Common use of Cure of Defaults Clause in Contracts

Cure of Defaults. At or prior to the Closing, Buyer shall have cured, or made arrangements, satisfactory to Sellers in their sole discretion, to promptly cure, any and all defaults under the Executory Contracts set forth on SCHEDULE 4.1(m) that are required to be cured under the Bankruptcy Code, so that such Executory Contracts may be assumed by Sellers and assigned to Buyer in accordance with the provisions of section 365 of the Bankruptcy Code.

Appears in 2 contracts

Sources: Asset Purchase Agreement (LTV Corp), Asset Purchase Agreement (International Steel Group Inc)

Cure of Defaults. At Buyer shall, at or prior to the Closing, Buyer shall have cured, or made arrangements, satisfactory to Sellers in their sole discretion, to promptly cure, cure any and all defaults under the Executory Contracts set forth as described on SCHEDULE 4.1(m) that ), which defaults are required to be cured under the Bankruptcy Code, so that such Executory Contracts may be assumed by Sellers LTV and assigned to Buyer in accordance with the provisions of section 365 of the Bankruptcy Code.

Appears in 2 contracts

Sources: Asset Purchase Agreement (LTV Corp), Asset Purchase Agreement (International Steel Group Inc)

Cure of Defaults. At The Sellers shall, on or prior to the Closing, Buyer shall have cured, or made arrangements, satisfactory to Sellers in their sole discretion, to promptly cure, cured any and all defaults under the Executory Assumed Contracts set forth on SCHEDULE 4.1(m) that which are required to be cured under the U.S. Bankruptcy Code, so that such Executory Contracts contracts may be assumed by the Sellers and assigned to the Buyer in accordance with the provisions of section Section 365 of the U.S. Bankruptcy Code.

Appears in 1 contract

Sources: Asset Purchase Agreement (SFX Entertainment Inc)