Assumed Leases definition

Assumed Leases has the meaning set forth in Section 2.6(b).

Assumed Leases means the Leases identified on Schedule 3.7(a) to be assumed or subleased by Buyer or a Buyer Designee pursuant to a Lease Assignment or Sublease as designated on Schedule 3.7(a).

Assumed Leases has the meaning ascribed thereto in Section 1.1(a).

Examples of Assumed Leases in a sentence

• Seller has the right to use and occupy all of the Leased Real Property (as lessee) pursuant to valid, binding, and enforceable Assumed Leases, and has provided Buyer with a copy of such Assumed Leases.

• Except as set forth in Schedule 4.8.1: (i) the Assumed Leases have not been modified, amended, or assigned, are legally valid, binding and enforceable in accordance with their respective terms, and are in full force and effect; and (ii) to Seller’s knowledge, there are no material defaults (or matters that upon written notice or lapse of time would constitute material defaults) by Seller or by any other party to the Assumed Leases.

• Purchaser will timely provide such information to Sellers, as Sellers believe is reasonably necessary to provide “adequate assurance,” as that term is used in Section 365 of the Bankruptcy Code, with respect to Assumed Leases and Assumed Contracts.

• The Assumed Leases are in full force and effect, and Seller holds a valid and existing leasehold interest under the Assumed Lease.

• Seller has provided to Buyer a complete and accurate copy of each Assumed Lease (including all notices exercising renewal, expansion, termination or other material rights under the Assumed Lease), and the Assumed Leases have not been modified in any respect.

More Definitions of Assumed Leases

Assumed Leases shall have the meaning set forth in Section 2.1.

Assumed Leases shall have the meaning specified in Section 2.5(a).

Assumed Leases means the Leases identified in Schedule 2.1(a).

Assumed Leases means, in the singular, any executory contract or unexpired lease that is assumed pursuant to Section 5.2(d) or (e) of the Plan, and in the plural shall mean all such contracts and leases.

Assumed Leases shall have the meaning assigned to such term in Section 2.1(a)(ix) hereof.

Assumed Leases has the meaning set forth in Section 3.13(b).

Assumed Leases means, collectively, the Leases set forth in Exhibit E attached hereto, which Leases shall be assumed by the Sellers and assigned to the Purchaser pursuant to Section 365 of the Bankruptcy Code, the Confirmation Order, or other order of the Bankruptcy Court and the Assignment and Assumption Agreement.