Common use of Cure Costs Clause in Contracts

Cure Costs. Subject to entry of the Sale Order, Purchaser shall, on or prior to the Closing (or, in the case of any Contract that is to be assigned following the Closing pursuant to Section 1.5, on or prior to the date of such assignment), pay the Cure Costs and cure any and all other defaults and breaches under the Assigned Contracts as required for such Contracts to be assumed by the applicable Seller and assigned to Purchaser in accordance with the provisions of section 365 of the Bankruptcy Code and this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Pier 1 Imports Inc/De), Asset Purchase Agreement

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Cure Costs. Subject to entry of the Sale OrderOrder and consummation of the Closing, Purchaser shall, on or prior to the Closing (or, in the case of any Contract that is to be assigned following the Closing pursuant to Section 1.5, on or prior to the date of such assignment)Closing, pay the Cure Costs and cure any and all other defaults and breaches under the Assigned Acquired Contracts as required for so that such Contracts to may be assumed by the applicable Seller and assigned to Purchaser in accordance with the provisions of section Section 365 of the Bankruptcy Code and this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Akorn Inc), Asset Purchase Agreement

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