{"component": "clause", "props": {"groups": [{"size": 10, "samples": [{"hash": "1AnV5yc4WsS", "uri": "/contracts/1AnV5yc4WsS#cure-amounts", "label": "Asset and Equity Purchase Agreement (Tronox Inc)", "score": 21.0, "published": true}, {"hash": "8ff3d4j8or8", "uri": "/contracts/8ff3d4j8or8#cure-amounts", "label": "Asset and Equity Purchase Agreement (Huntsman International LLC)", "score": 19.0, "published": true}], "snippet": "(i) U.S. Sellers have delivered, or will deliver as soon as practicable after the date hereof, to U.S. Buyer a schedule containing Sellers\u2019 reasonable estimate of the Cure Amounts for each Contract that is listed on Annex B as of the date hereof. U.S. Sellers have set forth in Annex C, a list of each Contract that U.S. Sellers reasonably believe in good faith require Cure Amounts in excess of $50,000 along with U.S. Sellers\u2019 reasonable good faith estimate of the Cure Amount for each such Contract. U.S. Sellers shall reasonably cooperate with and provide such additional information to U.S. Buyer so to identify and provide to U.S. Buyer as promptly as practicable all Contracts relating to the Business (and the related Cure Amounts) and subject to assumption or rejection (each, an \u201cAssumable Contract\u201d).\n(ii) On or before the hearing on the Bidding Procedures, U.S. Buyer will provide U.S. Sellers with a list of Assumable Contracts on Annex B that represents U.S. Buyer\u2019s reasonable best efforts to identify the Assumable Contracts that U.S. Buyer desires to assume from U.S. Sellers at such time. From and after the date hereof, (A) U.S. Buyer may add any Assumable Contract to Annex B from and after the date hereof until the earlier to occur of (1) March 31, 2010 or (2) the Closing, subject to Section 2(j) and 6(b), and (B) U.S. Buyer may delete any Assumable Contract from Annex B from and after the date hereof until the later to occur of (1) the Closing or (2) three Business Days following entry of a Final Order determining all Cure Amounts and adequate assurance (if any) required for such Assumable Contract (with respect to each Assumable Contract, the \u201cApplicable Assumption Deadline\u201d). In the event that U.S. Buyer shall determine to reject or refuse assignment of any Assumable Contract, U.S. Buyer shall have no obligations with respect to such Assumable Contract, including any obligation to cure any defaults thereunder. Any Assumable Contract listed on Annex B at the close of business on the Applicable Assumption Deadline shall be an Assumed Contract designated to be assumed and assigned to U.S. Buyer, with U.S. Buyer being responsible for all Cure Amounts associated therewith. U.S. Buyers shall not be required to make any payment for Cure Amounts for any Assumable Contracts removed from Annex B.\n(iii) With respect to each Assumable Contract listed on Annex B, at the Applicable Assumption Deadline, subject to the approval of the Bankruptcy Court pursuant to the Sale Order, or such other order of the Bankruptcy Court and/or the consent of the applicable counterparties to the extent necessary to effect the assignment for such Assumable Contract in any case, U.S. Sellers shall assume and assign to U.S. Buyer and U.S. Buyer shall assume from U.S. Sellers all such Assumable Contracts, unless previously removed from Annex B pursuant to this Section 5(j).\n(iv) U.S. Sellers shall use their reasonable best efforts, including the filing and prosecution of any and all appropriate proceedings in the Bankruptcy Court, to establish the Cure Amount, if any, for each Assumable Contract that Buyer adds to Annex B from and after the date hereof. Any motions filed with, and any proposed orders submitted to, the Bankruptcy Court seeking authorization after the date hereof to assume or reject any Contracts shall be in form and substance satisfactory to U.S. Buyer. To the extent that any counterparty objects to a proposed Cure Amount or to the assumption and assignment on any other grounds (each, an \u201cObjecting Counterparty\u201d), U.S. Sellers shall reasonably cooperate with U.S. Buyer to negotiate with such Objecting