Purchased Leases

Purchased Leases. Means all Leases of Sellers for the Acquired Stores that are assumed and assigned to Buyer on or after the Closing Date, together with all security deposits related thereto and all permanent fixtures, improvements and appurtenances thereto and associated with such Purchased Leases, subject to the rejection of up to fifteen (15) Leases by the Buyer on or prior to the Delayed Assumption Date pursuant to Section 2(l) hereof.