Payment of Cure Amounts. 15 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 $50,000 and any such Cure Amounts in excess thereof shall be paid by the Purchaser.
Payment of Cure Amounts. Seller shall be responsible for the payment of any and all Cure Amounts related to the Assumed Agreements as of the Closing Adjustment Time. Seller's obligation to pay Cure Amounts shall be limited to an aggregate amount of One Hundred Thousxxx xxx 00/00 Xxxxxx Xxxxxx Xxxxxxx ($000,000.00). If the aggregate of the Cure Amounts exceeds One Hundred Thousxxx xxx 00/00 Xxxxxx Xxxxxx Xxxxxxx ($000,000.00), then Buyer may, at its sole option, (A) instruct Seller to move the Bankruptcy Court to reject such contract(s) or any combination of contracts that would otherwise be Assumed Agreements, which brings the aggregate of the Cure Amounts above One Hundred Thousxxx xxx 00/00 Xxxxxx Xxxxxx Xxxxxxx ($000,000.00) and/or pay any and all Cure Amounts in excess of One Hundred Thousxxx xxx 00/00 Xxxxxx Xxxxxx Xxxxxxx ($000,000.00) or (B) terminate this Agreement, it being understood and agreed that, if the Bankruptcy Court does not approve the rejection of one or more contracts under clause (A) of this sentence, Buyer shall still have the right to terminate this Agreement under clause (B) of this sentence.
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.
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. All Cure Amounts under Assumed Section 365 Contracts, up to an aggregate amount of $500,000, shall be the responsibility of the Sellers. Upon payment by the Sellers of an aggregate of $500,000 of Cure Amounts under Assumed Section 365 Contracts, Purchaser thereafter shall be responsible for all Cure Amounts under Assumed Section 365 Contracts in excess of such aggregate $500,000 of Cure Amounts. Cure Amounts under any Assumed Section 365 Contract shall be paid by the responsible party promptly 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. 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...........
Payment of Cure Amounts. To the extent that a Cure Amount relates to a contract or lease that (i) solely benefits Legacy Assets (whether before or after the Effective Date) or will solely benefit LegacyCo, or (ii) solely benefits Permian Assets (whether before or after the Effective Date) or will solely benefit New Permian Corp., such Cure Amount shall be paid its Cash distribution from the Rights Offering Proceeds and Minimum Allocation Rights. To the extent that a Cure Amount relates to a contract that (A) will benefit New Permian Corp. post-Effective Date or benefits Permian Assets (whether before or after the Effective Date) and (B) will benefit LegacyCo post-Effective Date or benefits Legacy Assets (whether before or after the Effective Date), such Cure Amount shall also be paid its Cash distribution from the Rights Offering Proceeds and Minimum Allocation Rights; provided, that New Permian Corp. shall reimburse LegacyCo for its pro rata share of all such amounts pursuant to the terms of the Transition Services Agreement.
Payment of Cure Amounts. Seller shall timely, in the manner provided for in the Sale Order, (a) pay the Cure Amounts due under the Assumed Contracts, including, without limitation, any amounts assessed by any landlord under any Assumed Lease following Closing with respect to Seller's occupancy and rental of the Acquired Locations prior to Closing and (b) restore any deficiencies in Lease Deposits under Assumed Leases.
