Executory Contract Assumption and Assignment Order

Executory Contract Assumption and Assignment Order. An order of the Bankruptcy Court, which may be the Sale Order and must be in form and substance reasonably acceptable to Buyer, that (a) approves the provisions of ss.5(k), (b) authorizes and directs Seller, pursuant to ss.365 of the Bankruptcy Code, to assume and to assign to Buyer the Assumed Contracts and to make all pre-petition and post-petition payments related thereto that are not Assumed Liabilities (c) determines that Buyer has provided adequate assurance of future performance relative... to the Executory Contracts, and (d) conclusively establishes the amounts necessary to cure all defaults under the Executory Contracts. View More