Cure of Defaults. At or prior to the Closing, Buyer shall have cured, or made arrangements, satisfactory to Sellers in their sole discretion, to promptly cure, any and all defaults under the Executory Contracts set forth on SCHEDULE 4.1(m) that are required to be cured under the Bankruptcy Code, so that such Executory Contracts may be assumed by Sellers and assigned to Buyer in accordance with the provisions of section 365 of the Bankruptcy Code.
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Samples: Asset Purchase Agreement (LTV Corp), Asset Purchase Agreement (International Steel Group Inc)
Cure of Defaults. At Buyer shall, at or prior to the Closing, Buyer shall have cured, or made arrangements, satisfactory to Sellers in their sole discretion, to promptly cure, cure any and all defaults under the Executory Contracts set forth as described on SCHEDULE 4.1(m) that ), which defaults are required to be cured under the Bankruptcy Code, so that such Executory Contracts may be assumed by Sellers LTV and assigned to Buyer in accordance with the provisions of section 365 of the Bankruptcy Code.
Appears in 2 contracts
Samples: Asset Purchase Agreement (International Steel Group Inc), Asset Purchase Agreement (LTV Corp)
Cure of Defaults. At The Seller shall, on or prior to the Closing, Buyer shall have curedat the Buyer's expense, or made arrangements, satisfactory to Sellers in their sole discretion, to promptly cure, cure any and all defaults under the Assumed Executory Contracts set forth on SCHEDULE 4.1(m) that which defaults are required to be cured under the Bankruptcy Code, so that such Assumed Executory Contracts may be assumed by Sellers the Seller and assigned to the Buyer in accordance with the provisions of section Section 365 of the Bankruptcy Code.
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