Common use of Deemed Consents and Cures Clause in Contracts

Deemed Consents and Cures. For all purposes of this Agreement (including all representations and warranties of Seller contained herein), subject to Section 2.7, Seller will be deemed to have obtained all required consents, as applicable, in respect of the assignment of any Acquired Contract and to have cured all defaults thereunder if, and to the extent that, pursuant to the Sale Order or another Order of the Bankruptcy Court, Seller is authorized to assume and assign any such Acquired Contracts to Purchaser pursuant to section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Asset Purchase Agreement (Neogenix Oncology Inc)

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Deemed Consents and Cures. For all purposes of this Agreement (including all representations and warranties of Seller Sellers contained herein), subject to Section 2.7, Seller will Sellers shall be deemed to have obtained all required consents, as applicable, consents in respect of the assignment of any Acquired Assumed Contract and to have cured all defaults thereunder if, or Assumed Lease if and to the extent that, pursuant to the Sale Order or another Order of the other Bankruptcy CourtCourt order, Seller is Sellers are authorized to assume and assign any such Acquired Assumed Contracts and/or Assumed Leases to Purchaser pursuant to section 365 of the Bankruptcy CodeCode and any applicable cure cost has been satisfied.

Appears in 1 contract

Samples: Asset Purchase Agreement (Questron Technology Inc)

Deemed Consents and Cures. For all purposes of this Agreement (including all representations and warranties of Seller contained herein), subject to Section 2.7, Seller will shall be deemed to have obtained all required consents, as applicable, consents in respect of the assignment of any Acquired Assumed Contract and to have cured all defaults thereunder if, and to the extent that, pursuant to the Sale Order or another Order of the Bankruptcy CourtOrder, Seller is authorized to assume and assign any such Acquired Assumed Contracts and/or Assumed Leases to Purchaser pursuant to section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Asset Purchase Agreement (A21, Inc.)

Deemed Consents and Cures. For all purposes of this Agreement (including all representations and warranties of Seller Sellers contained herein), subject to Section 2.7, Seller will Sellers shall be deemed to have obtained all required consents, as applicable, in respect of the assignment of any Acquired Contract Purchased Asset and to have cured all defaults thereunder if, and to the extent that, pursuant to the Sale Order or another Order of the Bankruptcy Court, Seller is Sellers are authorized to assume and assign any such Acquired Contracts Purchased Assets to Purchaser Buyer pursuant to section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Asset Purchase Agreement

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Deemed Consents and Cures. For all purposes of this Agreement (including all representations and warranties of Seller contained herein), subject to Section 2.7, Seller will shall be deemed to have obtained all required consents, as applicable, in respect of the assignment of any Acquired Contract Purchased Asset and to have cured all defaults thereunder ifif any, and to the extent that, pursuant to the Sale Order or another Order of the Bankruptcy CourtOrder, Seller is authorized to assume and assign any such Acquired Contracts the Purchased Assets detailed on Schedule 2.3 to Purchaser so assign to Buyer its rights thereunder pursuant to section Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Asset Purchase Agreement

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