The Assignee will conduct a sale of the Assets (“Sale”) on Thursday, February 23, 2017 at 2:00 pm CT (“Sale Date”). The Assets will be offered as two separate lots:
FarmedHere was established in August 2011 to operate as a sustainable indoor farming operation supplying year round local greens for public consumption. FarmHere is located at 6700 S. Sayre Ave. Bedford Park, IL 60638
The Assignee accepted, on January 17, 2017, an Asset Purchase Agreement (“APA”) for the Assignee’s right, title and interest in and to Lot 1, subject to all liens, claims and encumbrances of record, as a single lot as provided and further detailed in the APA, for a purchase price of $40,000.00. The APA for Lot 1 also details excluded assets and other terms and conditions. Upon request, the Assignee will furnish to a qualified purchaser, after execution of a confidentiality agreement, a complete list of the Assets and a copy of the fully executed APA.The APA is subject to overbid.
All Assets will be sold “AS IS, WHERE IS” with all faults and without any express or implied representations or warranties whatsoever, including, without limitation, warranties of merchantability, quiet enjoyment or fitness for a particular purpose or as to the title, value or quality of the Assets.
Assignee is not transferring or selling herein any leased property, whether real or personal, whether evidenced by a true lease or a capital lease (unless the capital lessor so consents).
To be a qualified purchaser for Lot 1, a party must, at a minimum, post a cash deposit ( “Deposit”) in the form of a cashier’s check, certified check or wire transfer in the amount of $10,000.00, made payable to and delivered to the Assignee at least one day prior to the Sale.
Offices of Rally Capital Services, LLC, 350 N. LaSalle St., Suite 1100, Chicago, IL.
For more information, including to inspect the Assets, contact:
Howard B. Samuels, Esq. • David N. Missner, Esq.
Jeffrey D. Samuels
Rally Capital Services, LLC
350 N. LaSalle St., Suite 1100
Chicago, IL 60654
The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.
PUBLIC NOTICE OF CHAPTER 7 SALE: Fashion Fair Beauty Brand
PUBLIC NOTICE OF CHAPTER 7 AUCTION: Full-Service Car Wash/Express Lube Facility
PUBLIC NOTICE OF ARTICLE 9 SALE: Lifeprint Products, Inc.
PUBLIC NOTICE OF ASSIGNEE’S AUCTION OF ASSETS: S&K Air Power Leasing Inc.
PUBLIC NOTICE OF UCC ARTICLE 9 AUCTION: The Credit Junction Holdings, Inc.
The Myth of the Newspaper Being a Commercially Reasonable Notice
Our weekly newsletter, sent every Tuesday at 9am, includes: