Common use of Assignment by Trustee Clause in Contracts

Assignment by Trustee. If the trustee or the debtor-in-possession has assumed the Lease, under the terms of Article 32.1 or 32.2 above, and elects to assign Tenant's interest under this Lease or the estate created by that interest to any other person, that interest or estate may be assigned only if Landlord acknowledges in writing that the intended assignee has provided adequate assurance, as defined in this Article 32.4, of future performance of all of the terms, covenants, and conditions of this Lease to be performed by Tenant.

Appears in 2 contracts

Samples: 1999 Lease Agreement (Suntek Corp), Lease Agreement (Asset Acceptance Capital Corp)

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Assignment by Trustee. If the trustee or the debtor-in-possession has assumed the Lease, under the terms of Article 32.1 33.1 or 32.2 33.2 above, and elects to assign Tenant's interest under this Lease or the estate created by that interest to any other person, that interest or estate may be assigned only if Landlord acknowledges in writing that the intended assignee has provided adequate assurance, as defined in this Article 32.433.4, of future performance of all of the terms, covenants, and conditions of this Lease to be performed by Tenant.

Appears in 2 contracts

Samples: Acoma Business Center Industrial Lease (Studio One Media, Inc.), Office Lease (Orthopedic Biosystems LTD Inc)

Assignment by Trustee. If the trustee or the debtor-in-possession has assumed the Lease, under the terms of Article 32.1 33.1 or 32.2 33.2 above, and elects to assign Tenant's ’s interest under this Lease or the estate created by that interest to any other person, that interest or estate may be assigned only if Landlord acknowledges in writing that the intended assignee has provided adequate assurance, as defined in this Article 32.433.4, of future performance of all of the terms, covenants, and conditions of this Lease to be performed by Tenant.

Appears in 1 contract

Samples: Rider (Eschelon Telecom Inc)

Assignment by Trustee. If the trustee or the debtor-in-possession has assumed the Lease, under the terms of Article 32.1 33.1 or 32.2 33.2 above, and elects to assign Tenant's interest under this Lease or the estate created by that interest to any other person, that interest or estate may be assigned only if Landlord acknowledges in writing that the intended assignee has provided adequate assurance, as defined in this Article 32.4, 33.4 of future performance of all of the terms, covenants, and conditions of this Lease to be performed by Tenant.

Appears in 1 contract

Samples: Lease Agreement (Pegasus Solutions Inc)

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Assignment by Trustee. If the trustee or the debtor-in-possession has --------------------- assumed the Lease, under the terms of Article 32.1 33.1 or 32.2 33.2 above, and elects to -------------------- assign Tenant's interest under this Lease or the estate created by that interest to any other person, that interest or estate may be assigned only if Landlord acknowledges in writing that the intended assignee has provided adequate assurance, as defined in this Article 32.433.4, of future performance of all of the ------------ terms, covenants, and conditions of this Lease to be performed by Tenant.

Appears in 1 contract

Samples: Office Lease (CBT Group PLC)

Assignment by Trustee. If the trustee or the debtor-in-possession has assumed the Lease, under the terms of Article 32.1 0 or 32.2 0 above, and elects to assign Tenant's interest under this Lease or the estate created by that interest to any other person, that interest or estate may be assigned only if Landlord acknowledges in writing that the intended assignee has provided adequate assurance, as defined in this Article 32.40, of future performance of all of the terms, covenants, and conditions of this Lease to be performed by Tenant.

Appears in 1 contract

Samples: Office Lease (Managed Care Solutions Inc)

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