Basically we have milestones some may missed Milestones...
page 92 of the report (looking at the actual page numbers, but page 164 on the pdf
E No later than fourteen (14) calendar days following entry of the Sale Approval Order by the Bankruptcy Court, the Canadian Court shall have granted an order, in form and substance satisfactory to the Administrative Agent and Senior Lenders in their sole discretion, recognizing and enforcing the Sale Approval Order in Canada.
f No later than fourteen (14) calendar days following the entry of the Bidding Procedures Order by the Bankruptcy Court, the Canadian Court shall have granted an order, in form and substance satisfactory to the Administrative Agent and Senior Lenders in their sole discretion, recognizing and enforcing the Bidding Procedures Order in Canada.
G No later than ten (10) calendar days following the Petition Date, the Debtors shall have filed a motion (the “Bidding Procedures Motion”) in form and substance acceptable to the Majority Lenders, for entry of an order (the “Bidding Procedures Order”) (i) approving the procedures to be used and bid protections to be provided in connection with the Sale Transaction (as may be amended from time to time in accordance with their terms, the “Bidding Procedures”), (ii) setting the dates for the submission of bids, the auction (if any) and the hearing on the approval of the Sale Transaction and approving all notices related thereto and (iii) authorizing certain procedures related to the assumption and assignment of executory contracts and unexpired leases in connection with the Sale Transaction.
H No later than forty-five (45) calendar days following the Petition Date, the Bankruptcy Court shall have entered a Bidding Procedures Order approving the Bidding Procedures Motion, which shall be in form and substance acceptable to the Majority Lenders.
I No later than forty-five (45) calendar days following the Petition Date, the Bankruptcy Court shall have entered the Final Order.
J No later than one hundred eight (108) calendar days following the Petition Date, the Bankruptcy Court shall have entered an order (the “Sale Approval Order”) approving a sale (or sales) of all or substantially all of the business of the Debtors (the “Sale Transaction”), in form and substance acceptable to the Majority Lenders.
K No later than one hundred twenty (120) calendar days following the Petition Date, the Sale Transaction shall be consummated.
PH will be sold, a bidding process.
KW