Cure Obligations definition

Cure Obligations means all (a) Cure Claims and (b) other obligations required to cure any non-monetary defaults (the performance required to cure such non-monetary defaults and the timing of such performance will be described in reasonable detail in a notice of proposed assumption and assignment) under any Executory Contract or Unexpired Lease that is to be assumed by the Debtors pursuant to sections 365 or 1123 of the Bankruptcy Code.

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Cure Obligations means: all (a) amounts (or such other amount as may be agreed upon by the parties under an Executory Contract or Unexpired Lease) required to cure any monetary defaults; and (b) other obligations required to cure any non-monetary defaults under any Executory Contract or Unexpired Lease that is to be assumed by the Debtors pursuant to sections 365 or 1123 of the Bankruptcy Code.

Cure Obligations means all (a) amounts (or such lesser amount as may be agreed upon by the parties under an Executory Contract, Unexpired Lease, or Sale Transaction Document) required to cure any monetary defaults and (b) other obligations required to cure any non-monetary defaults (the performance required to cure such non-monetary defaults and the timing of such performance will be described in reasonable detail in a notice of proposed assumption and assignment) under any Executory Contract or Unexpired Lease that is to be assumed by the Debtor pursuant to sections 365 or 1123 of the Bankruptcy Code.

Examples of Cure Obligations in a sentence

• If Seller fails to timely deliver Seller's Title Notice to Purchaser, all of Purchaser's Title Objections which are not Seller's Mandatory Cure Obligations shall be deemed to be Seller's Uncured Title Objections.

• If Lessee exercises the Purchase Option, and if Lessor has elected not to cure or does not cure on or before the closing of the sale of the Premises to Lessee, the title objections raised by Lessee as well as the Must Cure Obligations, other than Permitted Encumbrances, then Lessee may terminate this Lease and the Purchase Agreement by providing written notice to Lessor.

• If Lessee does not terminate this Lease as provided in this Section 8, such uncured title objections, other than Must Cure Obligations, shall be deemed to be “Accepted Encumbrances” acceptable to Lessee and shall no longer be deemed objections to title.

• Notwithstanding anything to the contrary herein, Lessor shall be obligated to cure the Must Cure Obligations by the Commencement Date, except for any mortgages for which Lessor obtains a Non-Disturbance Agreement.

• If Buyer fails to give such termination notice by such time, Buyer will be deemed to have waived its objection to, and approved, such matters, subject to Section 4.3 (Mandatory Title Cure Obligations).

• For the avoidance of doubt, with respect to any asserted non-monetary Cure Obligations, such non-monetary Cure Obligations may be cured (or resolved) by the assignee and the applicable counterparty in the ordinary course of business following the assumption and all parties reserve all rights with respect to any such asserted non-monetary Cure Obligations.

• Unless Buyer delivers written notice to Seller that it objects to any Initial Title/Survey Matter (other than a Prohibited Seller Encumbrance), stating the Initial Title/Survey Matter to which it objects (“Initial Title Objection Notice”) prior to the expiration of the Title Review Period, Buyer will be deemed to have approved such Initial Title/Survey Matter, subject to Section 4.3 (Mandatory Title Cure Obligations).

• If the Seller elects to do so, Seller shall use good faith, diligent efforts to do so, but shall not be required to expend a sum in excess of Seller's Cure Obligations.

• The amount of any FV Cure Payment, together with interest thereon accrued, at a per annum rate of [***], from the date of payment thereof by Toshiba until the date of reimbursement thereof and payment of such interest hereunder shall comprise "FV Cure Obligations" hereunder.

• Notwithstanding the foregoing, Seller must cure the Mandatory Cure Obligations on or before Closing.

More Definitions of Cure Obligations

Cure Obligations means the cure obligations of the Debtors pursuant to section 365(b) of the Bankruptcy Code in connection with the Assumed Agreements.

Cure Obligations means all (a) Cure Claims and (b) other obligations required under the Bankruptcy Code to cure any non-monetary defaults under any Executory Contract or Unexpired Lease that is to be assumed by the Debtors pursuant to sections 365 or 1123 of the Bankruptcy Code.

Cure Obligations means: (a) all amounts required to cure any monetary

Cure Obligations shall have the meaning set forth in the definition of Assumed Liabilities in Section 1.1.

Cure Obligations means: all (a) amounts (or such other amount as may be agreed upon by the parties

Cure Obligations means the legal obligations, either to provide payment and/or provide adequate assurance to an Assumed Contract counterparty in order to “cure” defaults as required by Bankruptcy Code section 365(b).