Merger will not have any adverse impact on the rights of the objecting creditor.
Notification to Creditors. The Sellers shall notify, as required by the Bankruptcy Code and all rules promulgated thereunder, all parties entitled to notice, including, but not limited to, all holders of Encumbrances whose Encumbrances can be relieved by the Sale Order, of all motions, notices and orders referenced in this Agreement, as modified by any orders issued by the Bankruptcy Court as well as all counterparties to the Assumed Agreements and Excluded Agreements. The Sellers shall timely notify all parties to the Assumed Agreements of the cure amounts for each such agreement, so as to enable any such party to object to the proposed cure amounts and to permit the Bankruptcy Court to decide any such objections prior to the Closing. Furthermore, the Sellers shall give notice to any other person or entity upon request of the Buyers within a reasonable time from such request.
Notification to Creditors. Within thirty (30) days after the charter revocation, the School must notify all creditors of its closure. The School should solicit from each creditor a final accounting of the School’s accrued and unpaid debt owed to such creditor. This figure should be compared to the School’s calculation of the debt and be reconciled between the parties. To the extent possible, the School should also begin to negotiate a settlement of debts, which is ultimately consummated by a settlement agreement reflecting satisfaction and release of the existing obligations, if possible? Other: Notification to Debtors Within thirty (30) days after the charter revocation, the School must contact all debtors and demand payment. To the extent collection efforts are unsuccessful; the School may turn the debt over to commercial debt collection agencies. All records regarding such collection or disputes by debtors regarding amounts owed must be retained. Other:
Notification to Creditors. Within 30 days after the charter revocation, the School must notify all creditors of its closure. The School should solicit from each creditor a final accounting of the School’s accrued and unpaid debt owed to such creditor. This figure should be compared to the School’s calculation of the debt and be reconciled between the parties. To the extent possible, the School should also begin to negotiate a settlement of debts, which is ultimately consummated by a settlement agreement reflecting satisfaction and release of the existing obligations, if possible. Other:
Notification to Creditors. Seller shall provide notice of the Sale Hearing to the Federal Communications Commission and to all parties to the Assumed Agreements.
