Common use of Acceptance and Assumption Clause in Contracts

Acceptance and Assumption. Buyer hereby accepts the assignment of the Assets and assumes and agrees to observe and perform all of the duties, obligations, terms, provisions, burdens and covenants, and to assume all of the liabilities to be observed, performed, paid or discharged of Seller under and with respect to the Assets (the “Assumed Liabilities”). Seller retains none of the Assumed Liabilities, and the parties agree that all of the Assumed Liabilities shall be the sole responsibility of Buyer from and after the date of this Agreement.

Acceptance and Assumption. Buyer hereby accepts the assignment of the Assets foregoing Assignment, and assumes and agrees to observe and perform all of the dutiesSeller’s liabilities, obligations, termsduties and responsibilities under and in connection with the Assigned Property, provisions, burdens and covenants, and to assume all of the liabilities extent incurred or to be observed, performed, paid or discharged of Seller under and with respect to the Assets (the “Assumed Liabilities”). Seller retains none of the Assumed Liabilities, and the parties agree that all of the Assumed Liabilities shall be the sole responsibility of Buyer from and performed after the date of this Agreementhereof.

Acceptance and Assumption. Buyer hereby accepts the assignment of the Assets foregoing sale and assumes assignment, and hereby agrees to observe assume and to perform in accordance with and be bound by all of the duties, obligations, terms, provisions, burdens terms and covenants, and to assume all of the liabilities to be observed, performed, paid or discharged of Seller conditions under and with respect to the Assets (the “Assumed Liabilities”). Seller retains none of the Assumed Liabilities, and the parties agree that all of the Assumed Liabilities shall be the sole responsibility of Buyer from and after the date of this Agreement.

Acceptance and Assumption. Buyer hereby accepts the assignment of the Assets foregoing Assignment and assumes and agrees to observe and perform all of Seller's obligations under the duties, obligations, terms, provisions, burdens and covenants, and to assume all of the liabilities to be observed, performed, paid or discharged of Seller under and with respect to the Assets (the “Assumed Liabilities”). Seller retains none of the Assumed Liabilities, and the parties agree that all of the Assumed Liabilities shall be the sole responsibility of Buyer Assigned Rights from and after the date of this Agreementhereof.