Common use of CONDITIONS TO THE ASSUMPTION OF LEASE IN BANKRUPTCY PROCEEDINGS Clause in Contracts

CONDITIONS TO THE ASSUMPTION OF LEASE IN BANKRUPTCY PROCEEDINGS. In the event that a voluntary or involuntary bankruptcy petition is filed by or against Tenant, and Tenant, trustee or debtor in possession elects to assume the Lease in accordance with the provisions of Section 10.4.3 above, such assumption shall only be effective if each of the following conditions, which Landlord and Tenant hereby acknowledge to be commercially reasonable in the context of a bankruptcy proceeding of Tenant, have been satisfied:

CONDITIONS TO THE ASSUMPTION OF LEASE IN BANKRUPTCY PROCEEDINGS. In the event that a voluntary or involuntary bankruptcy petition is filed by or against Tenant, and Tenant, trustee or debtor in possession elects to assume the Lease lease in accordance with the provisions of Section 10.4.3 abovethe preceding paragraph, such assumption shall only be effective if each of the following conditions, which Landlord and Tenant hereby acknowledge to be commercially reasonable in the context of a bankruptcy proceeding of Tenanttenant, have been satisfied: