NCOA6

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NCOA6

A gene on chromosome 20q11 that encodes a transcription coactivator that interacts with nuclear hormone receptors, enhancing transcriptional activator activity. NCOA6 is involved in hormone-dependent coactivation of prostanoid, retinoid, vitamin D3, thyroid hormone and steroid receptors.
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Good Faith Deposits of all Qualified Bidders shall be held in a separate interest-bearing account for the Debtor's benefit until the earlier of (a) August 12, 2010 or (b) consummation of a transaction involving any other Qualified Bidder for the TRBP Assets.
The Debtor reserves the right to (i) withdraw its offer to sell the TRBP Assets at any time subsequent to the Auction, subject to payment of the Stalking Horse Protections if then due pursuant to the Bidding Procedures Order, and (ii) reject any or all bids other than the Stalking Horse Bid if, in the CRO's reasonable business judgment, in consultation with the Debtor, such other bids are not for a fair and adequate price.
The judge overseeing the voluntary bankruptcy proceedings of the Texas Rangers has ruled in favor of the disclosure statement filed by Texas Rangers Baseball Partners and has set a July 9 confirmation date that could approve a Prepackaged Plan filed by TRBP that would move them out of Chapter 11 status.
The case will be made by lawyers for TRBP that 12 Classes of Claims are "unimpaired" and therefore, the creditors have no voting rights to block the sale to the Greenber/Ryan group.
On May 23, 2010, TRBP and the Greenberg Group terminated the January APA and immediately executed a new agreement (the "May APA") that provides for materially worse terms for TRBP as compared to the January APA, including (1) a $10 million termination fee payable to the Greenberg Group if the transaction does not close (both agreements provide for only a $1.
Bankruptcy Judge Michael Lynn will hear arguments on the "pre-packaged plan", that would allow for the Rangers to emerge from voluntary Chapter 11 bankruptcy with July 9th being the possible date that Lynn could rule to allow the transfer of the Rangers ownership to occur between HSG and TRBP, or whether the process is opened back up, thus allowing for Jim Crane to engage in the bidding process.