Counterparty, including attending meetings and conferences with such Objecting Counterparty and its representatives as U.S. Buyer reasonably requests, and providing U.S. Buyer with reasonable access to the books and records of U.S. Sellers to defend the proposed assignment and assumption and Cure Amount. Under no circumstances shall U.S. Sellers, without the written consent of U.S. Buyer, (A) compromise or commence any action with respect to a negotiated Cure Amount required to be made under the Bankruptcy Code to effectuate the assumption of any Assumable Contract, (B) agree to any other amendments, supplements or modifications of, or waivers with respect to, any Assumable Contract as part of a negotiated Cure Amount, or (C) reject or take any action (or fail to take any action that would result in rejection, repudiation or disclaimer by operation of law) to reject, repudiate or disclaim any Assumable Contract.\n(v) At the Applicable Assumption Deadline, to the extent not previously paid, U.S. Buyer shall cure any monetary defaults under each Assumed Contract by payment of any Cure Amounts related to Assumed Contracts as ordered by the Bankruptcy Court, and U.S. Sellers shall have no Liability for any Cure Amounts related to Assumed Contracts; provided, however, that notwithstanding anything to the contrary in this Agreement, if the Cure Amount with respect to any Assumable Contract with a vendor of U.S. Sellers that is not listed on Annex C as of the date hereof exceeds $50,000 (an \u201cExcluded Cure Amount\u201d) and U.S. Buyer agrees to assume such Assumable Contract, then U.S. Sellers shall be responsible for the payment of such Excluded Cure Amount; provided, further, that the immediately preceding proviso shall not apply if Sellers could not have reasonably known as of the date hereof that the Cure Amount of such Assumable Contract would exceed $50,000 unless, in each case, such Assumable Contract is a Contract (A) containing pricing terms that are below market pricing terms for the same goods, materials or services or (B) that Buyers would be unable to replace on substantially similar terms and conditions.\n(vi) Notwithstanding any other provision of this Agreement, each Contract to which Tronox Australia is party (other than Contracts with other Sellers) shall be an Acquired Asset and shall be assumed by and assigned to Australia Buyer and shall be an Assumed Contract.\n(vii) Any Contract of the Asset Sellers that is not assumed by U.S. Buyer as provided in this Section 5(j) shall be an Excluded Asset.", "snippet_links": [{"key": "as-soon-as-practicable", "type": "definition", "offset": [49, 71]}, {"key": "date-hereof", "type": "clause", "offset": [82, 93]}, {"key": "a-schedule", "type": "clause", "offset": [109, 119]}, {"key": "reasonable-estimate", "type": "clause", "offset": [140, 159]}, {"key": "annex-b", "type": "clause", "offset": [216, 223]}, {"key": "annex-c", "type": "clause", "offset": [278, 285]}, {"key": "a-list", "type": "definition", "offset": [287, 293]}, {"key": "in-good-faith", "type": "definition", "offset": [348, 361]}, {"key": "good-faith-estimate", "type": "clause", "offset": [440, 459]}, {"key": "cooperate-with", "type": "clause", "offset": [533, 547]}, {"key": "additional-information", "type": "clause", "offset": [565, 587]}, {"key": "contracts-relating-to-the-business", "type": "clause", "offset": [674, 708]}, {"key": "the-hearing", "type": "clause", "offset": [830, 841]}, {"key": "bidding-procedures", "type": "clause", "offset": [849, 867]}, {"key": "will-provide", "type": "clause", "offset": [880, 892]}, {"key": "reasonable-best-efforts", "type": "definition", "offset": [981, 1004]}, {"key": "contracts-that", "type": "clause", "offset": [1031, 1045]}, {"key": "to-assume", "type": "clause", "offset": [1065, 1074]}, {"key": "buyer-may", "type": "definition", "offset": [1148, 1157]}, {"key": "the-closing", "type": "clause", "offset": [1283, 1294]}, {"key": "subject-to-section", "type": "clause", "offset": [1296, 1314]}, {"key": "business-days", "type": "definition", "offset": [1484, 1497]}, {"key": "final-order", "type": "clause", "offset": [1519, 