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

Appears in 1 contract

Samples: Asset Purchase Agreement (Neogenix Oncology Inc)

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

Appears in 1 contract

Samples: Asset Purchase Agreement (A21, Inc.)

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Deemed Consents and Cures. For all purposes of this Agreement (including all representations and warranties of Sellers Seller contained herein), Sellers Seller shall be deemed to have obtained all required consents, as applicable, in respect of the assignment of any Purchased Asset and to have cured all defaults thereunder ifif any, and to the extent that, pursuant to the Sale Order Sellers are Order, Seller is authorized to assume and assign any the Purchased Assets detailed on Schedule 2.3 to 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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