Examples of Executory Contract and/or Unexpired Lease in a sentence
Class 7 is Unimpaired.To the extent there are any Allowed Secured and/or Unsecured Pre-Petition Executory Contract and/or Unexpired Lease Claims against any of the Five (5) bankruptcy estates, and except to the extent that such a holder has agreed to different and/or less favorable treatment of such Claim, each holder of an Allowed Class 7 Claim shall be paid in full in Cash the allowed amount of such Claim on the Effective Date or the entry of a Final Order approving such Claim.
Subject to the resolution of any timely objections in accordance with Article V.B.2, any Proofs of Claim filed with respect to an Executory Contract and/or Unexpired Lease that has been assumed or assumed and assigned shall be deemed Disallowed and expunged, without further notice to or action, order, or approval of the Bankruptcy Court.
Rejection of any Executory Contract and/or Unexpired Lease pursuant to this Plan or otherwise shall not constitute a termination of preexisting obligations owed to the Debtors under such Executory Contracts and/or Unexpired Leases.
Article VI.K.2.a. of the Disclosure Statement describes the Plan as providing that “any anti-assignment provision in any assumed Executory Contract and/or Unexpired Lease shall be deemed invalid.” It is extremely unlikely that the Court will confirm the Plan with this language.
Nothing contained in the Plan shall constitute an admission by the Debtors that any Executory Contract and/or Unexpired Lease is, in fact, an Executory Contract and/or Unexpired Lease or that the Debtors or the Reorganized Debtors have any liability thereunder.
Me Debtors (with the consent of the Required Consenting 1L Noteholders) or the Reorganized Debtors may assume, assume and assign, or reject an Executory Contract and/or Unexpired Lease that is subject to an Assumption Dispute at any time prior to the resolution of the Assumption Dispute relating to the Executory Contract and/or Unexpired Lease.
Within fourteen (14) business days after the entry of this Confirmation Order, the Plan Proponents will serve on each of the non-debtor counterparties to each of the Executory Contracts or Unexpired Leases to be assumed under the Plan a notice specifying: (i) the Debtors' intent to assume such agreements; and (ii) the Debtors' proposed cure cost associated with the assumption of such Executory Contract and/or Unexpired Lease (such notice, an "Assumption Notice").b.
The PMU’s International Social Safeguards Specialist (ISS) was demobilized in December 2018.
If the Assumption Dispute is resolved or determined unfavora- bly to the Debtors or Reorganized Debtors, the Debtors or Reorganized Debtor may either affirm the assumption or reject the applicable Executory Contract and/or Unexpired Lease after such determination, in which case the counterparty may file a Proof of Claim within 30 days after notice of rejection.
During the Assumption Dispute, the counterparty shall continue to perform under the applicable Executory Contract and/or Unexpired Lease.