Transaction Approval Order

Transaction Approval Order. Means an order, which may be the Confirmation Order, in form and substance acceptable to the Prevailing Purchaser and Required Term Lenders, (i) approving the equity sale or asset sale by the Prevailing Purchaser (and, in the case of an asset sale, free and clear of all liens, claims and encumbrances pursuant to sections 363(b) and 363(f) of the Bankruptcy Code), (ii) approving the assumption by (and, if necessary, assignment to) the Prevailing Purchaser of any contracts assumed in connection... with the sale pursuant to section 365 of the Bankruptcy Code, (iii) containing findings of fact and conclusions of law that the Prevailing Purchaser is a good faith purchaser entitled to the protections of Bankruptcy Code section 363(m), and (iv) which is otherwise reasonably acceptable to Required Term Lenders. View More