LEASES OF PERSONAL PROPERTY.

SEC. 219. LEASES OF PERSONAL PROPERTY. (a) Assumption.— Section 365(b)(2) of title 11, United States Code, is amended— (1) in subparagraph (B) by striking “or” at the end, (2) in subparagraph (C) by striking the period and inserting “; or”, (3) by adding at the end the following: “(D) the satisfaction of any penalty rate or provision relating to a default arising from any failure by the debtor to perform nonmonetary obligations under the executory contract or unexpired lease.”. (b) Performance.— Section 365(d) of title 11, United States Code, is amended by adding at the end the following: “(10) The trustee shall timely perform all of the obligations of the debtor, except those specified in section 365(b)(2), first arising from or after 60 days after the order for relief in a case under chapter 11 of this title under an unexpired lease of personal property (other than personal property leased to an individual primarily for personal, family, or household pur-108 STAT. 4129poses), until such lease is assumed or rejected notwithstanding section 5O3(b)(1) of this title, unless the court, after notice and a hearing and based on the equities of the case, orders otherwise with respect to the obligations or timely performance thereof. This subsection shall not be deemed to affect the trustee’s obligations under the provisions of subsection (b) or (f). Acceptance of any such performance does not constitute waiver or relinquishment of the lessor’s rights under such lease or under this title.”. (c) Limitation.— Section 363(e) of title 11, United States Code is amended by adding at the end the following: “This subsection also applies to property that is subject to any unexpired lease of personal property (to the exclusion of such property being subject to an order to grant relief from the stay under section 362).”.