Common use of Contracts and Leases Entered Into After the Petition Date Clause in Contracts

Contracts and Leases Entered Into After the Petition Date. Notwithstanding anything contained herein (including any release, discharge, exculpation or injunction provisions) or the Confirmation Order, contracts, agreements, instruments, Certificates, leases and other documents entered into after the Petition Date by any Debtor, including any Executory Contracts and Unexpired Leases assumed by such Debtor, will be performed by the applicable Debtor or the Reorganized Debtors liable thereunder in the ordinary course of their business. Accordingly, such contracts, agreements, instruments, Certificates, leases and other documents (including any assumed Executory Contracts and Unexpired Leases) will survive and remain unaffected by the Plan (including the release, discharge, exculpation and injunction provisions), the entry of the Confirmation Order and any other Definitive Documentation.

Appears in 2 contracts

Sources: Restructuring Support and Lock Up Agreement, Restructuring Support and Lock Up Agreement (Seadrill LTD)

Contracts and Leases Entered Into After the Petition Date. Notwithstanding anything contained herein (including any release, discharge, exculpation or injunction provisions) or the Confirmation Order, contracts, agreements, instruments, Certificatescertificates, leases and other documents entered into after the Petition Date by any Debtor, including any Executory Contracts and Unexpired Leases assumed by such Debtor, will be performed by the applicable Debtor or the Reorganized Debtors Debtor liable thereunder in the ordinary course of their business. Accordingly, such contracts, agreements, instruments, Certificatescertificates, leases and other documents (including any assumed Executory Contracts and Unexpired Leases) will survive and remain unaffected by the Plan (including the release, discharge, exculpation and injunction provisions), the entry of the Confirmation Order and any other Definitive DocumentationDocuments.

Appears in 1 contract

Sources: Restructuring Support Agreement (Valaris PLC)