Common use of Bankruptcy Limitations Clause in Contracts

Bankruptcy Limitations. (a) Tenant acknowledges that this Lease is a lease of nonresidential real property and therefore agrees that Tenant, as the debtor in possession, or the trustee for Tenant (collectively, the "Trustee") in any proceeding under Title 11 of the United States Bankruptcy Code relating to Bankruptcy, as amended (the "Bankruptcy Code"), shall not seek or request any extension of time to assume or reject this Lease or to perform any obligations of this Lease which arise from or after the order of relief.

Appears in 13 contracts

Samples: Lease (Golf Trust of America Inc), Secondary Collateral Pledge Agreement (Golf Trust of America Inc), Lease (Golf Trust of America Inc)

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Bankruptcy Limitations. (a) Tenant acknowledges that this Lease is a lease of nonresidential real property and therefore agrees that Tenant, as the debtor in possession, or the trustee for Tenant (collectivelyTenant(collectively, the "Trustee") in any proceeding under Title 11 of the United States Bankruptcy Code relating to Bankruptcy, as amended (the "Bankruptcy Code"), shall not seek or request any extension of time to assume or reject this Lease or to perform any obligations of this Lease which arise from or after the order of relief.

Appears in 3 contracts

Samples: Lease (Golf Trust of America Inc), Pledge Agreement (Golf Trust of America Inc), Pledge Agreement (Golf Trust of America Inc)

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