Examples of Remaining Contracts in a sentence
Pursuant to the Sale Agreement, the Purchaser is responsible for the payment of all cure costs in relation to the Remaining Contracts (the “ Cure Costs”).
After opening Northwest23 Standard of Review 24 Discussion 25 The fact and amount of damages remains at issue 25 Counts I–III: If First American is not Equitably Estopped, The Equity Employment Agreements Are Valid and Enforceable by First American; There are Issues of Material Fact for the Remaining Contracts 26 1.
The assignment of the Remaining Contracts is important for a successful going concern solution for the Petitioners’ business and therefore the preservation of employment for a majority of the Petitioners’ active employees, and the continued and seamless operation of most of the Petitioners’ stores.
The SLH Remaining Contracts do not fall within any exception set out in section 11.3(2) of the CCAA.
The Applicants submit that all of the criteria under section 11.3 of the CCAA have been satisfied in relation to the assignment of the Corbeil Remaining Contracts and that the proposed Corbeil Assignment Order should be granted for the reasons set out below.
The Corbeil Buyer has the financial ability to perform the obligations under the Corbeil Remaining Contracts.
The Petitioners and the Purchaser are continuing to work diligently to obtain consents, and the number of Remaining Contracts will likely be reduced prior to the return date for this Application.
The Buyers are “appropriate” assignees because: (a) they have the financial wherewithal to comply with the terms of the APAs and to perform the assigned contractual obligations post-closing; (b) they do not seek any amendment of the Remaining Contracts; and (c) they are acquiring the Purchased Assets, including the Remaining Contracts, on a “going-concern” basis that preserves jobs and supplier relationships and that maximizes value for the Applicants and their stakeholders.
The Corbeil Remaining Contracts do not include any eligible financial contracts, any contracts entered into post-filing, or collective agreements.
As of the Effective Date, the Debtors shall assume or assume and assign, as applicable, pursuant to sections 365 and 1123(b)(2) of the Bankruptcy Code, each of the Remaining Contracts of the Debtors that are identified in Exhibit C hereto that have not expired under their own terms prior to the Effective Date.