Proposed Cure definition

Proposed Cure means, with respect to a particular executory contract or unexpired lease, the consideration that the Debtors propose (which may be zero or some amount greater than zero) on a Notice of Intent to Assume or Reject as full satisfaction of the Debtors’ obligations with respect to such executory contract or unexpired lease pursuant to section 365(b) of the Bankruptcy Code.
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Proposed Cure means, with respect to a particular executory contract or unexpired lease, the consideration that the Debtor proposes (which may be zero or some amount greater than zero) (i) on the notices sent to Assumption Parties listed on Schedule 6.02(a) or (ii) on a Notice of Intent to Assume or Reject, in each case as full satisfaction of the Debtor’s obligations with respect to such executory contract or unexpired lease pursuant to section 365(b) of the Bankruptcy Code.
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Proposed Cure means the Cure amounts identified on the Schedule of Assumed Contracts and Leases under the heading “In arrears”.
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Examples of Proposed Cure in a sentence

  • The Proposed Cure Notice shall, as set forth in the Bid Procedures Order, establish a deadline reasonably in advance of the Closing Date by which Cure Obligees must object to respective proposed cures or be deemed to have waived any such objection.

  • If the nondebtor party to an Executory Contract or Unexpired Lease does not timely and properly object to the proposed Cure Amount Claim identified in a Cure Amount Notice, the proposed amount shall become the final Allowed Cure Amount Claim without further action by the Bankruptcy Court, the Debtors or the Reorganized Debtors, and the Proposed Cure Amount Claim shall be paid or satisfied in accordance with the Modified Plan and this Second Confirmation Order.

  • If the Commonwealth approves a Proposed Cure Plan, then: that Proposed Cure Plan will become an “Approved Cure Plan”; and Project Operator must, at its sole cost, comply with that Approved Cure Plan in all material respects.

  • If the Commonwealth fails to either approve or reject the Proposed Cure Plan within that period, then the Commonwealth is deemed to have rejected the Proposed Cure Plan.

  • Notwithstanding anything to the contrary in the Plan, the Debtors or the Reorganized Debtors, as applicable, reserve the right to alter, amend, modify, or supplement the Rejected Executory Contracts and Unexpired Leases Schedule (if any) or Schedule of Proposed Cure Amounts, with the consent of the Required Consenting Stakeholders (which consent shall not be unreasonably withheld) at any time up to forty-five (45) days after the Effective Date.

  • Schedule 1.5(a) sets forth the Noticed Contracts with respect to which, as of the Execution Date, the Sellers had been asked to provide notice pursuant to section 365 of the Bankruptcy Code and the Proposed Cure Costs related thereto.

  • Purchaser will review all Proposed Cures and either approve or reject (in Purchaser’s reasonable discretion) Seller’s Proposed Cure within five (5) Business Days following Purchaser’s receipt thereof.

  • Prior to or concurrently with the entry of the Sale Order, the Bankruptcy Court shall have determined that the amount of the cure, if any, as to the Assumed Contracts is not greater than the Proposed Cure Amount associated with each Assumed Contract in Schedule 6.5.

  • Entry of the Confirmation Order shall constitute an order of the Bankruptcy Court approving the assumptions, assumptions and assignments, or rejections of the Executory Contracts or Unexpired Leases as set forth in the Plan, or the Schedule of Rejected Executory Contracts and Unexpired Leases or Schedule of Proposed Cure Amounts, pursuant to sections 365(a) and 1123 of the Bankruptcy Code.

  • Identify why the Default is claimed to be material; and Optional Proposed Cure.


More Definitions of Proposed Cure

Proposed Cure means the Cure amounts identified on the Assumed Contracts
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Related to Proposed Cure