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Fox Rothschild LLP | USA | 22 Oct 2010

Third Circuit affirms Delaware Bankruptcy Court stub rent decision

Bankruptcy Code 365(d)(3) requires the trustee or the debtor in possession to "timely perform all the obligations of the debtor...arising from and after the order for relief under any unexpired lease of nonresidential real property, until such lease is assumed or rejected, notwithstanding section 503(b)(1)."

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