Authorization to Assume and Assign. Upon the Closing of the Sale, the Seller is authorized and empowered to assume and assign each of the Assigned Contracts to the Purchaser free and clear of all Encumbrances (other than Cure Costs, the Permitted Encumbrances and Assumed Liabilities) as of the Closing Date. The payment of the applicable Cure Costs (if any) by the Purchaser shall (a) effect a cure or adequate assurance of cure of all defaults existing thereunder as of the Petition Date and (b) compensate for any actual pecuniary loss to such Contract Counterparty resulting from such default. The Purchaser shall then have assumed the Assigned Contracts and, pursuant to section 365(f) of the Bankruptcy Code, the assignment by the Seller of such Assigned Contracts shall not be a default thereunder. After the payment of the relevant Cure Costs, none of the Seller, the other Debtors, or the Purchaser shall have any further liabilities to the Contract Counterparties other than the Purchaser’s obligations under the Assigned Contracts under the Purchase Agreement or that accrue and become due and payable on or after the Closing Date.