Common use of Sublessee Clause in Contracts

Sublessee. S trustee or the debtor-in-possession has compensated or has provided SUBLESSOR with Assurance that within ten (10) days from the date of such assumption that it will compensate SUBLESSEE for any actual pecuniary loss incurred by SUBLESSEE arising from the default of SUBLESSEE, SUBLESSEE'S trustee, or the debtor-in-possession indicated in any statement of actual pecuniary loss sent by SUBLESSOR to SUBLESSEE'S trustee or the debtor-in-possession.

Appears in 2 contracts

Sources: Termination Agreement (American Aircarriers Support Inc), Termination Agreement (American Aircarriers Support Inc)