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 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.

  • 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.

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

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

  • 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.

  • Duly executed Assignment and Assumption Agreement(s) in form satisfactory to Buyer and Seller conveying and assigning the Assumed Leases and Contracts to Buyer as of the date of Closing.

  • Buyer shall acquire the Assets subject to any Assumed Leases and Contracts and Rental Program Agreements entered into prior to the Closing Date in accordance with this Section 14.

  • The Assumed Leases and Contracts are the only leases and contracts being assigned to and assumed by Buyer.

  • All amounts due and payable and all liabilities and obligations relating to the Assumed Leases and Contracts shall be prorated as of Closing.

  • All Assumed Leases and Contracts shall be brought current as of Closing by Seller.

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 has the meaning set forth in Section 2.1(b)(iv).

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

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • 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 shall have the meaning set forth in Section 1.1(b).

  • Real Property Leases means the leases, subleases, licenses or other agreements, including all amendments, extensions, renewals, guaranties or other agreements with respect thereto, under which the Company or any of its Subsidiaries uses or occupies or has the right to use or occupy any real property.

  • 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 shall have the meaning set forth in Section 1.2(i).

  • 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, licensed or leased by such Person, including 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 Loan Party’s right, title and interest in and to, and as lessee of, the premises identified as leased Real Property on Schedule 4.4 hereto.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.