Common use of Assignment in Bankruptcy Clause in Contracts

Assignment in Bankruptcy. In the event of an assignment by operation of law under the Federal Bankruptcy Code, or any State bankruptcy or insolvency law and Landlord elects not to terminate or is stayed from termination of Tenant’s rights of possession under this Lease, the assignee shall provide Landlord with adequate assurance of future performance of all of the terms, conditions and covenants of the Lease, which shall include, but which shall not be limited to, assumption of all the terms, covenants and conditions of the Lease by the assignee and the making by the assignee of the following express covenants to Landlord:

Appears in 3 contracts

Samples: Lease Agreement (Argos Therapeutics Inc), Lease Agreement (Big Dog Holdings Inc), Lease Agreement (Boston Gear LLC)

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Assignment in Bankruptcy. In the event of an assignment by operation of law under the Federal Bankruptcy Code, or any State bankruptcy or insolvency law and Landlord elects not to terminate or is stayed from termination of Tenant’s 's rights of possession under this Lease, the assignee shall provide Landlord with adequate assurance of future performance of all of the terms, conditions and covenants of the Lease, which shall include, but which shall not be limited to, assumption of all the terms, covenants and conditions of the Lease by the assignee and the making by the assignee of the following express covenants to Landlord:

Appears in 3 contracts

Samples: Lease Agreement (Newriders Inc), Lease Agreement (Odyssey Marine Exploration Inc), Lease Agreement (Griffith Micro Science International Inc)

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Assignment in Bankruptcy. In the event of an assignment by operation of law under the Federal ------- Bankruptcy Code, or any State state bankruptcy or insolvency law law, and Landlord elects --------------- not to terminate or is stayed from termination of Tenant’s rights of possession this Lease under this LeaseSection 15.1., the assignee shall provide Landlord with adequate assurance of future performance of all of the terms, conditions and covenants of the Lease, which shall include, but which shall not be limited to, assumption of all the terms, covenants and conditions of the Lease by the assignee assignee, and the making by the assignee of the following express covenants to Landlord:

Appears in 1 contract

Samples: Lease Agreement (Vialog Corp)

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