Assumed Contract definition

Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

Assumed Contract has the meaning set forth in Section 2.1(b)(iv).

Assumed Contract means, except as otherwise provided in Section 2.4, any Contract to which Seller or any of its Affiliates is a party that relates primarily to the Business, other than Contracts included in Excluded Assets and listed on Schedule 1.1(c); provided, however, that this definition does not include any Employee Plans except as expressly contemplated by the Employee Agreement.

Examples of Assumed Contract in a sentence

• For the avoidance of doubt, the term “material” in the prior sentence means material in the context of the relevant Assumed Contract.

• Buyer shall have the right to negotiate at any time after the Execution Date with any party to an Assumed Contract for modification of or an earlier termination of such Assumed Contract, provided that such modifications or terminations are effective only on or after the Closing Date.

• Notwithstanding the foregoing, to the extent consent to assignment of any Assumed Contract is not obtained as of the Closing, Seller and Buyer shall use their reasonable commercial good faith efforts to mitigate any costs, losses or damages associated with the failure to obtain such consents prior to the Closing.

• Upon satisfying any requisite consent requirement applicable to such Assumed Contract after the Closing, such Assumed Contract shall promptly be transferred and assigned to Buyer in accordance with the terms of this Agreement and such transfer and assignment shall be without any additional payment by Buyer.

• Except as otherwise provided for herein or in the Assumption Notice or as may be otherwise agreed in writing by the applicable Debtor and counterparty, the Cure Amount for each Assigned Contract and Assumed Contract shall be zero.

More Definitions of Assumed Contract

Assumed Contract shall have the meaning set forth in Section 1.03.

Assumed Contract is defined in Section 1.1(a)(4).

Assumed Contract means any Contract arising from, related to, used or held for use in, or with respect to, the Business or the Purchased Assets to which the Seller or any of its Affiliates is a party, under which the Seller or any of its Affiliates may have any rights or by which the Seller, any of its Affiliates, the Business or any of the Purchased Assets may be bound, and all bids, quotations and proposals therefor, other than the Excluded Contracts.

Assumed Contract means an Executory Contract (as modified or amended pursuant to the Plan, prior order of the Court, or by agreement of the parties) that is assumed by the Debtors pursuant to the Plan.

Assumed Contract means any contract of the Debtors that is not set forth on Exhibit E to the Plan, as amended from time to time.

Assumed Contract means the Contracts or portions of the Contracts identified in Section 6.06 of the Seller Disclosure Schedule.

Assumed Contract means any Contract or portion of a Contract to which ---------------- Seller or any of its Affiliates is a party that relates exclusively to the manufacture, marketing, sale or distribution of the Product, including those Contracts listed on Section 6.06 of the Seller Disclosure Schedule, but excluding any Multi-Product Contracts.