Conditions to Assumption. No election by any party, or any successor-in- interest to such party, to assume this Agreement as contemplated by Section (a) above shall be effective unless each of the following conditions, each of which each party acknowledges is commercially reasonable in the context of a bankruptcy or similar proceeding, has been satisfied by such party and each of the other parties has acknowledged such satisfaction in writing: (1) Cure. Such party has cured, or has provided the other party adequate assurances that:
Appears in 4 contracts
Samples: Licensing Agreement (Ixion Biotechnology Inc), Patent License Agreement (Ixion Biotechnology Inc), Licensing Agreement (Ixion Biotechnology Inc)
Conditions to Assumption. No election by any party, or any successor-in- in-interest to such party, to assume this Agreement as contemplated by Section paragraph (a) above shall be effective unless each of the following conditions, each of which each party acknowledges is commercially reasonable in the context of a bankruptcy or similar proceeding, has been satisfied by such party and each of the other parties has acknowledged such satisfaction in writing:
(1) Cure. Such party has cured, or has provided the other party adequate assurances that:
Appears in 4 contracts
Samples: Patent License Agreement (Apollo Biopharmaceutics Inc), Patent License Agreement (Apollo Biopharmaceutics Inc), Patent License Agreement (Apollo Biopharmaceutics Inc)
Conditions to Assumption. No election by any party, or any successor-in- in-interest to such party, to assume this Agreement as contemplated by Section paragraph (a) above shall be effective unless each of the following conditions, each of which each party acknowledges is commercially reasonable in the context of a bankruptcy or similar proceeding, has been satisfied by such party and each of the other parties has acknowledged such satisfaction in writing:
(1) Cure. Such party has cured, or has provided the other party adequate assurances that:
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