Bankruptcy Party definition
Examples of Bankruptcy Party in a sentence
If the Committee or the Post Confirmation Committee commences a Bankruptcy Case Action against a Bankruptcy Party in a court of competent jurisdiction on or before the Release Date, while that particular Bankruptcy Case Action shall not be deemed to be released, foregoing release shall still be deemed applicable to that Bankruptcy Party for all other claims and causes of actions contemplated by this Section VI.C.5, and not otherwise timely prosecuted by the Committee or the Post Confirmation Committee.
All rights, powers and remedies of the non-Bankruptcy Party provided under this provision are in addition to, and not in substitution for, any and all other rights, powers and remedies now or hereafter existing at law or in equity (including, without limitation, the Bankruptcy Code) in the event of any such commencement of a bankruptcy proceeding by or against a Bankruptcy Party.
Unless and until the Bankruptcy Party rejects this Agreement, the Bankruptcy Party shall perform this Agreement or provide the intellectual property (including all embodiments of such intellectual property) to the other Party, and shall not interfere with the rights of the other Party to such intellectual property, including the right to obtain the intellectual property from another entity.
Both parties shall in good faith cooperate with one another and the Bankruptcy Party shall not unreasonably reject any suggestions made by the Non-Bankruptcy Party.
It shall be the policy of the St. Augustine – St. Johns County Airport Authority that commercially leased airport property may be subject to fees for the provision of service(s) to Lessee in excess of those included in the base rental amount.