Assumed Leases definition

Assumed Leases has the meaning set forth in Section 2.6(b).

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Assumed Leases means the Leases identified on Schedule 3.7(a) to be assumed or subleased by Buyer or a Buyer Designee pursuant to a Lease Assignment or Sublease as designated on Schedule 3.7(a).

Assumed Leases shall have the meaning specified in Section 2.5(a).

Examples of Assumed Leases in a sentence

• Seller has the right to use and occupy all of the Leased Real Property (as lessee) pursuant to valid, binding, and enforceable Assumed Leases, and has provided Buyer with a copy of such Assumed Leases.

• Except as set forth in Schedule 4.8.1: (i) the Assumed Leases have not been modified, amended, or assigned, are legally valid, binding and enforceable in accordance with their respective terms, and are in full force and effect; and (ii) to Seller’s knowledge, there are no material defaults (or matters that upon written notice or lapse of time would constitute material defaults) by Seller or by any other party to the Assumed Leases.

• Seller has delivered or caused to be delivered or made available to Buyer true and complete copies of all Assumed Contracts, all Assumed Leases and all Intellectual Property.

• Upon assignment and assumption, with applicable consents if necessary, the Assumed Leases will be enforceable by Buyer in accordance with their respective terms.

• Except as set forth in Section 3.8(a)(i) of the Seller Disclosure Letter, Seller holds good, valid and indefeasible or marketable, as applicable, fee simple or leasehold, as applicable, title to the Acquired Assets including, but not limited to, the leasehold estates created under the Assumed Leases and all real and personal property owned or leased thereunder, in each case free and clear of all Liens other than Permitted Liens.

More Definitions of Assumed Leases

Assumed Leases has the meaning ascribed thereto in Section 1.1(a).

Assumed Leases shall have the meaning set forth in Section 2.1.

Assumed Leases means, collectively, the Leases that shall be set forth on Schedule 1.2(b) of the Purchaser Schedule by the Designation Deadline, which Leases shall be assumed by the Sellers and assigned to Medquist and/or, as applicable, one or more Medquist Designees pursuant to Section 365 of the Bankruptcy Code, the Sale Order or other order of the Bankruptcy Court and the Assignment and Assumption Agreement.

Assumed Leases means the Leases identified in Schedule 2.1(a).

Assumed Leases means, in the singular, any executory contract or unexpired lease that is assumed pursuant to Section 5.2(d) or (e) of the Plan, and in the plural shall mean all such contracts and leases.

Assumed Leases shall have the meaning set forth in Section 3.8(b).

Assumed Leases shall have the meaning set forth in Section 2.1(b)(vi). “Assumed Liabilities” shall have the meaning set forth in Section 2.2. “Assumption Date” shall have the meaning set forth in Section 5.20(e).