What are the conditions that trigger the issuing bank's executory obligation?

The term "executory contractor" is not defined in the Bankruptcy Code, but the widely accepted "Countryman" definition states that an executory contract is "a ... "Residential executory real estate contract" means an installment land contract, lease option contract, or rent-to-own contract by which a purchaser acquires ... Jun 24, 2021 ... The Third Circuit was asked to decide whether a work made for hire contract was executory. Under the contract, a movie company (TWC) agreed to pay a producer a ... Executory proceedings are those which are used to effect the seizure and sale of property, without previous citation and judgment, to enforce a mortgage or ... May 28, 2021 ... The Third Circuit follows the “Countryman test” for determining whether a contract is executory or non-executory. 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 ... May 27, 2021 ... The Third Circuit follows the so-called Countryman test for determining whether a contract is executory or non-executory. A general receiver may assume or reject any executory contract or unexpired lease of the person over whose property the receiver is appointed. 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 ... Sep 21, 2023 ... What Is an Executory Contract and What Will Happen to My Executory Contract in Bankruptcy? ... An executory contract is a contract where both ...