Proposed Order Granting Debtor's Omnibus Motion Rejecting Executory Contracts & Unexpired Leases

This legal template is a Proposed Order that pertains to a debtor's omnibus motion to reject executory contracts and unexpired leases. Generally, this template is used in bankruptcy cases, where a debtor is seeking the court's authorization to reject certain contracts or leases that are burdensome or no longer beneficial to their financial interests.

The omnibus motion refers to a comprehensive request made by the debtor to terminate multiple agreements simultaneously. The contracts and leases in question are described as "executory" and "unexpired," meaning that obligations or performance from both parties are yet to be completed and the term has not expired, respectively.

The purpose of this proposed order is to seek the court's approval for the debtor's requested rejections. By granting this motion, the court would relieve the debtor from further obligations under the specified contracts and leases. This could include cancellation of lease agreements, termination of service contracts, or other similar arrangements that the debtor considers unprofitable or impractical to continue.

It is essential to note that the proposed order does not guarantee automatic rejection of the contracts and leases in question. Its purpose is to present a suggested court order that, if approved, allows the debtor to reject the specified agreements, subject to particular legal procedures and requirements.

Overall, this legal template provides a framework for a proposed order that will authorize a debtor to reject executory contracts and unexpired leases, allowing them to streamline their obligations and potentially improve their financial situation during the bankruptcy process.