Rejected Leases and Contracts definition

Rejected Leases and Contracts means all Unexpired Leases and Executory Contracts of the Debtors that are not expressly assumed and assigned to the Transferee or otherwise assumed by the Debtors.
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Rejected Leases and Contracts means all Unexpired Leases and Executory Contracts of the Debtors that are not expressly assumed and assigned to the Purchaser or that were not previously assumed by the Debtors.
Sample 1Sample 2Sample 3
Rejected Leases and Contracts means all Unexpired Leases and Executory Contracts of the Debtors that were not previously assumed by the Debtors.
Sample 1Sample 2

Examples of Rejected Leases and Contracts in a sentence

  • To the extent any of the Rejected Leases and Contracts are judicially determined not to be subject to rejection under section 365 of the Bankruptcy Code, (a) all rights, claims and defenses by any party in connection with any such potential dispute are preserved, and (b) any property interests in the subject leasehold are deemed abandoned as of the date of entry of this Order, unless the Debtors and the respective counterparty to a Rejected Lease mutually agree, in writing, to a different date.

  • The rejection of the Rejected Leases and Contracts complies with the requirements of Bankruptcy Rule 6006(f).

  • Nothing in this Order shall alter, affect, or otherwise limit the rights of any party (a) under applicable non- bankruptcy law, including without limitation subrogation rights, or (b) to assert claims against the Debtors’ estates in connection with the Debtors’ rejection and breach of the Rejected Leases and Contracts or abandonment, and the Debtors reserve all defenses and rights to object to any such claims.

  • Nothing contained herein is intended or should be construed as: (a) constituting an admission as to the validity or priority of any claim against the Debtors; (b) constituting a waiver of the Debtors’ rights to dispute any claim; (c) prejudicing any party’s rights to assert that the Rejected Leases and Contracts are not executory or unexpired within the meaning of section 365 of the Bankruptcy Code; or (d) constituting assumption of any contract pursuant to section 365 of the Bankruptcy Code.

  • The Rejected Leases and Contracts listed on the Schedules, attached hereto, are hereby deemed rejected by the Debtors as of the Effective Date.

  • Because estate preservation is essential to the Debtors’ ability to facilitate an orderly wind down, rejection of the Rejected Leases and Contracts and abandonment of the Associated Property are necessary and appropriate under section 105(a).

  • The Rejected Leases and Contracts generally relate to properties where the Debtors no longer maintain operations and no longer hold any possessory interest, and are therefore unnecessary to the Debtors’ business.

  • Nothing herein shall prejudice the rights of the Debtors to argue that any claim for damages arising from the rejection of the Rejected Leases and Contracts is limited to the remedies available under any applicable termination provision of such Rejected Leases and Contracts; or that any such claim is an obligation of a third party, and not that of the Debtors.

  • Here, in the exercise of sound and considered business judgment, the Debtors have determined that rejecting the Rejected Leases and Contracts is in the best interest of their estates.

  • The Plan constitutes a motion by the Debtor, which is hereby approved and authorized, pursuant to Bankruptcy Code § 365, to reject any and all Rejected Leases and Contracts of the Debtor.


More Definitions of Rejected Leases and Contracts

Rejected Leases and Contracts means all Unexpired Leases and Executory Contracts of the Debtors that are not expressly assumed and assigned to the Purchaser under the Definitive Purchase Agreement.
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Related to Rejected Leases and Contracts

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Assignment of Contracts shall have the meaning provided in Section 5.07.

  • Assigned Contract has the meaning set forth in Section 1.5(a).

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Assumed Leases has the meaning set forth in Section 2.6(b).

  • Schedule of Rejected Executory Contracts and Unexpired Leases means the schedule (including any amendments or modifications thereto), if any, of the Executory Contracts and Unexpired Leases to be rejected by the Debtors pursuant to the Plan, as set forth in the Plan Supplement, as amended by the Debtors from time to time in accordance with the Plan, which shall be in form and substance acceptable to the Debtors.

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Seller Contracts means all Contracts (i) relating to the Business under which Seller has or may acquire any rights or benefits, (ii) relating to the Business under which Seller has or may become subject to any obligation or Liability or (iii) by which any of the Purchased Assets or Assumed Liabilities is or may become bound.

  • Applicable Contracts has the meaning set forth in Section 2.15(a).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Schedule of Assumed Executory Contracts and Unexpired Leases means the schedule of certain Executory Contracts and Unexpired Leases to be assumed (or assumed and assigned) by the Debtors pursuant to the Plan, as the same may be amended, modified, or supplemented from time to time by the Debtors.

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Real Property Leases has the meaning set forth in Section 4.7(b).

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Prepaid contract means any Contract that has terminated or been prepaid in full prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Contract.

  • Proposed Contract means the agreement including any other terms and conditions contained in or referred to in this RFP that may be executed between the DBSA and the successful Bidder.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).