1530]}, {"key": "adequate-assurance", "type": "definition", "offset": [1564, 1582]}, {"key": "with-respect-to", "type": "clause", "offset": [1630, 1645]}, {"key": "assumption-deadline", "type": "definition", "offset": [1687, 1706]}, {"key": "in-the-event", "type": "clause", "offset": [1710, 1722]}, {"key": "buyer-shall", "type": "clause", "offset": [1733, 1744]}, {"key": "assignment-of", "type": "clause", "offset": [1775, 1788]}, {"key": "no-obligations", "type": "clause", "offset": [1835, 1849]}, {"key": "obligation-to-cure", "type": "clause", "offset": [1905, 1923]}, {"key": "close-of-business", "type": "definition", "offset": [1997, 2014]}, {"key": "the-applicable", "type": "clause", "offset": [2018, 2032]}, {"key": "responsible-for", "type": "clause", "offset": [2157, 2172]}, {"key": "payment-for", "type": "clause", "offset": [2258, 2269]}, {"key": "approval-of-the-bankruptcy-court", "type": "clause", "offset": [2452, 2484]}, {"key": "the-sale-order", "type": "clause", "offset": [2497, 2511]}, {"key": "order-of-the-bankruptcy-court", "type": "clause", "offset": [2527, 2556]}, {"key": "consent-of-the", "type": "clause", "offset": [2568, 2582]}, {"key": "to-the-extent", "type": "clause", "offset": [2609, 2622]}, {"key": "the-assignment", "type": "definition", "offset": [2643, 2657]}, {"key": "filing-and-prosecution", "type": "clause", "offset": [2969, 2991]}, {"key": "appropriate-proceedings", "type": "definition", "offset": [3007, 3030]}, {"key": "to-establish", "type": "definition", "offset": [3056, 3068]}, {"key": "assume-or-reject", "type": "clause", "offset": [3311, 3327]}, {"key": "form-and-substance", "type": "clause", "offset": [3354, 3372]}, {"key": "proposed-cure", "type": "definition", "offset": [3450, 3463]}, {"key": "assumption-and-assignment", "type": "clause", "offset": [3481, 3506]}, {"key": "other-grounds", "type": "clause", "offset": [3514, 3527]}, {"key": "to-negotiate", "type": "definition", "offset": [3621, 3633]}, {"key": "meetings-and-conferences", "type": "clause", "offset": [3688, 3712]}, {"key": "access-to-the", "type": "clause", "offset": [3846, 3859]}, {"key": "books-and-records", "type": "definition", "offset": [3860, 3877]}, {"key": "assignment-and-assumption", "type": "definition", "offset": [3917, 3942]}, {"key": "no-circumstances", "type": "clause", "offset": [3966, 3982]}, {"key": "written-consent", "type": "clause", "offset": [4015, 4030]}, {"key": "any-action", "type": "definition", "offset": [4073, 4083]}, {"key": "amount-required", "type": "clause", "offset": [4118, 4133]}, {"key": "bankruptcy-code", "type": "clause", "offset": [4155, 4170]}, {"key": "agree-to", "type": "clause", "offset": [4231, 4239]}, {"key": "other-amendments", "type": "clause", "offset": [4244, 4260]}, {"key": "or-modifications", "type": "clause", "offset": [4274, 4290]}, {"key": "by-operation-of-law", "type": "definition", "offset": [4502, 4521]}, {"key": "monetary-defaults", "type": "clause", "offset": [4684, 4701]}, {"key": "payment-of", "type": "definition", "offset": [4733, 4743]}, {"key": "related-to", "type": "definition", "offset": [4761, 4771]}, {"key": "assumed-contracts", "type": "clause", "offset": [4772, 4789]}, {"key": "ordered-by", "type": "definition", "offset": [4793, 4803]}, {"key": "liability-for", "type": "clause", "offset": [4857, 4870]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [4942, 4982]}, {"key": "in-this-agreement", "type": "clause", "offset": [4983, 5000]}, {"key": "agrees-to", "type": "clause", "offset": [5201, 5210]}, {"key": "be-responsible", "type": "clause", "offset": [5267, 5281]}, {"key": "the-payment", "type": "clause", "offset": [5286, 5297]}, {"key": "each-case", "type": "definition", "offset": [5547, 5556]}, {"key": "pricing-terms", "type": "definition", "offset": [5611, 5624]}, {"key": "market-pricing", "type": "clause", "offset": [5640, 5654]}, {"key": "terms-for", "type": "definition", "offset": [5655, 5664]}, {"key": "terms-and-conditions", "type": "clause", "offset": [5774, 5794]}, {"key": "other-provision-of-this-agreement", "type": "clause", "offset": [5821, 