Payment of Cure Amounts. 13 Section 2.7
Payment of Cure Amounts. Any and all Cure Amounts shall be promptly paid by the Sellers to the parties to whom and pursuant to the terms by which the Bankruptcy Court directs such payments to be made up to the aggregate amount of $365,000 and any such Cure Amounts in excess thereof shall be paid by the Purchaser.
Payment of Cure Amounts. The Purchaser will pay any and all Cure Amounts with respect to the Included Contracts, in cash on the Assumption Effective Date (as defined herein) in the amount specified on Schedule 5.11(a)(ii) (or in such amount as otherwise agreed by the Purchaser or determined by the Bankruptcy Court), or in such other manner as agreed by the Purchaser and the counterparty to such Included Contract.”
Payment of Cure Amounts. Seller shall have made sufficient provisions to satisfy all Cure Amounts with respect to Assumed Contracts as set forth in Section 8.4 hereof.
Payment of Cure Amounts. As between the parties hereto, Sellers shall be responsible for the payment of any and all Cure Amounts related to the Assumed Agreements scheduled as such as of the Execution Date, and any additional Cure Amounts related to any Assumable Agreements that are designated by Buyer as Assumed Agreements after the Execution Date; PROVIDED HOWEVER that if the aggregate Cure Amounts for all agreements as determined by the Court in connection with the Sale Order exceeds Three Million Dollars (US $3,000,000), Sellers shall notify Buyer in writing to such effect and, if Buyer does not elect, within three (3) Business Days after receipt of such written notice either (x) to move Assumable Agreements or Assumed Agreements to the Schedule of Rejected Agreements in order to reduce the aggregate Cure Amounts to less than Three Million Dollars (US $3,000,000) or (y) to agree irrevocably to reimburse Sellers for the amount by which the aggregate Cure Amounts exceed Three Million Dollars (US $3,000,000) at the time such amounts become due, Sellers may, within six (6) Business Days following the date upon which Sellers provide written notice to Buyer, terminate this Agreement. In the event the aggregate Cure Amounts for the Assumed Agreements (including any Assumable Agreements that are, subsequent to the Execution Date, designated as Assumed Agreements) is less than Three Million Dollars ($3,000,000), Sellers shall pay to Buyer, as an adjustment to the Purchase Price, an amount corresponding to ten percent (10%) of such shortfall, in accordance with Sections 3(a) and 3(c).
Payment of Cure Amounts. Sellers shall pay any Cure Amounts and cure any defaults under the Assumed Agreements prior to the Closing Date.
Payment of Cure Amounts. In addition to payment of the Consideration, the Purchaser shall also pay the Cure Amounts to the parties to whom and pursuant to the terms by which the Bankruptcy Court directs such payments to be made.
Payment of Cure Amounts. 16 Section 2.7 Adjustment to Original Creditor Note.............16 Section 2.8 Adjustment to Original One Year Note.............18 Section 2.9 Agreement Regarding Certain Assets...............18 Section 2.10
Payment of Cure Amounts. 46 Section 6.10 Insurance; Risk of Loss.................................46 Section 6.11
Payment of Cure Amounts. Seller shall have paid all Cure Amounts with respect to Assumed Contracts as set forth in Section 8.4 hereof. Seller shall have cured any and all monetary defaults that arose under or otherwise became due and owing prior to the Closing Date under Transferred Contracts that are Post-Petition Contracts.
