Sale Motion definition

Sale Motion means the motion or motions of Sellers filed with the Bankruptcy Court seeking approval and entry of the Sale Order.

Sale Motion means the motion of Sellers, in form and substance reasonably satisfactory to Buyer, seeking entry of the Sale Order.

Sale Motion means the motion or motions of Sellers, in form and substance reasonably acceptable to Sellers and the Purchaser, seeking approval and entry of the Bidding Procedures Order and Sale Order.

Examples of Sale Motion in a sentence

• In the event that a third party is approved by the Bankruptcy Court as the purchaser of the Purchased Assets at the hearing on the Sale Motion, notwithstanding anything to the contrary in this Agreement, this Agreement shall not terminate, but rather shall become a “back-up bid” which shall remain open for acceptance by Seller for a period of fifteen (15) days following the Outside Date.

• Following the filing of the Sale Motion, Seller shall use reasonable best efforts to obtain the Approval Order.

• The parties stipulated that the Debtor had standing to object to the Sale Motion on both grounds.

• No party disputed the Trustee’s valuation of the Debtor’s home as set forth in the appraisal.The Debtor objected to the Sale Motion on two grounds.10 First, the Debtor argued that any post-petition, pre-conversion increase in the equity of his home should inure to his benefit.

More Definitions of Sale Motion

Sale Motion means the motion, in form and substance reasonably acceptable to Seller and Purchaser, filed by Seller pursuant to, inter alia, Sections 363 and 365 of the Bankruptcy Code to obtain the Sale Order and approve the transactions contemplated by this Agreement.

Sale Motion has the meaning set forth in Section 5(c)(i).

Sale Motion has the meaning ascribed thereto in Section 4.7.

Sale Motion means the Motion for (I) an Order (A) Approving Bid Procedures for the Sale of Substantially All Assets of the Debtors; (B) Approving Procedures for the Assumption and Assignment of Executory Contracts and Unexpired Leases; (C) Scheduling the Auction and Sale Hearing; and (D) Granting Related Relief; and (II) an Order (A) Approving the Sale of the Debtors’ Assets Free and Clear of All Claims, Liens, and Encumbrances; and (B) Approving the Assumption and Assignment or Rejection of Executory Contracts and Unexpired Leases Filed on March 8, 2021 at Docket No. 73.

Sale Motion means the motion filed with the Bankruptcy Court seeking entry of the Bidding Procedures Order and the Sale Order.

Sale Motion shall have the meaning set forth in Section 11.1.

Sale Motion means the motion or motions of Seller seeking approval and entry of the Sale Order.