5854]}, {"key": "tronox-australia", "type": "definition", "offset": [5879, 5895]}, {"key": "contracts-with", "type": "clause", "offset": [5917, 5931]}, {"key": "other-sellers", "type": "clause", "offset": [5932, 5945]}, {"key": "acquired-asset", "type": "definition", "offset": [5959, 5973]}, {"key": "asset-sellers", "type": "definition", "offset": [6090, 6103]}, {"key": "excluded-asset", "type": "clause", "offset": [6183, 6197]}], "hash": "323f7492e2e3d1e56a6af0a26772a434", "id": 1}, {"size": 5, "samples": [{"hash": "kre7pL7emiB", "uri": "/contracts/kre7pL7emiB#cure-amounts", "label": "Riverboat Casino Sale and Purchase Agreement (President Casinos Inc)", "score": 18.0, "published": true}, {"hash": "cTZ8lmEDml9", "uri": "/contracts/cTZ8lmEDml9#cure-amounts", "label": "Riverboat Casino Sale and Purchase Agreement (President Casinos Inc)", "score": 18.0, "published": true}, {"hash": "c4KEvysJZ30", "uri": "/contracts/c4KEvysJZ30#cure-amounts", "label": "Riverboat Casino Sale and Purchase Agreement (President Casinos Inc)", "score": 18.0, "published": true}], "snippet": "Seller hereby agrees that it shall be solely responsible for all cure amounts payable under Bankruptcy Code Section 365 to the extent necessary for the Company to assume the Assumed Executory Leases and Executory Contracts (\"Cure Amounts\"). Seller at its sole option shall either pay all such Cure Amounts in cash no later than Closing, or shall direct Buyer in writing to pay such Cure Amounts out of the Purchase Price (with a corresponding reduction thereof) otherwise required by this Agreement to be paid to Seller, in which case Buyer shall pay such Cure Amounts at Closing.", "snippet_links": [{"key": "responsible-for", "type": "clause", "offset": [45, 60]}, {"key": "amounts-payable", "type": "definition", "offset": [70, 85]}, {"key": "code-section", "type": "definition", "offset": [103, 115]}, {"key": "to-the-extent", "type": "clause", "offset": [120, 133]}, {"key": "for-the-company", "type": "definition", "offset": [144, 159]}, {"key": "to-assume", "type": "clause", "offset": [160, 169]}, {"key": "executory-contracts", "type": "definition", "offset": [203, 222]}, {"key": "in-writing", "type": "definition", "offset": [359, 369]}, {"key": "to-pay", "type": "clause", "offset": [370, 376]}, {"key": "the-purchase-price", "type": "clause", "offset": [402, 420]}, {"key": "agreement-to-be", "type": "clause", "offset": [489, 504]}, {"key": "to-seller", "type": "definition", "offset": [510, 519]}, {"key": "buyer-shall", "type": "clause", "offset": [535, 546]}, {"key": "at-closing", "type": "clause", "offset": [569, 579]}], "hash": "242e2318d946e55224f2d7a919c0bf81", "id": 2}, {"size": 3, "samples": [{"hash": "2QB9YhnjAEQ", "uri": "/contracts/2QB9YhnjAEQ#cure-amounts", "label": "Credit Agreement (Atlantic Broadband Finance, LLC)", "score": 22.2375087738, "published": true}, {"hash": "bOZ4VN5v9Ac", "uri": "/contracts/bOZ4VN5v9Ac#cure-amounts", "label": "Credit Agreement (Atlantic Broadband Finance, LLC)", "score": 21.9117050171, "published": true}], "snippet": "If, subsequent to the Closing Date, Borrower receives a Cure Amount, within five Business Days of receipt of the Net Proceeds therefrom, Borrower shall prepay outstanding Loans in an amount equal to 100% of such Net Proceeds and such prepayment shall be applied in accordance with subsection 4.7 below.", "snippet_links": [{"key": "the-closing-date", "type": "clause", "offset": [18, 34]}, {"key": "cure-amount", "type": "clause", "offset": [56, 67]}, {"key": "receipt-of", "type": "clause", "offset": [98, 108]}, {"key": "net-proceeds", "type": "clause", "offset": [113, 125]}, {"key": "borrower-shall", "type": "clause", "offset": [137, 151]}, {"key": "outstanding-loans", "type": "definition", "offset": [159, 176]}, {"key": "equal-to", "type": "definition", "offset": [190, 198]}, {"key": "in-accordance-with", "type": "definition", "offset": [262, 280]}], "hash": "21a114fcdae566ba5ded80e5796f65d7", "id": 8}, {"size": 4, "samples": [{"hash": "8YRAFdziOpL", "uri": "/contracts/8YRAFdziOpL#cure-amounts", "label": "Asset Purchase Agreement", "score": 