Rejection Claim definition

Rejection Claim means a Claim arising from the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

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Rejection Claim means a Claim arising from the rejection of an Executory Contract or Unexpired Lease.

Rejection Claim means a Claim under section 502(g) of the Bankruptcy Code.

Examples of Rejection Claim in a sentence

• Subject to approval of the Bankruptcy Court (which approval Seller shall use commercially reasonable efforts to obtain), Buyer (or its designee) shall be entitled to assume and maintain control, on behalf of Seller and any of its Affiliates, of the litigation and settlement of any dispute over any Assumed Cure Costs with respect to any Franchise or, in respect of any OCB Contract, any Rejection Claim that is an Assumed Liability.

• Purchaser shall prosecute and/or defend the Rejection Claim in the Disallowance Proceeding in consultation with Seller.

• If Purchaser elects not to prosecute and/or defend the Rejection Claim in the Disallowance Proceeding, it will promptly notify Seller in writing of its election and Seller may take such further action (at Seller’s expense) as Seller may determine is necessary or desirable to uphold and defend the Rejection Claim, as further provided for herein.

• Purchaser shall at all times act in good faith in order to attempt to maximize Allowance of the Rejection Claim, and to attempt to obtain Allowance of the Rejection Claim as soon as reasonably practicable.

• Notwithstanding the foregoing, Seller shall not compromise or settle the Rejection Claim without Purchaser’s prior written consent (which consent shall not be unreasonably withheld or delayed) if such settlement would result in an Allowed Claim Amount that is less than the Settlement Limit.

More Definitions of Rejection Claim

Rejection Claim means a Claim arising under section 502(g) of the Bankruptcy Code as a consequence of the rejection of any Executory Contract.

Rejection Claim means any Claim for amounts due as a result of the rejection by one of the Debtors of any Executory Contract under section 365 of the Bankruptcy Code.

Rejection Claim means a Claim resulting from the rejection of a lease or executory contract by a Debtor.

Rejection Claim means, with respect to a Contract, any Claim arising out of (i) the termination of such Contract or the rejection of such Contract under section 365 of the Bankruptcy Code or (ii) a breach of or default under any such Contract entered into following the Petition Date as a result of the termination, rejection or breach of such Contract as a result of Buyer’s determination not to make such Contract an Assigned Contract, in each case assuming such termination, rejection or breach occurred as of the earlier of (A) the date on which such Contract is terminated or rejected or (B) the Closing Date.

Rejection Claim means, with respect to Claims, a Claim arising against the Debtor as a result of the Debtor’s rejection of an Executory Contract in accordance with Article V of the Plan.

Rejection Claim means any Claim for amounts payable as a result of the rejection of an executory contract or unexpired lease in accordance with Bankruptcy Code Section 365.

Rejection Claim means an Unsecured Claim arising from the Debtor's rejection of an