Assumption Effective Date definition

Assumption Effective Date means the date upon which the assumption of an executory contract or unexpired lease under the Plan is deemed effective, which in no case shall be later than the Effective Date unless otherwise agreed to by the relevant Assumption Party.

Assumption Effective Date has the meaning set forth in Section 6.6(d).

Assumption Effective Date means the date upon which the assumption of an executory contract or unexpired lease under this Plan is deemed effective.

Examples of Assumption Effective Date in a sentence

• Unless the Bankruptcy Court expressly orders or the parties agree otherwise, any assumption or rejection approved by the Bankruptcy Court notwithstanding a Treatment Objection shall be effective as of the Assumption Effective Date or Rejection Effective Date originally proposed by the Debtors or specified in the Plan.

• On and after the Assumption Effective Date, the Purchaser shall (i) perform any nonmonetary defaults that are required under section 365(b) of the Bankruptcy Code; provided that such defaults are undisputed or directed by this Court and are timely asserted under the Modified Assumption and Assignment Procedures, and (ii) pay all undisputed obligations and perform all obligations that arise or come due under each Assumable Executory Contract in the ordinary course.

• For the avoidance of doubt, all of the Debtors’ rights to assert credits, chargebacks, setoffs, rebates, and other claims under the Purchased Contracts are purchased by and assigned to the Purchaser as of the Assumption Effective Date.

• Note (2) refers to contracts and leases that have been designated as Assumable Executory Contracts as of September 1, 2009, but for which the Assumption Effective Date has not occurred as of such date because either the objection period has not expired or because the Purchaser has not determined the Assumption Effective Date.

• Note (1) refers to contracts and leases that have been designated as Assumable Executory Contracts as of September 1, 2009, but for which the Assumption Effective Date has not occurred as of September 1, 2009 because the counterparty has filed an objection to such Assumption Effective Date, and the objection has not been resolved as of September 1, 2009.

More Definitions of Assumption Effective Date

Assumption Effective Date means, (i) with respect to the Initial Assigned Agreements, the Closing Date, (ii) with respect to the Designatable Leases, following the delivery of the applicable Buyer Assumption Notice, the earliest of (A) the deadline for objecting to assumption and assignment of such Lease, if no such objection is submitted and (B) the fifth (5th) Business Day following the date of resolution of any objection to assumption and assignment of such Lease, if any such objection is timely submitted and (iii) with respect to the Additional Contracts, the earliest of (A) the deadline for objecting to assumption and assignment of such Additional Contract, if no such objection is submitted and (B) the fifth (5th) Business Day following the date of resolution of any objection to assumption and assignment of such Additional Contract or to proposed Cure Costs, if any such objection is timely submitted.

Assumption Effective Date means, with respect to any Assumed Policy, the latest to occur of (a) an Assumption Event, (b) the Initial Approval Date and (c) the first date on which the Assuming Reinsurer identified on Exhibit A hereto as the company that is eligible to assume such Assumed Policy is licensed to write Personal Lines Coverage in the state in which the risks covered by the Assumed Policy are located; provided, however, that the Initial Approval Date shall not be considered in determining the Assumption Effective Date if no approvals, consents or waiting periods are listed on Exhibit C.

Assumption Effective Date means the Effective Date (as defined in the Assumption Agreement).

Assumption Effective Date means, and the Assumption Effective Date will be deemed to occur on, December 28, 2011, provided that, by 3:00 p.m. eastern time on such date, the following conditions and any other applicable conditions set forth in this Agreement have been satisfied or waived in writing by the Administrative Agent, failing which the agreements of the Agents and the Lenders under this Agreement and all related documents shall be null and void at the option of the Administrative Agent:

Assumption Effective Date means the date on which the Agere IPO shall occur.

Assumption Effective Date means June 30, 2011.

Assumption Effective Date means the date on which the assumption of an executory contract or unexpired lease hereunder is deemed effective, which date shall not be later than sixty (60) calendar days after the Effective Date, unless otherwise agreed to by the applicable Debtor or Reorganized Debtor and the applicable Assumption Counterparty.