Examples of Accepted Contract in a sentence
To the extent permitted under applicable Law, the Seller Parties shall, and shall cause an applicable Subsidiary to, at the Buyer’s expense, hold in trust for and pay to the Buyer promptly upon receipt thereof, such Accepted Contract and all income, proceeds and other monies received by the Seller Parties or the applicable Subsidiary to the extent related to such Accepted Contract in connection with the arrangements under this Section 8.01.
If no Counterparty Objection is timely served on the Seller Parties and the Buyer, then such Previously Omitted Contract shall be deemed an Accepted Contract and assumed by and, if applicable, assigned in accordance with this Agreement and pursuant to the Confirmation Order.
Unless the Bankruptcy Court orders otherwise, each Accepted Contract will be assumed or, if applicable, assumed and assigned to the Buyer on the Closing Date.
The Buyer shall thereafter deliver written notice to the Seller Parties, no later than three (3) Business Days following the receipt of such Previously Omitted Contract Notice, noting whether the Buyer elects to so include such Previously Omitted Contract on the Contract and Cure Schedule and make it an Accepted Contract.
For the avoidance of doubt and notwithstanding anything to the contrary herein, the Buyer shall solely be liable for Cure Costs (excluding amounts accrued under any Accepted Contract prior to the Closing Date) up to the Cure Costs Cap, and the Seller Parties shall be responsible for all Cure Costs in excess of the Cure Costs Cap.
For the avoidance of doubt, the Seller Parties shall pay all Cure Costs with respect to any Accepted Contract (including Previously Omitted Contracts that become Accepted Contracts pursuant to Section 13.04(c)) that is consensually resolved or finally determined by the Bankruptcy Court in excess of the Cure Costs Cap.
Once such consent, authorization, approval, waiver, release, substitution or amendment is obtained, the Seller Parties shall cause (or shall cause an applicable Subsidiary) to sell, assign, transfer, convey and deliver to the Buyer or the Acquired Companies the Accepted Contract to which such consent, authorization, approval, waiver, release, substitution or amendment relates for no additional consideration.
This is to notify you that your Tender dated [insert date] for execution of the [insert name of the contract and identification number, as given in the SCC] for the Accepted Contract Amount of [insert amount in numbers and words and name of currency], as corrected and modified in accordance with the Instructions to tenderers is hereby accepted by our Agency.