Common use of Rental for Bankruptcy Purposes Clause in Contracts

Rental for Bankruptcy Purposes. Notwithstanding anything contained in this Lease to the contrary, all amounts payable by Tenant to or on behalf of Landlord under this Lease, regardless of whether such amounts are expressly denominated as Rental, shall constitute rent for the purposes of Section 502(b)(6) of the Bankruptcy Code, and Tenant’s payment obligations with respect thereto shall constitute obligations to be timely performed pursuant to Section 365(d) of the Bankruptcy Code.

Appears in 5 contracts

Samples: Lease (fuboTV Inc. /FL), Loan Agreement (Alexanders Inc), Lease (Riverbed Technology, Inc.)

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Rental for Bankruptcy Purposes. Notwithstanding anything contained in this Lease to the contrary, all amounts payable by Tenant to or on behalf of Landlord under this Lease, regardless of whether such amounts are expressly denominated as Rental, shall constitute rent for the purposes of Section 502(b)(6) of the Bankruptcy Code, and Tenant’s 's payment obligations with respect thereto shall constitute obligations to be timely performed pursuant to Section 365(d) of the Bankruptcy Code.

Appears in 1 contract

Samples: Lease (Clear Secure, Inc.)

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