Actions at the Closing Time. Subject to the provisions of this Agreement, effective as at the Closing Time, Seller hereby sells to Buyer, and Buyer hereby purchases from Seller, the Purchased Assets, free and clear of any Encumbrances (other than Permitted Encumbrances) and Buyer hereby assumes the Assumed Liabilities.
Appears in 4 contracts
Samples: Asset Purchase Agreement (American Tire Distributors Holdings, Inc.), Asset Purchase Agreement (American Tire Distributors Holdings, Inc.), Asset Purchase Agreement (American Tire Distributors Holdings, Inc.)