Examples of Specified Leases in a sentence
Notwithstanding Bankruptcy Rule 6004(h), this Order shall be effective immediately and enforceable upon its entry, including the rejection of the Specified Contracts and Leases granted herein which shall be rejected by the Debtors and the abandonment of the Personal Property remaining on the premises of the Specified Leases, effective as of January 31, 2021.
Pursuant to sections 105(a) and 554(a) of the Bankruptcy Code and Bankruptcy Rule 6007, any Personal Property remaining on the premises of the Specified Leases or in the possession of a counterparty to the Specified Leases as of January 31, 2021, is hereby abandoned by the Debtors.
It is the intent of the Transferor, the Noteholders and Trust Certificateholders that the Notes be treated as indebtedness secured by the Specified Vehicles and the payments on the Specified Leases for federal income tax and state income and franchise tax purposes.
The Debtors are authorized to and do hereby abandon all of their and their estates’ right, title, and interest in and to any Personal Property remaining on the premises formerly leased under the Specified Leases.
Each of the Seller Licenses is free and clear of all Liens, other than (i) any Liens in respect of indebtedness for borrowed money (which Liens by their express terms shall be automatically released at the Closing upon payment of the Purchase Price as contemplated hereunder); or (ii) any leases or other arrangements with any Affiliates of Seller or other third parties (which, other than the Specified Leases, shall be terminated at or prior to the Closing).