Assumption Procedures definition

Assumption Procedures means those procedures applicable to the depopulation of CITIZENS policies under subparagraphs (q) 3-6 of Subsection 627.351(6), Section 627.3511, and Section 627.3517, Florida Statutes, and this Agreement, as set forth in Exhibit C attached hereto.
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Assumption Procedures means the procedures adopted by the Commissioner for use with the Depopulation Program, 28 TAC §5.4301 et seq., attached as Exhibit B.
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Assumption Procedures means the procedures for the assumption and assignment of Executory Contracts as contemplated in this Agreement, the Bidding Procedures and the Bidding Procedures Order.
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Examples of Assumption Procedures in a sentence

  • The Insurer shall remove the Removed Policies by Assumption in accordance with this Agreement and the Assumption Procedures and shall offer to renew the Insurer’s Replacement Policy for a period of three (3) years subsequent to the expiration of the Removed Policy.

  • The Debtors propose that if a party in interest fails to timely object to an assumption and assignment consistent with the Assumption Procedures, such party shall be deemed to “consent” to such assumption and assignment within the meaning of section 363(f)(2) of the Bankruptcy Code.

  • The Debtor is hereby authorized to execute and deliver all instruments and documents, and take such other actions, as may be necessary or appropriate to implement and effectuate the Rejection and Assumption Procedures as approved by this Order.

  • Payment of Cure Costs required to assume the Additional Contracts, if any (as established pursuant to the Assumption Procedures under the Bidding Procedures Order), shall be paid by the Buyer.

  • In accordance with the proposed Assumption Procedures, if a party in interest timely objects to an assumption and assignment of a Contract consistent with the Assumption Procedures, and such objection is not withdrawn or resolved, the Debtors shall file a notice of hearing consistent with the Assumption Procedures.

  • If a timely Objection to an Assumption Notice is filed and received in accordance with the Assumption Procedures, the Debtor shall schedule a hearing on such Objection and shall provide at least seven(7) days’ notice of such hearing to the objecting party and the Objection Notice Parties.

  • On August 23, 2017, pursuant to the Assumption Procedures Order (defined and described in Section 1 below) the Debtors filed a Notice of Assumption, Assignment, and Cure Amount With Respect To Executory Contracts and Unexpired Leases of the Debtors [ECF No. 162] indicating that the cure amount owed to Georgetown under § 365(b)(1) of the Bankruptcy Code upon the Debtors’ assumption of the Georgetown Lease (the “Georgetown Cure Claim”) was zero.

  • To the extent the Debtors assume and assign a Contract pursuant to the Assumption Procedures, such assignment is tantamount to a sale of estate property, and may be transferred free and clear of the interests in such property held by an entity other than the estate, so long as one of the criteria under section 363(f) of the Bankruptcy Code is satisfied.

  • Approval of the Assumption Procedures and the Cure Notice as requested herein will allow Contract Parties sufficient time to review the Cure Notice and file any objections to Cure Amounts prior to the Combined Hearing.

  • On March 14, 2023, the Court entered an order [Docket No. 127] granting the relief requested in the Contract Assumption Procedures Motion, including procedures for the Debtors to notify counterparties of proposed amounts to cure monetary defaults under the Debtors’ executory contracts and unexpired leases and for counterparties to respond to such notice.


More Definitions of Assumption Procedures

Assumption Procedures means those procedures required by CITIZENS to comply with the provisions of Section 627.3517, Florida Statutes, and this Agreement, as set forth in Exhibit E attached hereto.
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Related to Assumption Procedures

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • Bidding Procedures means the bidding procedures approved by the Bankruptcy Court pursuant to the Bidding Procedures Order.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • Bidding Procedures Order means that certain order of the Bankruptcy Court, entitled “Order (A) Approving Sale Procedures and Bid Protections, Including Break-Up Fee(s), In Connection With Sale Of Substantially All Assets; (B) Scheduling An Auction For And Hearing To Approve One Or More Sales; (C) Approving Notice Of Respective Date, Time And Place For Auction And For Hearing On Approval Of Sale(s),” entered on January 16, 2009.