Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord's right to terminate this Lease pursuant to Section 11.2(a) shall be subject to the rights of the Trustee in Bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (i) promptly cures all defaults under this Lease, (ii) promptly compensates Landlord for monetary damages, incurred as a result of such default, and (iii) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee Tenant.
Appears in 3 contracts
Samples: Lease and Lease Extension Agreement (Otg Software Inc), Techteam Global Inc, Template Software Inc
Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord's ’s right to terminate this Lease pursuant to Section 11.2(aParagraph 26.5(a) shall be subject to the rights of the Trustee in Bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (i) promptly cures all defaults under this Lease, (ii) promptly compensates Landlord for monetary damages, damages incurred as a result of such default, and (iii) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee Tenant.
Appears in 3 contracts
Samples: Merrill Creek Center (Zumiez Inc), Merrill Creek Center Lease Agreement (Zumiez Inc), Lease Agreement (Onvia Inc)
Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, LandlordXxxxxxxx's right to terminate this Lease pursuant to Section section 11.2(a) shall be subject to the rights of the Trustee in Bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (i) promptly cures all defaults under this Lease, (ii) promptly compensates Landlord for monetary damages, incurred as a result of such default, and (iii) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee Tenant.
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Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord's ’s right to terminate this Lease pursuant to Section 11.2(a) this ¶16 shall be subject to the rights of the Trustee in Bankruptcy bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (iA) promptly cures all defaults under this Lease, (iiB) promptly compensates Landlord for monetary damages, incurred as a result of such default, and (iiiC) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee Tenantperformance.
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Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord's right to terminate this Lease pursuant to Section 11.2(a) shall be subject to the rights of the Trustee in Bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (i) promptly cures all defaults under this Lease, (iiiii) promptly compensates Landlord for monetary damages, incurred as a result of such default, and (iii) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee Tenant.
Appears in 1 contract
Samples: Template Software Inc
Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord's ’s right to terminate this Lease pursuant to Section 11.2(a24.5(a) shall be subject to the rights of the Trustee in Bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (i) promptly cures all defaults under this Lease, (ii) promptly compensates Landlord for monetary damages, damages incurred as a result of such default, and (iii) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee Tenant.
Appears in 1 contract
Samples: Sublease Agreement (Erickson Inc.)
Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord's right to terminate this Lease pursuant to Section 11.2(a) this Article 21 shall be subject to the rights of the Trustee in Bankruptcy bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (ia) promptly cures all defaults under this Lease, (iib) promptly compensates Landlord for monetary damages, damages incurred as a result of such default, and (iiic) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee Tenantperformance.
Appears in 1 contract
Samples: Opnet Technologies Inc
Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord's right to terminate this Lease pursuant to Section 11.2(a) this Article 27 shall be subject to the rights of the Trustee in Bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (ia) promptly cures all defaults under this Lease, (iib) promptly compensates Landlord for monetary damages, damages incurred as a result of such default, and (iiic) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee Tenantperformance.
Appears in 1 contract
Samples: Lease (Paytrust Inc)