Common use of Submission for Bankruptcy Court Approval Clause in Contracts

Submission for Bankruptcy Court Approval. (a) On the Petition Date (or as soon thereafter as is reasonably practicable), the Sellers, other than TAT, shall file a motion or motions and supporting papers seeking (i) the entry of an order substantially in the form of Exhibit G approving the Overbid Procedures (the "Bidding Procedures Order") and (ii) entry of an order substantially in the form of Exhibit H approving this Agreement (the "Sale Order"), all in a form and substance reasonably acceptable to the Buyer. The Bidding Procedures Order and the Sale Order may, at the Sellers' option, be sought under one combined set of motion papers, which shall be in form and substance reasonably acceptable to the Buyer. All parties hereto shall use their commercially reasonable efforts to have the Bankruptcy Court enter the Bidding Procedures Order as soon as practicable following the filing of the motion therefor. The Sellers, other than TAT, shall give appropriate notice under the Bankruptcy Code of the request for such relief, including such additional notice as the Bankruptcy Court shall direct, and provide appropriate opportunity for hearing, to all parties entitled thereto, of all motions, orders, hearings, or other proceedings relating to this Agreement or the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Insilco Technologies Inc)

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Submission for Bankruptcy Court Approval. (a) On the Petition Date (or as soon thereafter as is reasonably practicable)practicable thereafter, the Sellers, other than TAT, Sellers shall file (a) a motion or motions and supporting papers (including, a form of order substantially in the form and substance of the Bid Procedures Order) seeking (i) the entry of an order substantially in by the form of Exhibit G Bankruptcy Court approving the Overbid Procedures (the "Bidding Procedures Order") and (iib) a motion for approval of this Agreement and supporting papers (including the Approval Order) seeking entry of an order substantially in the form of Exhibit H approving this Agreement (the "Sale Approval Order"), all in a form and substance reasonably acceptable to the BuyerBuyers. The Bidding Bid Procedures Order and the Sale Approval Order may, at the Sellers' option, be sought under one combined set of motion papers, which shall be in form and substance reasonably acceptable to the BuyerBuyers. All parties hereto shall use their commercially reasonable efforts to have the Bankruptcy Court enter the Bidding Bid Procedures Order as soon as practicable following the filing of the motion therefor. The Sellers, other than TAT, Sellers shall give appropriate notice under the Bankruptcy Code of the request for such relief, including such additional notice as the Bankruptcy Court shall direct, and provide appropriate opportunity for hearing, to all parties entitled thereto, of all motions, orders, hearings, or other proceedings relating to this Agreement or the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Bel Fuse Inc /Nj)

Submission for Bankruptcy Court Approval. (a) On the Petition Date (or as soon thereafter as is reasonably practicable), the Sellers, other than TAT, Seller shall file a motion or motions and supporting papers seeking (i) the entry of an order approving all relevant bidding procedures ("Bidding Procedures") including the Break-Up Fee and Expense Reimbursement set forth pursuant to Section 7.9 and Section 7.10 substantially in the form of Exhibit G approving the Overbid Procedures C hereto (the 22 "Bidding Procedures Interim Order") ), and (ii) entry of an order substantially in the form of Exhibit H approving this Agreement (the "Sale Order"), all in a form and substance reasonably acceptable to the Buyer. The Bidding Procedures Interim Order and the Sale Order may, at the Sellers' Seller's option, be sought under one combined set of motion papers, which shall be in form and substance reasonably acceptable to the Buyer. All parties hereto shall use their commercially reasonable best efforts to have the Bankruptcy Court enter the Bidding Procedures Interim Order as soon as practicable following the filing of the motion therefor. The Sellers, other than TAT, Seller shall give appropriate notice under the Bankruptcy Code of the request for such relief, including such additional notice as the Bankruptcy Court shall direct, and provide appropriate opportunity for hearing, to all parties entitled thereto, of all motions, orders, hearings, or other proceedings relating to this Agreement or the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Metatec Inc)

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Submission for Bankruptcy Court Approval. (a) On the Petition Date (or as soon thereafter as is reasonably practicable), the Sellers, other than TAT, Seller shall file a motion or motions and supporting papers seeking (i) the entry of an order substantially in the form of Exhibit G Interim Order approving the Overbid Procedures all relevant bidding procedures (the "Bidding Procedures OrderProcedures") including the Break-Up Fee and Expense Reimbursement set forth pursuant to Section 7.9 and Section 7.10 and (ii) entry of an order substantially in the form of Exhibit H approving this Agreement (the "Sale Order"), all in a form and substance reasonably acceptable to the Buyer. The Bidding Procedures Interim Order and the Sale Order may, at the Sellers' Seller's option, be sought under one combined set of motion papers, which may be sought concurrently with or as part of an order for approval of a disclosure statement relating to a plan pursuant to section 1125(b) of the Bankruptcy Code, and which shall be in form and substance reasonably acceptable to the Buyer. All parties hereto shall use their commercially reasonable best efforts to have the Bankruptcy Court enter the Bidding Procedures Interim Order as soon as practicable following the filing of the motion thereforon or before October 20, 2004, and a Sale Order on or before December 1, 2004. The Sellers, other than TAT, Seller shall give appropriate notice under the Bankruptcy Code of the request for such relief, including such additional notice as the Bankruptcy Court shall direct, and provide appropriate opportunity for hearing, to all parties entitled thereto, of all motions, orders, hearings, or other proceedings relating to this Agreement or the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Commerce One Inc / De/)

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