Examples of Definitive Sale Documentation in a sentence
The obligations of the Debtors to pay the expenses described in paragraph 10(a) herein or the Termination Fee as described in paragraph 10(b) herein shall not arise under this Order until the Definitive Sale Documentation has been executed.
If a Termination Fee Event (defined below) occurs, the Debtors shall pay $1,000,000 to the Purchaser as a Termination Fee; provided, that the Sellers shall not be obligated to pay the Termination Fee if, prior to the occurrence of the Termination Fee Event, the Definitive Sale Documentation has validly been terminated pursuant solely to (i) mutual consent of the Debtors and Purchaser, or (ii) as a result of Purchaser's material violation or breach.
MATURITY: Borrowings under the DIP Facility are to be repaid in full on the date which is the earlier of (a) December 30, 1997, (b) consummation of the transaction contemplated by the Definitive Sale Documentation, or (c) the occurrence of an event of default COLLATERAL AND First lien on all Assets under section 364(d) of the SUPERPRIORITY CLAIM: Bankruptcy Code.
Overbids that are in substantially the form of the Definitive Sale Documentation marked to show all changes thereto and that are on terms and conditions no less favorable to the Debtors than terms and conditions contained in the Definitive Sale Documentation, including, but not limited to, the time of closing.
KCC in partnership with the District authorities has developed the LTP for Kent.
Finally, the Debtors have provided that, within five (5) business days of the date an order approving bidding procedures is signed, the Purchaser shall enter into a sale contract with the Debtors (the "Definitive Sale Documentation").
Overbids must propose consideration having a readily ascertainable fair market value of not less than $50,000 in excess of the sum of $20,000,000 and any amounts payable to Purchaser for expenses up to $400,000, subject to adjustments no less favorable to the Debtors than those contained in the Definitive Sale Documentation, plus the assumption of the post-closing liabilities to be assumed by the Purchaser under the Definitive Sale Documentation.
Overbids must be in substantially the form of the Definitive Sale Documentation marked to show all changes thereto and must be on terms and conditions no less favorable to the Debtors than the terms and conditions contained in the Definitive Sale Documentation, including, but not limited to, the time of closing.
The text reproduced in the attachment below incorporates the technical rectifications included in that corrigendum.
The filing of a chapter 11 plan or a motion for approval of an agreement with respect to the disposition of the Assets that does not provide for the sale of the Assets pursuant to the Definitive Sale Documentation or that is otherwise not satisfactory to the Lender Governing Law: Internal law of the State of New York Agreed of this 3rd day of December, 1997 /s/ Delbert F.