Assumed Leases and Contracts definition

Assumed Leases and Contracts means the Unexpired Leases and Executory Contracts of the Debtors that will expressly be assumed and assigned to the Purchaser under the APA.
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Assumed Leases and Contracts means the leases and contracts set forth on Schedule 5 (a) to the extent such leases and contracts are executory contracts or leases capable of being assigned pursuant to section 365 of the Bankruptcy Code, and (b) the Bankruptcy Court authorizes the assumption and assignment of such leases and contracts to the Buyer; provided that Buyer shall have the option to add other contracts and leases of the Sellers (including the CR Agreements) to Schedule 5 at any time prior to Closing.
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Examples of Assumed Leases and Contracts in a sentence

  • Each of the Assumed Leases and Contracts will be assumed only to the extent that such leases or contracts constitutes an Unexpired Lease or Executory Contract.

  • Each of the Assumed Leases and Contracts will include any modifications, amendments, supplements, restatements, or other agreements made directly or indirectly by any agreement, instrument, or other document that in any manner affects such leases or contracts, irrespective of whether such agreement, instrument, or other document is listed, unless any such modification, amendment supplement, restatement, or other agreement is rejected as set forth herein.

  • On the Effective Date, the Assumed Leases and Contracts will be assumed and assigned to the Purchaser.

  • The Confirmation Order will constitute an order of the Bankruptcy Court approving the assumption of the Assumed Leases and Contracts and the assignment of the Assumed Leases and Contracts to the Purchaser, pursuant to section 365 of the Bankruptcy Code, as of the Effective Date, and determining that all defaults, if any, under the Assumed Leases and Contracts have been cured.

  • The Trustee shall have no liability on account of the Assumed Leases and Contracts.

  • The Court specifically finds that there are no defaults under the Assumed Leases and Contracts.

  • Purchaser shall have completed, to its satisfaction, (i) the designation of the Assumed Leases and Contracts, (ii) negotiations with respect to any store leases which Purchaser intends FCO to modify (which leases shall be set forth in a schedule to the Definitive Agreement), and FCO shall have completed (x) the assumption of the Assumed Leases and Contracts, and (y) the rejection of all executory contracts and store leases that Purchaser elects FCO to reject.

  • FCO shall assume such Assumed Leases and Contracts as of the Closing Date and the cure amounts for such Assumed Leases and Contracts shall be paid from the $5,000,000 provided for in Paragraph 2(a)(i) above.

  • Assignment to Buyer of those Leases and Contracts constituting part of the Assumed Leases and Contracts will not default, alter or terminate any such Leases and Contracts, and such assignment will confer and convey all of Seller's rights thereunder to Buyer.

  • Purchaser shall defend and hold Seller harmless from and against any and all claims, liabilities, costs and expenses (including all attorneys' fees) arising out of or in any way related to any failure or refusal on Purchaser's part to fully perform any duty or obligation hereby assumed by Purchaser under any of the Assumed Leases and Contracts.

Related to Assumed Leases and Contracts

  • Assumed Leases has the meaning set forth in Section 2.6(b).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Seller Contracts means all Contracts (i) relating to the Business under which Seller has or may acquire any rights or benefits, (ii) relating to the Business under which Seller has or may become subject to any obligation or Liability or (iii) by which any of the Purchased Assets or Assumed Liabilities is or may become bound.

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Assignment of Contracts shall have the meaning provided in Section 5.07.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Assigned Contract has the meaning set forth in Section 1.5(a).

  • Real Property Leases has the meaning set forth in Section 4.7(b).

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Retained Contracts means all contracts, agreements, leases, software licenses, rights, obligations or other commitments of the Company that (a) arise out of or are related exclusively to any business or operation of the Company other than the Business, or (b) arise out of or are related in any way to the Business and which, in the case of both clauses (a) and (b) herein, are not Transferred Contracts.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Schedule of Assumed Executory Contracts and Unexpired Leases means the schedule of certain Executory Contracts and Unexpired Leases to be assumed (or assumed and assigned) by the Debtors pursuant to the Plan, as the same may be amended, modified, or supplemented from time to time by the Debtors.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person, including without limitation cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Leasehold Interests means all of each Borrower’s right, title and interest in and to, and as lessee, of the premises identified on Schedule 4.19(A) hereto.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).