Examples of Remaining Contracts in a sentence
The SLH Remaining Contracts do not fall within any exception set out in section 11.3(2) of the CCAA.
The Petitioners are of the view that the Purchaser is able to perform the obligations under the Remaining Contracts.
The Applicants submit that all of the criteria under section 11.3 of the CCAA have been satisfied in relation to the assignment of the Corbeil Remaining Contracts and that the proposed Corbeil Assignment Order should be granted for the reasons set out below.
Pursuant to the Sale Agreement, the Purchaser is responsible for the payment of all cure costs in relation to the Remaining Contracts (the “ Cure Costs”).
All Landlords and other counterparties to the Corbeil Remaining Contracts received written communications from the Applicants informing them of the Corbeil Transaction and requesting their consent to the assignment of their agreements to the Corbeil Buyer.
The Petitioners and the Purchaser are continuing to work diligently to obtain consents, and the number of Remaining Contracts will likely be reduced prior to the return date for this Application.
The SLH Remaining Contracts that are the subject of the requested SLH Assignment Order therefore include: (a) 45 of the SLH Key Contracts (namely, the Canada Post agreements and the ARI Leases); and (b) 28 of the SLH Additional Contracts, including one Additional Lease.
The Corbeil Buyer has the financial ability to perform the obligations under the Corbeil Remaining Contracts.
The requested Assignment Orders apply only to the Remaining Contracts for which counterparty consent has not been forthcoming.
The Corbeil Remaining Contracts do not include any eligible financial contracts, any contracts entered into post-filing, or collective agreements.