Sale Motion

Sale Motion. Means the motion or motions, in form and substance reasonably acceptable to Buyer, filed by Seller, pursuant to the provisions of ss.ss.363 and 365 of the Bankruptcy Code in the Bankruptcy Case, among other things, to obtain the Sale Order, approve the transactions contemplated hereby, authorize the assumption and assignment of the Assumed Contracts to Buyer and obtain the Buyer Protection and Bidding Procedures Order.

Sale Motion. Means the Company's motion, in form and substance reasonably acceptable to the Requisite Supporting Noteholders for entry of an order which, among other things (a) approves the Bidding Procedures, (b) approves the form and manner of the sale notice and bidding procedures notice, (c) schedules a date for the Bankruptcy Court to consider approval of the sale, (d) approves procedures for the assumption and, if necessary, assignment of executory contracts and unexpired leases, (e) approves the... expense reimbursement, (f) approves the Noteholder APA as the stalking horse bid, and (g) approves the direct application of all net sale proceeds to the Secured Note Claims. View More