BNY, CAPITAL FUNDING LLC v. US Airways, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• characterizing “an unexercised option” as merely “property of U.S. Airways’s bankruptcy estate”
• “Unperformed obligations become due if, and only if, the optionee exercises the option . . . . If the option is not exercised, the unperformed obligations never become due and neither party commits a breach.” (alteration in original

Source: CourtListener parenthetical corpus (CC0).