Abandonment Order definition

Abandonment Order means any Final Order authorizing the Debtors to abandon any Assets pursuant to section 554 of the Bankruptcy Code or otherwise, including those detailed in Article IV.L, which Final Orders shall remain in full force and effect notwithstanding anything in the Combined Disclosure Statement and Plan, any Plan Document or the Confirmation Order to the contrary.
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Abandonment Order means any Final Order authorizing the Debtors to abandon
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Abandonment Order has the meaning set forth in Section 5.10.
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Examples of Abandonment Order in a sentence

  • The failure of a Party to timely provide such notice will be deemed to be a notice that the Abandonment Order is acceptable to such Party.

  • Buyer understands that if the Bankruptcy Court is unwilling to vacate the Abandonment Order, then the Alaska Interests Closing will not occur.

  • The Parties desire that the order of the FERC issued in the Abandonment Proceedings (the "Abandonment Order") become final and no longer subject to rehearing on or before June 30, 2001 (the "Order Date").

  • For the purposes of this section, the Abandonment Order shall be deemed "acceptable" unless it may in the reasonable judgment of a Party have a material adverse effect on such Party or the Company.

  • Sellers have submitted to the Bankruptcy Court a motion requesting that the Bankruptcy Court reconsider the Abandonment Order and ultimately vacate the Abandonment Order to the extent required for consummation of the sale to Buyer of the Alaska Interests pursuant to the terms of this Agreement.

  • From the effective date of the FERC's issuance of an Order on Rehearing (such order, whether a modification or reaffirmation of the original Abandonment Order, is herein referred as the "Modified Abandonment Order") the Parties will have twenty (20) days in which to repeat the determinations and actions set forth in Sections 2.3(c) and (d), and 2.5 with respect to the Modified Abandonment Order, including the right to terminate this Agreement pursuant to such provisions.

  • For greater clarity, Buyer hereby acknowledges and agrees that notwithstanding anything to the contrary contained in Section 3.2, Section 3.3 or elsewhere in this Agreement, Sellers shall not be responsible for any costs, expenses, or Liabilities arising or accruing with respect to the Alaska Interests at any time after entry of the Abandonment Order.

  • Sellers expressly disclaim knowledge of and responsibility for the status, condition and changes in status and condition of the Alaska Interests since the entry of the Abandonment Order.

  • The SALIC Parties shall have obtained the Abandonment Order, or the Confirmation Order shall provide for all capital stock or share capital of SFL held by any SALIC Group Company to be transferred to the Distribution Trust upon the occurrence of the Effective Date.

  • Buyer acknowledges that notwithstanding anything to the contrary contained in or incorporated by reference into this Agreement, as of the Execution Date Sellers are not owners, in control of, or operators of the Abandoned Assets and are not party to the Rejected Contracts that were abandoned or rejected pursuant to the Abandonment Order.