Non-Executory Contracts definition
Examples of Non-Executory Contracts in a sentence
Schedule 1.5(b)(ii) (the “Assigned Contract and Cure Schedule”) sets forth a list of all (i) Contracts that Purchaser has advised Sellers it wants Sellers to assume and assign to Purchaser under section 365 of the Bankruptcy Code, (ii) Non-Executory Contracts that the Purchaser has advised Sellers it wants Sellers to sell, assign and transfer to Purchaser, and (iii) Non-Debtor Contracts that Purchaser has advised Sellers to cause to be sold, assigned and transferred to Purchaser.
It shall be a condition precedent to the effectiveness of this Agreement that the Contractor shall obtain an order of the Bankruptcy Court authorizing Contractor (i) to reject the Construction Contract, (ii) to assume and assign all Assigned Vendor Contracts and Owner Assumed Contracts, as described herein, (iii) to reject project subcontracts and purchase orders set forth on SCHEDULE 3.3 attached hereto, and (iv) to assign the Non-Executory Contracts to Raytheon.
The Non-Executory Contracts shall be deemed to be, and shall be administered by Contractor as, Assigned Vendor Contracts for purposes of this Agreement.