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200100928
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Last modified
10/14/2011 12:05:19 AM
Creation date
10/20/2005 7:54:33 PM
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DEEDS
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200100928
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0 <br />12. The Purchaser has the financial wherewithal to perform under the Assignment <br />Agreements and therefore, adequate assurance of future performance of the Assignment <br />Agreements is provided. <br />13. This order approves a Call Option and a Put Option (provided respectively in <br />Sections 2.8 and 2.9 of the Purchase Agreement, as amended) for options relating to the sale of <br />real and personal property defined as the "Hughes Assets," and the assumption and assignment <br />of certain executory agreements included within the definition of the "Hughes Liabilities." Mary <br />Frances Hughes and other members of the Hughes family have filed objections (the "Hughes <br />Objections ") to the sale of the Hughes Assets and the assumption and assignment of related <br />leases and contracts. <br />14. The Court finds that the rejection of the Rejection Agreements is in the best <br />interests of the Selling Debtors' respective estates and creditors and satisfies the business <br />judgment test. <br />Based on the foregoing Findings of Fact and Conclusions of Law, IT IS HEREBY <br />ORDERED, ADJUDGED AND DECREED, EFFECTIVE IMMEDIATELY, AS FOLLOWS: <br />A. The Motion is GRANTED on the terms set forth in this Order. <br />B. The Purchase Agreement in the form attached to the Motion, as amended by the <br />First Amendment to Asset Purchase Agreement attached hereto as Exhibit 3, is approved, subject <br />to any further non - material modifications the parties may agree to in writing. <br />C. The sale was conducted pursuant to Bankruptcy Rule 6404 and sections 363(b) <br />and 363(f) of the Bankruptcy Code. <br />CL.: 540434v 1 4 <br />
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