21.0, "published": true}, {"hash": "3ElpE9To6SK", "uri": "/contracts/3ElpE9To6SK#cure-amounts", "label": "Asset Purchase Agreement", "score": 21.0, "published": true}, {"hash": "ic9OqmOilhy", "uri": "/contracts/ic9OqmOilhy#cure-amounts", "label": "Asset Purchase Agreement", "score": 19.0, "published": true}], "snippet": "On the second Business Day prior to the Closing Date, Sellers shall deliver to Buyer a copy of Schedule 2.3(b) updated as of such date.", "snippet_links": [{"key": "business-day", "type": "clause", "offset": [14, 26]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [27, 52]}, {"key": "deliver-to-buyer", "type": "clause", "offset": [68, 84]}, {"key": "a-copy-of", "type": "clause", "offset": [85, 94]}], "hash": "adfff1bb0f2b37d31bd8487a390aa77e", "id": 3}, {"size": 4, "samples": [{"hash": "dzOxZ70mYzr", "uri": "/contracts/dzOxZ70mYzr#cure-amounts", "label": "Asset Purchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "bB9DPCqOa8d", "uri": "/contracts/bB9DPCqOa8d#cure-amounts", "label": "Asset Purchase Agreement (Constellation Energy Group Inc)", "score": 21.6078033447, "published": true}], "snippet": "Except with respect to those Cure Amounts that are the responsibility of Buyer pursuant to Section 6.12, Sellers shall have successfully cured any defaults under the Assumed Contracts that are being assumed and assigned at Closing by payment of any Cure Amounts (or shall have created reserves therefor) as ordered by the Bankruptcy Court, and Sellers shall have provided Buyer evidence thereof.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "responsibility-of-buyer", "type": "clause", "offset": [55, 78]}, {"key": "pursuant-to-section", "type": "clause", "offset": [79, 98]}, {"key": "contracts-that", "type": "clause", "offset": [174, 188]}, {"key": "at-closing", "type": "clause", "offset": [220, 230]}, {"key": "payment-of", "type": "definition", "offset": [234, 244]}, {"key": "ordered-by", "type": "definition", "offset": [307, 317]}, {"key": "bankruptcy-court", "type": "clause", "offset": [322, 338]}], "hash": "fae02675139eeada628443e5c07c5058", "id": 4}, {"size": 3, "samples": [{"hash": "11JbBFsycOi", "uri": "/contracts/11JbBFsycOi#cure-amounts", "label": "Asset Purchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "c2nHZ2sZjmZ", "uri": "/contracts/c2nHZ2sZjmZ#cure-amounts", "label": "Asset Purchase Agreement (FTD Companies, Inc.)", "score": 30.4757022858, "published": true}, {"hash": "ax0c2ujnOia", "uri": "/contracts/ax0c2ujnOia#cure-amounts", "label": "Asset Purchase Agreement", "score": 25.7378501892, "published": true}], "snippet": "At the Closing and pursuant to Section 365 of the Bankruptcy Code, Seller will assume the Purchased Contracts (to the extent not previously assumed) and, subject to the terms herein, assign the Purchased Contracts to Purchaser, and Purchaser, subject to the terms herein, will assume the Purchased Contracts. All Cure Costs with respect to the Purchased Contracts (the \u201cAssumed Cure Costs\u201d) will be paid by Purchaser, as and when finally determined by the Bankruptcy Court pursuant to the procedures set forth in the Approval Order, and not by Seller, and Seller will have no liability for any Assumed Cure Costs. Seller will serve on all non- Seller counterparties to all Purchased Contracts set forth on Schedule 2.5(e) a notice stating that Seller is or may (as applicable) be seeking the assumption and assignment of such Contracts, and will notify such non-Seller counterparties of the deadline for objecting to the cure costs relating to such Contracts, if any, which deadline will be not less than three Business Days prior to the sale hearing date designated in the Bidding Procedures Order.", "snippet_links": [{"key": "at-the-closing", "type": "definition", "offset": [0, 14]}, {"key": "pursuant-to-section", "type": "clause", "offset": [19, 38]}, {"key": "bankruptcy-code", "type": "clause", "offset": [50, 65]}, {"key": "seller-will", "type": "clause", "offset": [67, 78]}, {"key": "purchased-contracts", "type": "definition", "offset": [90, 109]}, {"key": "to-the-extent", "type": "clause", "offset": [111, 