Examples of Designated Leases in a sentence
The Amended Bid Procedures Order shall provide that any counter-party to such Assumed Contracts and Designated Leases shall have ten (10) calendar days to object to the assumption of Assumed Contracts or Designated Leases or the proposed Cure Costs in respect thereto or they shall be deemed to have consented to such assignment and Cure Costs.
Purchaser agrees to use all commercially reasonable efforts to sublet such Designated Leases or otherwise to mitigate the payments to the lessors upon any such termination.
The assumption and assignment of the Designated Leases on Exhibit A are integral to the Asset Purchase Agreement, are in the best interests of the Debtors and their estates, and represent the valid and reasonable exercise of the Debtors’ sound business judgment.
For the avoidance of doubt, all Designated Contracts assumed and assigned to Buyer pursuant to this Section 2.8(d) shall be Transferred Contracts, and all Designated Leases assumed and assigned to Buyer pursuant to this Section 2.8(d) shall be Assumed Leases.
Entry of the Confirmation Order shall constitute a Bankruptcy Court order approving the assumptions or rejections, as applicable, of such Unexpired Leases on the List of Designated Leases that are subsequently moved to the Assumed Executory Contract and Unexpired Leases List, or the Rejected Executory Contract and Unexpired Leases List, pursuant to sections 365(a) and 1123 of the Bankruptcy Code.