Common use of ACCELERATED PROCEDURES Clause in Contracts

ACCELERATED PROCEDURES. If bankruptcy proceedings under any Chapter of the Bankruptcy Code, or other insolvency proceedings, voluntary or involuntary, are filed by or against Licensee, then Licensee or its representative must assume the Agreement within thirty (30) days of that filing, and Licensee must cure all defaults existing under the Agreement within that thirty day period, and Licensee must provide such adequate assurance of future performance of its obligations under the Agreement as may be required by the Bankruptcy or other Court, and should Licensee fail to assume the Agreement within thirty (30) days of that filing, or should Licensee fail to cure all defaults existing under the Agreement within that thirty (30) day period, or should Licensee fail to provide adequate assurance of its future performance of its obligations under the Agreement, as may be required by the Bankruptcy or other Court, then the Agreement shall be deemed to be rejected.

ACCELERATED PROCEDURES. If bankruptcy proceedings under any Chapter of the Bankruptcy Code, or other insolvency proceedings, voluntary or involuntary, are filed by or against Licensee, then Licensee or its representative must assume the Agreement within thirty (30) days of that filing, and Licensee must cure all defaults existing under the Agreement within that thirty day period, and Licensee must provide such adequate assurance of future performance of its obligations under the Agreement as may be required by the Bankruptcy or other Court, and should Licensee fail to assume the Agreement within thirty (30) days of that filing, or should Licensee fail to cure all defaults existing under the Agreement within that thirty (30) day period, or should Licensee fail to provide adequate assurance of its future performance of its obligations under the Agreement, Agreement as may be required by the Bankruptcy or other Court, then the Agreement shall be deemed to be rejected.

ACCELERATED PROCEDURES. If bankruptcy proceedings under any Chapter of the Bankruptcy Code, or other insolvency proceedings, voluntary or involuntary, are filed by or against Licensee, then Licensee or its representative must assume the Agreement within thirty (30) sixty days of that filing, and Licensee must cure all defaults existing under the Agreement within that thirty sixty day period, and Licensee must provide such adequate assurance of future performance of its obligations under the Agreement as may be required by the Bankruptcy or other Court, and should Licensee fail to assume the Agreement within thirty (30) sixty days of that filing, or should Licensee fail to cure all defaults existing under the Agreement within that thirty (30) sixty day period, or should Licensee fail to provide adequate assurance of its future performance of its obligations under the Agreement, Agreement as may be required by the Bankruptcy or other Court, then the Agreement shall be deemed to be rejected.