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IN RE UPLAND/EUCLID, LTD.

Bankruptcy No. LA 84-13891-BR, BAP No. CC-85-1005-AbMV.

56 B.R. 250 (1985)

In re UPLAND/EUCLID, LTD., a California partnership, Debtor. UPLAND/EUCLID, LTD., Appellant, v. GRACE RESTAURANT CO., Appellee.

United States Bankruptcy Appellate Panels of the Ninth Circuit.

Decided October 11, 1985.

Attorney(s) appearing for the Case

McCutchen, Black, Verleger & Shea, Roger A. Ferree, Diane C. Stanfield, Los Angeles, Cal., for appellant.

Rutan & Tucker, Robert W. Alberts, David Ray Jenkins, Costa Mesa, Cal., for appellee.

Before ABRAHAMS, MEYERS and VOLINN, Bankruptcy Judges.

ABRAHAMS, Bankruptcy Judge.

The debtor/lessor appeals from an order denying its motion to reject an unexpired lease of real property and to set a reasonable rent for the remainder of the lease term. We affirm.

FACTS

In 1976, appellant Upland/Euclid, Ltd. leased real property to appellee Grace Restaurant Company for twenty-five years, with options to extend the term for an additional fifteen years. The annual rent reserved in the lease is the greater...

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