Can a third-party beneficiary enforce the terms of an executory contract?

Jul 1, 2022 ... Executory costs include utilities, repairs, maintenance, insurance, common area expenses, and taxes paid for the leased asset during its ... The Bankruptcy Code affords the trustee or the debtor in possession the power to either reject or assume executory contracts and unexpired. executory contract or unexpired lease. . . .”1 In determining that the License was an executory contract, the bankruptcy court applied the “Countryman ... Jan 2, 2025 ... An executory contract is a legally binding agreement where both parties have ongoing responsibilities to fulfill. Mar 18, 2009 ... The bankruptcy trustee may either affirm and accept (assume) or terminate and surrender (reject) an executory contract or unexpired lease.17 The ... A general receiver may assume or reject any executory contract or unexpired lease of the person over whose property the receiver is appointed. 59. Executory Contracts in Bankruptcy -- Introduction, Threshold Issues ... The Bankruptcy Code, 11 U.S.C. § 365, provides that, subject to court approval and ... An executory contract in real estate is a contract that has remaining actions or obligations to be completed. A rental lease is one example since the landlord ... Oct 5, 2021 ... ... executory contract.”[1] There is no blanket rule as to whether LLC operating agreements are executory. Courts must examine each operating ... The Bankruptcy Code refers to executory contracts in 11 USC § 365, it unfortunately does not provide a definition for this term.