Bankruptcy Code Section 365

The licenses granted by the parties pursuant to sections 3 1 and 3 2 are and will be deemed to be for purposes of section 365 n of the u s.
Bankruptcy code section 365. 365 provides that the trustee subject to the court s approval may assume or reject any executory contract or unexpired lease of the debtor. On the face of the statute it would appear an oil and gas lease may be rejected in bankruptcy as an unexpired lease. Sections 365 e 2 b expands the section to permit termination of an executory contract or unexpired lease of the debtor if such contract is a contract to make a loan or extend other debt financing or financial accommodations to or for the benefit of the debtor or for the issuance of a security of the debtor.
Sections 365 e 1 and 2 a restate section 365 e of h r. Every bankruptcy practitioner is generally familiar with section 365 of the bankruptcy code which permits a trustee to reject burdensome executory contracts and unexpired leases of real property under which a debtor is a party. Bankruptcy code section 365 n protects licensees right to continued use of intellectual property.
8200 as passed by the house. Under section 365 d 4 of the bankruptcy code an unexpired lease of nonresidential real property is automatically deemed rejected if a debtor lessee does not assume such lease within 120 days of its bankruptcy filing or within 210 days with court permission. Section 365 n of bankruptcy code.
Bankruptcy code licenses of rights to intellectual property as defined under section 101 of the u s. All rights and licenses granted under this agreement are and shall otherwise be deemed to be for purposes of section 365 n of the united states bankruptcy code the bankruptcy code licenses of rights to intellectual property as defined under section 101 35a of the bankruptcy code. Section 365 n of the bankruptcy code.
The parties shall retain and may fully exercise all of their respective rights and elections under the bankruptcy code. Section 365 a of the bankruptcy code 11 u s c. Section 365 of the bankruptcy code provides that a debtor subject to the court s approval may assume or reject any executory contract or unexpired lease of the debtor 11 u s c.