Common use of Assumption or Assignment by Trustee Clause in Contracts

Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code. Land▇▇▇▇'▇ ▇ight to terminate this Lease pursuant to this Paragraph 16 shall be subject to the rights of the Trustee in bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (A) promptly cures all defaults under this Lease, (B) promptly compensates Landlord for monetary damages incurred as a result of such default, (C) provides "adequate assurance of future performance" (as hereinafter defined) (D) complies with the provisions of Paragraph 5 hereof.

Assumption or Assignment by Trustee. In the event Tenant becomes the subject debtor in a case pending under the Bankruptcy Code. , Land▇▇▇▇'▇ ▇ight to terminate this Lease pursuant to this Paragraph paragraph 16 shall be subject to the rights of the Trustee in bankruptcy to assume or assign this Lease. The Trustee shall not have the right to assume or assign this Lease unless the Trustee (A) promptly cures all defaults under this Lease, (B) promptly compensates Landlord for monetary damages incurred as a result of such default, (C) provides "adequate assurance of future performance" (as hereinafter defined) and (D) complies with the provisions of Paragraph paragraph 5 hereof.