Discuss the importance of clear and specific language in financing contingency clauses in executory real estate contracts.

An executory interest is going to cut short the previous estate before it would have ended naturally. The condition that cuts short the estate is a condition ... Feb 14, 2019 ... ... executory contracts under Bankruptcy. Code § 363, and assumption and assignment of executory contracts under Bankruptcy Code § 365. The court ... "Residential executory real estate contract" means an installment land contract, lease option contract, or rent-to-own contract by which a purchaser acquires ... Under section 365 of the Bankruptcy Code, the Debtor has the option to either assume or reject unexpired leases and executory contracts. (In simple terms, an ... 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 ... adj. something not yet performed or done. Examples: an executory contract is one in which all or part of the required performance has not been done; an ... A general receiver may assume or reject any executory contract or unexpired lease of the person over whose property the receiver is appointed. Section 365(a) of the Bankruptcy Code provides that a trustee or debtor in possession may assume or reject an unexpired lease or executory contract. In many. May 28, 2021 ... The Third Circuit follows the “Countryman test” for determining whether a contract is executory or non-executory. Jul 9, 2024 ... An executory trust exists where property is held on a current trust, but there is an obligation to execute a further, final trust instrument respecting the ...