Examples of Assumption Party in a sentence
With respect to each executory contract or unexpired lease as to which a Treatment Objection is timely filed and properly served and that is not otherwise resolved by the parties after a reasonable period of time, the Debtors, in consultation with the Bankruptcy Court, shall schedule a hearing on such Treatment Objection and provide at least 14 calendar days’ notice of such hearing to the relevant Assumption Party or Rejection Party.
For each executory contract or unexpired lease as to which a Treatment Objection is timely filed and properly served and that is not otherwise resolved by the parties after a reasonable period of time, the Debtors, in consultation with the Bankruptcy Court, shall schedule a hearing on such Treatment Objection and provide at least 21 calendar days’ notice of such hearing to the relevant Assumption Party or Rejection Party.
With respect to each executory contract or unexpired lease as to which a Treatment Objection is timely filed and properly served and that is not otherwise resolved by the parties after a reasonable period of time, the Debtor, in consultation with the Bankruptcy Court, shall schedule a hearing on such Treatment Objection and provide at least 14 calendar days’ notice of such hearing to the relevant Assumption Party.
With respect to each executory contract or unexpired lease as to which a Treatment Objection is timely filed and properly served and that is not otherwise resolved by the parties, the Debtors, in consultation with the Bankruptcy Court, shall schedule a hearing on such Treatment Objection and provide at least 14-calendar-days notice of such hearing to the relevant Assumption Party, Rejection Party or Deferred Party.
With respect to each executory contract or unexpired lease as to which a Treatment Objection is timely filed and properly served and that is not otherwise resolved by the parties after a reasonable period of time, the Debtors, in consultation with Delta and the Bankruptcy Court, will schedule a hearing on such Treatment Objection and provide at least 14 calendar days’ notice of such hearing to the relevant Assumption Party or Rejection Party.
If the Louisiana Company takes such action, however, it must at the same time ensure that the obligation of the Assumption Party providing the funds for the redemption or repurchase is reduced just as if the precise debt it had designated had been redeemed or repurchased.
The Assumption Party and the Louisiana Company will grant each other broad mutual indemnities, whereby they hold each other harmless from any claim or expense arising from the breach of their respective obligations under the respective Assumption Agreement.
Throughout the life of the contract, the personal services contractor (PSC) shall be subject to a total compensation ceiling based upon the base pay rate calculated from the maximum salary range identified for the applicable pay band (dollar value divided by 2087 hours) within the applicable current fiscal year salary tables published the Millennium Challenge Corporation, plus pay supplements in lieu of fringe benefits identified at award of the contract.
Each Assumption Party, however, will be responsible for only its own obligations and is not liable for the default of any other Assumption Party.
The Assumption Party may elect to purchase or redeem outstanding debt under its Assumption Agreement prior to its maturity and may direct the Louisiana Company to take steps necessary to carry out this request.