Common use of Transfer Order Clause in Contracts

Transfer Order. The Transfer Order (a) shall have been entered by the Bankruptcy Court in form and substance reasonably acceptable to Sellers and Purchasers and consistent in all material respects with the terms of this Agreement, (i) approving this Agreement and the Contemplated Transactions, and (ii) finding that notice of the hearing concerning approval of the Contemplated Transactions was given in accordance with the Bankruptcy Code and constitutes such notice as is appropriate under the particular circumstances and that Purchasers are “good faith” purchasers entitled to the protections afforded by Section 363(m) of the Bankruptcy Code, and (iii) providing for the vesting of the Purchased Assets in the Purchasers, free and clear of all interest in such property as provided by 11 U.S.C. §363(f), and (b) shall have become a Final Order.