Examples of Assumption Deadline in a sentence
For purposes of this Section 3.2, the “Assumption Deadline” shall be the date of the 409A Change in Control if the Company had at least 20 days’ advance notice that the 409A Change in Control was anticipated to occur, and otherwise the Assumption Deadline shall be the date ten business days after the 409A Change in Control.
The Board of Trustees shall have all the powers and duties necessary or appropriate for the administration of the affairs of this Corporation and may do all such acts and things as are not reserved or prohibited by law or by the Articles of Incorporation or by this Code of Regulations.
In the event Purchaser notifies Seller on the Loan Assumption Deadline that a Loan Assumption Approval was not obtained and Purchaser has used its best efforts to obtain such Loan Assumption Approval, the Loan Assumption Deadline shall automatically be extended to November 21, 2008 (the “Extended Loan Assumption Deadline”).
Following the Assumption Election Date, Lender agrees to use commercially reasonable efforts to facilitate the execution and delivery of the GWG Assumption Documentation and the completion of the GWG Assumption prior to the GWG Assumption Deadline and to take all further actions that the Borrower or GWG may reasonably request in furtherance thereof.
Given the large number of unexpired leases to which the Debtors are a party, the Debtors Filed the Assumption Deadline Extension Motion seeking entry of an order extending by 90 days, through and including August 13, 2018, the time period within which the Debtors must assume or reject unexpired leases of nonresidential real property so that the Debtors may fully and adequately address and appraise the complexities inherent in the leases.
This Court addressed the question of whether the Assumption Deadline was a condition precedent in the July 23 Opinion and found “the binding effect of the Settlement Agreement’s terms, including those subsequent to ¶ 3, were contingent on the Plan going effective by the [Assumption Deadline].” Consistent with that ruling, GPIOP has not waived its damages claim.
In that dispute, the Court was asked to determine whether Mesabi could assume the Mineral Leases after the expiration of the Assumption Deadline under the terms of the Settlement Agreement.
For purposes of this Section 3.2, the “Assumption Deadline” shall be the date of the 409A Change in Control if the Company had at least twenty (20) days’ advance notice that the 409A Change in Control was anticipated to occur, and otherwise the Assumption Deadline shall be the date ten (10) business days after the 409A Change in Control.
Following the Assumption Election Date, Xxxxxx agrees to use commercially reasonable efforts to facilitate the execution and delivery of the GWG Assumption Documentation and the completion of the GWG Assumption prior to the GWG Assumption Deadline and to take all further actions that the Borrower or GWG may reasonably request in furtherance thereof.
Lastly, GPIOP asserts Mesabi rejected the Mineral Leases when it failed to assume them by the Assumption Deadline and therefore seeks rejection damages.Mesabi then filed the Motion to Dismiss as to each of GPIOP’s Counterclaims pursuant to the Federal Rule of Civil Procedure 12(b)(6) (made applicable through Fed.