Back-Up Bidder definition

Back-Up Bidder has the meaning set forth in the Bid Procedures.

Back-Up Bidder shall have the meaning specified in Section 6.7(f).

Back-Up Bidder has the meaning set forth in Section 5.7(f).

Examples of Back-Up Bidder in a sentence

• Accordingly, on August 11, 2023, the Debtors filed the Notice of Winning Bidder and Back-Up Bidder and Adequate Assurance of Future Performance with Respect to Proposed Assumption and Assignment of Executory Contracts and Unexpired Leases of the Debtors [Docket No. 438].

• The Seller may execute an agreement for the sale of the Assets with a Back-Up Bidder as contemplated by the Bid Procedures, which execution and any related action shall not be considered a breach of this Agreement.

• All bids must be binding and irrevocable unless and until the Debtors accept a higher bid and such bidder is not selected as the Back-Up Bidder (as defined below).

• Any employee or director who is uncertain about the legal rules involving his or her purchase or sale of any firm securities or any securities in issuers that he or she is familiar with by virtue of his or her work for The firm should consult with an Appropriate Ethics Contact before making any such purchase or sale.

• If the Debtors receive two or more Qualified Bids with respect to any Assets, the Debtors may, in consultation with the Consultation Parties, conduct an auction to determine the Winning Bidder (or Back-Up Bidder, as applicable) with respect to such Assets (any such auction, an “Auction”).

More Definitions of Back-Up Bidder

Back-Up Bidder shall have the meaning set forth in Section 7.2(c).

Back-Up Bidder means that Person, if any, determined by the Seller to have made the second highest or best offer for the Purchased Shares at the Sale Hearing.

Back-Up Bidder has the meaning set forth in the Bid Procedures. “Bankruptcy Case” has the meaning set forth in the Recitals. “Bankruptcy Code” has the meaning set forth in the Recitals. “Bankruptcy Court” has the meaning set forth in the Recitals. “Base Amount” has the meaning set forth in Section 2.5.

Back-Up Bidder shall have the meaning set forth in Section 5.2.

Back-Up Bidder means the bidder, determined pursuant to the applicable Bidding Procedures, whose bid(s) constitute(s) the next highest or otherwise best bid(s) for the applicable interests or assets that are the subject of a Sale Transaction after the applicable Successful Bid.

Back-Up Bidder. If multiple bids are submitted at the Auction, the bidder whose bid is selected as the second highest and otherwise best bid.

Back-Up Bidder means the bidder for the Acquired Assets with the next-highest or otherwise second-best bid for the Acquired Assets following the conclusion of the Auction, as determined in accordance with the Bid Procedures.