Sale Hearing. The Sale Hearing will be held before the Xxxxxxxxx Xxxxxx X. Drain on March 22, 2007 at 10:00 a.m. (prevailing Eastern time) at the United States Bankruptcy Court for the Southern District of New York, located at Xxx Xxxxxxx Xxxxx, Xxxx 000, Xxx Xxxx, Xxx Xxxx 00000, but may be adjourned or rescheduled without further notice by an announcement of the adjourned date at the Sale Hearing. If Seller does not receive any Qualified Bids (other than the Qualified Bid of the Purchaser), Seller will report the same to the Bankruptcy Court at the Sale Hearing and will proceed with a sale of the Acquired Assets to the Purchaser following entry of the Sale Order. If Seller does receive additional Qualified Bids, then, at the Sale Hearing, Seller shall seek approval of the Successful Bid(s), as well as the second highest or best Qualified Bid(s) (the "Alternate Bid(s)" and such bidder(s), the "Alternate Bidder(s)"). Seller's presentation to the Bankruptcy Court of the Successful Bid(s) and Alternate Bid(s) shall not constitute Seller's acceptance of either or any such bid(s), which acceptance shall only occur upon approval of such bid(s) by the Bankruptcy Court at the Sale Hearing. Following approval of the sale to the Successful Bidder(s), if the Successful Bidder(s) fail(s) to consummate the sale because of: (i) failure of a condition precedent beyond the control of either Seller or the Successful Bidder; or (ii) a breach or failure to perform on the part of such Successful Bidder(s), then the Alternate Bid(s) shall be deemed to be the Successful Bid(s) and Seller shall effectuate a sale to the Alternate Bidder(s) without further order of the Bankruptcy Court.
Sale Hearing. Within three days after execution of this Agreement by all parties, Sellers shall file with the Court a motion to approve this Agreement and the Transactions pursuant to Section 363 and 365 of the Bankruptcy Code, and shall request an immediate hearing relative to entry of the Interim Order. In addition to approving the Buyer Protection Provisions, the Interim Order shall establish a timetable and mechanism for the submission of competing bids by other prospective purchasers of the Acquired Assets.
Sale Hearing. 32 Section 8.4. Non-Solicitation.........................................................32 ARTICLE X MISCELLANEOUS..............................................................................33
Sale Hearing. On or before February 2, 2023, the Bankruptcy Court shall hold the Sale Hearing.
Sale Hearing. Sellers shall have obtained the Procedures Order from the Bankruptcy Court by no later than January 22, 2002 scheduling the Sale Hearing to occur by no later than March 6, 2002 and scheduling the Auction to occur not more than two Business Days before the Sale Hearing.
Sale Hearing. 5.2(b) Sale Motion................................................... 5.2(a) Sale Order.................................................... 5.2(a) Sales Procedures.............................................. 5.2(b) Section 338 Election.......................................... 4.7(f) Section 338 Incremental Tax Liability......................... 4.7(g) Securities Act................................................ 3.2(e) Seller........................................................
Sale Hearing. The Sale Hearing is currently scheduled for October 28, 2008 at 10:00 a.m. (prevailing Eastern time) before the Honorable Xxxxxx Xxxxx, United States Bankruptcy Judge, in the United States Bankruptcy Court for the Southern District of New York, located at Xxx Xxxxxxx Xxxxx, Xxxx 000, Xxx Xxxx, Xxx Xxxx 00000. The Sale Hearing may be adjourned or rescheduled by the Seller without notice other than by an announcement of the adjourned date at the Sale Hearing. If no Qualified Bids other than that of the Purchaser are received, the Seller will proceed with the sale of the Assets to the Purchaser following entry of the order approving the
Sale Hearing. 21. The Sale Hearing to consider the relief requested in the Sale Motion and to consider whether to approve the Final Accepted Offer (the "Sale Hearing") shall be held before the Bankruptcy Court on December 11, 2003 at 2:30 p.m. Central Time, or at such other time as the Bankruptcy Court may determine.
Sale Hearing. The Prevailing Bid (or if no Qualifying Bid other than that of Purchaser is received, the offer made by Purchaser) will be subject to approval by the Bankruptcy Court. The Sale Hearing (as defined herein) shall be held not later than September 30, 2004 and may be adjourned from time to time without further notice to creditors or parties in interest other than by announcement of the adjournment in open court on the date scheduled for the Sale Hearing.
Sale Hearing. The Debtors will seek entry of an order from the Bankruptcy Court at a hearing (the “Sale Hearing”) to begin on or before February 27, 2012, at 2.00 p.m (prevailing Eastern Time), to approve and authorize the sale transaction to the Successful Bidder on terms and conditions determined in accordance with the Bid Procedures. EXHIBIT K NXP MANUFACTURING SERVICES AGREEMENT TERM SHEET NXP MANUFACTURING SERVICES AGREEMENT TERM SHEET The purpose of this Term Sheet is to set forth the non-binding basis for the negotiation of a new MSA between Entropic and NXP as it relates to the set-top box business line of Trident Microsystems, Inc. (“Trident”) which is being sold to Entropic (the “STB Business”). This summary of material terms does not address all issues and matters that may arise in the course of preparing a definitive agreement.