124]}, {"key": "subject-to-the-terms", "type": "clause", "offset": [154, 174]}, {"key": "to-purchaser", "type": "definition", "offset": [214, 226]}, {"key": "with-respect-to", "type": "clause", "offset": [324, 339]}, {"key": "assumed-cure-costs", "type": "definition", "offset": [370, 388]}, {"key": "paid-by-purchaser", "type": "clause", "offset": [399, 416]}, {"key": "finally-determined", "type": "definition", "offset": [430, 448]}, {"key": "bankruptcy-court", "type": "clause", "offset": [456, 472]}, {"key": "the-procedures", "type": "definition", "offset": [485, 499]}, {"key": "the-approval-order", "type": "clause", "offset": [513, 531]}, {"key": "by-seller", "type": "clause", "offset": [541, 550]}, {"key": "liability-for", "type": "clause", "offset": [576, 589]}, {"key": "will-serve", "type": "definition", "offset": [621, 631]}, {"key": "on-schedule", "type": "definition", "offset": [703, 714]}, {"key": "a-notice", "type": "definition", "offset": [722, 730]}, {"key": "assignment-of", "type": "clause", "offset": [807, 820]}, {"key": "relating-to", "type": "definition", "offset": [932, 943]}, {"key": "hearing-date", "type": "definition", "offset": [1043, 1055]}, {"key": "bidding-procedures-order", "type": "definition", "offset": [1074, 1098]}], "hash": "e73187ee1c3c436f0071b40c746e1340", "id": 5}, {"size": 3, "samples": [{"hash": "kSQ1GyvmbbF", "uri": "/contracts/kSQ1GyvmbbF#cure-amounts", "label": "Asset Purchase Agreement (Sharper Image Corp)", "score": 21.0, "published": true}, {"hash": "kA0G7JqGviY", "uri": "/contracts/kA0G7JqGviY#cure-amounts", "label": "Asset Purchase Agreement", "score": 21.0, "published": true}], "snippet": "At Closing and pursuant to Section 365 of the Bankruptcy Code, Seller shall assume and assign to Purchaser and Purchaser shall assume from Seller, the Purchased Contracts. Except as otherwise set forth in any Bankruptcy Court order approving this Agreement and authorizing the sale of the Purchased Assets, the cure amounts, as determined by the Bankruptcy Court, if any, necessary to cure all defaults, if any, (including, if any, and to the extent allowed by the Bankruptcy Court, all actual or pecuniary losses that have resulted from such defaults under the Purchased Contracts), shall be paid by Purchaser, on or before Closing, and not by Seller and Seller shall have no liability therefore; provided, however, that Purchaser shall not be obligated to cure any such default that is (a) (i) greater than 110% of the total amount set forth in the cure amounts schedule attached as Schedule 2.6(a) hereof or (ii) in excess of the total amount set forth in the cure amount schedule that is to be dated May 21, 2008, whichever is greater (with such excess being Seller\u2019s sole responsibility), or (b) that is in dispute as of the Closing Date if an escrow or other commercially reasonable arrangement with respect thereto shall have been established at or following the Closing pursuant to an order of the Bankruptcy Court. Purchaser shall have the right to a reduction of the Purchase Price (with an amount agreed to by Seller and Purchaser or as determined by the Bankruptcy Court) as a result of the failure by Seller to assume and assign to Purchaser any Core IP Contract.", "snippet_links": [{"key": "at-closing", "type": "clause", "offset": [0, 10]}, {"key": "pursuant-to-section", "type": "clause", "offset": [15, 34]}, {"key": "bankruptcy-code", "type": "clause", "offset": [46, 61]}, {"key": "seller-shall", "type": "clause", "offset": [63, 75]}, {"key": "purchaser-and-purchaser", "type": "definition", "offset": [97, 120]}, {"key": "from-seller", "type": "clause", "offset": [134, 145]}, {"key": "purchased-contracts", "type": "definition", "offset": [151, 170]}, {"key": "bankruptcy-court-order", "type": "definition", "offset": [209, 231]}, {"key": "this-agreement", "type": "clause", "offset": [242, 256]}, {"key": "sale-of-the-purchased-assets", "type": "clause", "offset": [277, 305]}, {"key": "to-the-extent-allowed", "type": "clause", "offset": [436, 457]}, {"key": "paid-by-purchaser", "type": "clause", "offset": [593, 610]}, {"key": "before-closing", "type": "clause", "offset": [618, 