Board Approval and Recommendation. The Board of Directors of the Company has determined that an immediate sale and assignment of the Assets pursuant to this Agreement under Sections 363 and 365 of the Bankruptcy Code is in the best interests of the Company.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Corecomm LTD), Asset Purchase Agreement (Usn Communications Inc)
Board Approval and Recommendation. The Board Boards of Directors of the Company has Sellers have determined that an immediate sale and assignment of the Assets pursuant to this Agreement under Sections sections 105, 363 and 365 of the Bankruptcy Code is in the best interests of the CompanySellers ("Sellers' Boards Determination").
Appears in 2 contracts
Sources: Asset Purchase Agreement (Time Warner Telecom Inc), Asset Purchase Agreement (GST Telecommunications Inc)
Board Approval and Recommendation. The Board of Directors of the Company Seller has determined that an immediate sale and assignment of the Assets pursuant to this Agreement under Sections 363 363, 365 and 365 105 of the Bankruptcy Code is in the best interests of the CompanySeller and its creditors.
Appears in 1 contract
Board Approval and Recommendation. The Board of Directors of --------------------------------- the Company has determined that an immediate sale and assignment of the Assets Company's assets pursuant to this Agreement under Sections sections 363 and 365 of the Bankruptcy Code is in the best interests of the Company.
Appears in 1 contract