632]}, {"key": "seller-and-seller", "type": "clause", "offset": [645, 662]}, {"key": "no-liability", "type": "clause", "offset": [674, 686]}, {"key": "total-amount", "type": "definition", "offset": [821, 833]}, {"key": "sole-responsibility", "type": "clause", "offset": [1072, 1091]}, {"key": "in-dispute", "type": "definition", "offset": [1109, 1119]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [1120, 1142]}, {"key": "commercially-reasonable", "type": "definition", "offset": [1165, 1188]}, {"key": "following-the-closing", "type": "clause", "offset": [1256, 1277]}, {"key": "order-of-the-bankruptcy-court", "type": "clause", "offset": [1293, 1322]}, {"key": "right-to", "type": "definition", "offset": [1349, 1357]}, {"key": "reduction-of-the-purchase-price", "type": "clause", "offset": [1360, 1391]}, {"key": "seller-and-purchaser", "type": "definition", "offset": [1421, 1441]}, {"key": "failure-by", "type": "clause", "offset": [1503, 1513]}, {"key": "to-assume", "type": "clause", "offset": [1521, 1530]}, {"key": "ip-contract", "type": "definition", "offset": [1564, 1575]}], "hash": "1161dd0cdfcfd833eec1e91b855f62f8", "id": 6}, {"size": 3, "samples": [{"hash": "qoVJSbvcGi", "uri": "/contracts/qoVJSbvcGi#cure-amounts", "label": "Stock and Asset Purchase Agreement", "score": 20.3408622742, "published": false}, {"hash": "3KOSz5hKOT4", "uri": "/contracts/3KOSz5hKOT4#cure-amounts", "label": "Stock and Asset Purchase Agreement (Insilco Technologies Inc)", "score": 18.0, "published": true}], "snippet": "17 Section 3.3", "snippet_links": [{"key": "section-33", "type": "definition", "offset": [3, 14]}], "hash": "28a214b480115a0fa1ad65eff77c305d", "id": 7}, {"size": 3, "samples": [{"hash": "4kF7chSiqSy", "uri": "/contracts/4kF7chSiqSy#cure-amounts", "label": "Asset Purchase Agreement (Childtime Learning Centers Inc)", "score": 18.0, "published": true}], "snippet": "Schedule 4.17 attached hereto sets forth all of the costs of cure to be satisfied for purposes of Sellers' assumption and assignment to Purchaser of the Assumed Executory Contracts under section 365 of the Bankruptcy Code.", "snippet_links": [{"key": "costs-of-cure", "type": "clause", "offset": [52, 65]}, {"key": "of-sellers", "type": "clause", "offset": [95, 105]}, {"key": "assignment-to-purchaser", "type": "clause", "offset": [122, 145]}, {"key": "assumed-executory-contracts", "type": "definition", "offset": [153, 180]}, {"key": "bankruptcy-code", "type": "clause", "offset": [206, 221]}], "hash": "eb36d18e0fd71b664d9f179f01b135ce", "id": 9}, {"size": 3, "samples": [{"hash": "6bohQs6mlS7", "uri": "/contracts/6bohQs6mlS7#cure-amounts", "label": "Asset Purchase Agreement (Metatec Inc)", "score": 18.0, "published": true}], "snippet": "At the Closing, Buyer shall provide funds to Seller (by wire transfer of immediately available U.S. funds) in an amount equal to the Cure Amounts. Seller shall pay all Cure Payments and Cure Expenses owed to third parties promptly (but in any event within five (5) Business Days) after receipt thereof from Buyer. In the event the amount of a Cure Payment related to an Assumed Agreement is not known on the Closing Date, Buyer and Seller shall estimate in good faith the amount of the Cure Payment (an \"Estimated Cure Payment\") and such Estimated Cure Payment shall be placed into an escrow account with an escrow agent, financial institution or company (the \"Escrow Holder\") mutually designated by Seller and Buyer. If an Estimated Cure Payment is more than the Cure Payment when the amount is known, the excess shall be returned to Buyer and if the Estimated Cure Payment is less than the Cure Payment when the amount is known, Buyer shall pay the additional funds to Seller by wire transfer in immediately available U.S. funds. In the event that the amount of a Cure Payment is disputed between Buyer and the third party to the Assumed Agreement, the amount of such Cure Payment will be determined by the Bankruptcy Court.", "snippet_links": [{"key": "at-the-closing", "type": "definition", "offset": [0, 14]}, {"key": "buyer-shall", "type": "clause", "offset": [16, 27]}, {"key": "provide-funds", "type": "clause", "offset": [28, 41]}, {"key": "to-seller", "type": "definition", "offset": [42, 51]}, {"key": "transfer-of", "type": "clause", "offset": [61, 72]}, {"key": "immediately-available", "type": "definition", "offset": [73, 94]}, {"key": "equal-to", "type": "definition", "offset": [120, 128]}, {"key": "seller-shall", "type": "clause", "offset": [147, 159]}, {"key": "cure-payments", "type": "definition", "offset": [168, 181]}, {"key": "to-third-parties", "type": "clause", "offset": [205, 221]}, {"key": "business-days", "type": "definition", "offset": [265, 278]}, {"key": "in-the-event-the", "type": "clause", "offset": [314, 330]}, {"key": "related-to", "type": "definition", "offset": [356, 366]}, {"key": "assumed-agreement", "type": "definition", "offset": [370, 387]}, {"key": "the-closing-date", "type": "clause", "offset": [404, 420]}, {"key": "buyer-and-seller", "type": "definition", "offset": [422, 438]}, {"key": "in-good-faith", "type": "definition", "offset": [454, 467]}, {"key": "account-with", "type": "definition", "offset": [592, 604]}, {"key": "escrow-agent", "type": "definition", "offset": [608, 620]}, {"key": "financial-institution", "type": "definition", "offset": [622, 643]}, {"key": "escrow-holder", "type": "definition", "offset": [661, 674]}, {"key": "seller-and-buyer", "type": "clause", "offset": [700, 716]}, {"key": "the-excess", "type": "clause", "offset": [803, 813]}, {"key": "to-buyer", "type": "definition", "offset": [832, 840]}, {"key": "additional-funds", "type": "clause", "offset": [951, 967]}, {"key": "transfer-in", "type": "definition", "offset": [986, 997]}, {"key": "the-third-party", "type": "definition", "offset": [1109, 1124]}, {"key": "bankruptcy-court", "type": "clause", "offset": [1209, 1225]}], "hash": "5f3c5ecf5e2f1a7b8c8fc242b222275f", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVjdXJlLWFtb3VudHMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 104, "parents": [["purchase-and-sale-of-assets-assumption-of-liabilities", "Purchase and Sale of Assets Assumption of Liabilities"], ["covenants", "Covenants"], ["payment-of-purchase-price", "Payment of Purchase Price"], ["consideration", "Consideration"], ["purchase-and-sale", "Purchase and Sale"]], "title": "Cure Amounts", "children": [["", ""], ["approval-of-the-purchase-agreement", "Approval of the Purchase Agreement"]], "id": "cure-amounts", "related": [["payment-amounts", "Payment Amounts", "Payment Amounts"], ["excluded-amounts", "Excluded Amounts", "Excluded Amounts"], ["net-out-of-settlement-amounts", "Net Out of Settlement Amounts", "Net Out of Settlement Amounts"], ["intercompany-debt", "Intercompany Debt", "Intercompany Debt"], ["accounts-receivable-and-payable", "Accounts Receivable and Payable", "Accounts Receivable and Payable"]], "related_snippets": [], "updated": "2025-11-06T04:31:31+00:00", "also_ask": ["What negotiation leverage does the definition of 'Cure Amounts' provide each party?", "Which essential elements must be included in a Cure Amounts clause to ensure enforceability?", "What are the most common pitfalls or ambiguities in drafting Cure Amounts provisions?", "How do Cure Amounts clauses differ across jurisdictions or under different insolvency regimes?", "What standards do courts apply to determine the sufficiency and timeliness of cure payments?"], "drafting_tip": "Specify the calculation method for cure amounts to prevent disputes; define payment deadlines to ensure timely compliance; clarify what constitutes a cure to avoid ambiguity.", "explanation": "The Cure Amounts clause defines the specific payments or actions required to remedy a default or breach under a contract. In practice, this clause outlines the monetary sums or obligations that must be fulfilled by the defaulting party to restore the agreement to good standing, often including overdue payments, interest, or other damages. Its core function is to provide a clear mechanism for resolving defaults, ensuring both parties understand the steps necessary to cure breaches and continue the contractual relationship."}, "json": true, "cursor": ""}}